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Source verified May 28, 2026
REGI — Business Scale-up and Productivity (BSP) - Northern Ontario
Funds to accelerate business growth in Northern Ontario
Funding available
$ 500,000
Deadline
June 15, 2024
Opened November 14, 2019
Location
Ontario, Canada
Who can apply
Incorporated small and medium-sized enterprises (SMEs) in Northern Ontario
See full eligibility
Overview
Get a repayable contribution of up to $500,000 to cover up to 50% of eligible costs for a project that focuses on growth, productivity, technology adoption, market development and investment attraction.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop a new product or service
- Optimize production processes
Eligible Funding
- Maximum amount : 500,000 $
- Up to 50% of project cost
Eligible candidates
Eligible Industries
- All industries
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Adoption or demonstration of new technologies and processes to enhance productivity.
- Expansion into new domestic and global markets through product or service development.
- Commercialization of innovative products, services, or processes.
- Development of advanced manufacturing capacity.
- Implementation of best management practices to strengthen business performance and governance.
Official resources
Eligibility
Who is eligible?
- Incorporated small and medium-sized enterprises (SMEs) in Northern Ontario
- Indigenous (First Nation, Métis, Inuit) businesses and organizations in Northern Ontario
Who is not eligible
- Retail businesses.
- Service-based businesses.
- Smaller startups and entrepreneurs (these may be eligible under separate Regional Innovation Ecosystems streams).
Eligible expenses
- Project-specific salaries and benefits for labour directly involved.
- Purchase of machinery, equipment, and infrastructure for the project.
- Incremental and measurable operating costs directly related to the project.
- Professional, advisory, and technical services fees required for project delivery.
- Intellectual property-related costs.
- Preproduction expenses such as technological development and commercial demonstrations.
- Commercialization costs related to bringing products or services to market.
- Expenses for expanding or maintaining access to new or existing markets.
- Subcontracting costs directly linked to the project.
Eligible geographic areas
- Northern Ontario
Selection criteria
- Demonstrated sustainable business model, typically supported by at least two years of operations.
- Financial capacity to complete the project and fully repay the contribution.
- Managerial, technical, and operational capacity to achieve the project's objectives in a timely manner.
- Clear demonstration of market or industry demand and the potential for market growth or export diversification.
- Viable project plan with achievable outcomes, substantiated by verifiable cost estimates.
How to apply
- Step 1: Initial Consultation
- Contact a FedNor officer by calling 1-877-333-6673 to discuss your project proposal.
- Assess the availability of program funding and determine your project's alignment with the program objectives.
- Step 2: Proposal Preparation
- Develop a comprehensive project proposal, including a detailed business case and financial projections.
- Prepare all required supporting documents demonstrating project viability, cost estimates, and project plan.
- Step 3: Application Submission
- Submit your complete application to FedNor for assessment as per the instructions provided during your discussion with the FedNor officer.
- Step 4: Application Review
- FedNor reviews your application, including business case and financial documentation.
- Await communication from FedNor regarding the outcome or any additional information requests.
Additional information
- The program currently faces limited budget availability due to high demand.
- Applicants are encouraged to consult a tax professional regarding the tax implications of financial assistance.
- FedNor will assess applications as they are received, with funding approval subject to both merit and available budget.
- Completing an application does not guarantee funding approval.
Contacts
Frequently Asked Questions about the REGI — Business Scale-up and Productivity (BSP) - Northern Ontario Program
What is the REGI — Business Scale-up and Productivity (BSP) - Northern Ontario?
Get a repayable contribution of up to $500,000 to cover up to 50% of eligible costs for a project that focuses on growth, productivity, technology adoption, market development and investment attraction.
How much funding can be received?
REGI — Business Scale-up and Productivity (BSP) - Northern Ontario Funds up to 50% of admissible expenses, capped at $500,000 per project.
What is the deadline to apply?
The application deadline for this grant program was June 15, 2024.
Who is eligible for the REGI — Business Scale-up and Productivity (BSP) - Northern Ontario program?
To be eligible for the REGI — Business Scale-up and Productivity (BSP) - Northern Ontario program, you must:
Incorporated small or medium-sized enterprise (SME)
Minimum two years of operations with a sustainable business model
Project benefits must accrue to Northern Ontario
What expenses are eligible under REGI — Business Scale-up and Productivity (BSP) - Northern Ontario?
Adoption or demonstration of new technologies and processes to enhance productivity.
Expansion into new domestic and global markets through product or service development.
Commercialization of innovative products, services, or processes.
Development of advanced manufacturing capacity.
Implementation of best management practices to strengthen business performance and governance.
Who can I contact for more information about the REGI — Business Scale-up and Productivity (BSP) - Northern Ontario?
You can contact Federal Economic Development Agency for Northern Ontario (FedNor) or by phone at 1-877-333-6673.
Where is the REGI — Business Scale-up and Productivity (BSP) - Northern Ontario available?
The REGI — Business Scale-up and Productivity (BSP) - Northern Ontario program is available the province of Ontario.