REGI — Regional Innovation Ecosystems
ON, Canada
Funding for organizations supporting business growth in Northern Ontario
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
Other Support
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Canada
- Federal Economic Development Agency for Northern Ontario (FedNor)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Your organization could get a financial contribution to assist businesses at all stages of development in scaling up and becoming more globally competitive. Investments will focus on enhancing business support networks for under-represented groups — inclu
grant_single_labels|terms_and_conditions
This grant provides flexible financing modalities to support innovation ecosystems in Northern Ontario, promoting regional economic development. The modalities are designed to address diverse project needs and objectives.
- Contribution agreements that specify maximum funding amounts based on project scope and objectives.
- Reimbursement-based funding where expenses are reimbursed after submission and approval of claims.
- Possibility of leveraging other funding sources in conjunction with the grant to maximize project impact.
- Monitoring and reporting requirements to ensure compliance and project progress.
- Focus on supporting projects that align with regional innovation and economic diversification goals.
grant_single_labels|projects
This grant is designed to support the growth and enhancement of regional innovation ecosystems. It focuses on initiatives that foster collaboration and boost economic development in Northern Ontario communities.
- Projects that enhance collaborative research and development efforts among academic, industry, and public sectors.
- Initiatives that build or expand innovation infrastructure such as incubators and accelerators.
- Programs that provide mentorship, training, and support to startups and scale-ups.
- Activities that promote the commercialization of new technologies and innovation.
- Efforts that strengthen regional networks and partnerships to increase competitiveness.
grant_single|admissibleProjectsExample
$ 80,000
Create an online platform to enhance community economic development
$ 100,000
Develop a new AI-driven software to address inequities in healthcare access
$ 200,000
Develop a renewable energy startup to provide sustainable energy solutions
$ 150,000
Launch a sustainable farming cooperative to promote food security
grant_single_labels|admissibility
- Applicants must be businesses located in Northern Ontario
- Projects must demonstrate positive economic impacts on the region
- Applicants must meet the specific criteria outlined in the grant application guidelines
grant_eligibility_criteria|who_can_apply
The Federal Economic Development Agency for Northern Ontario (FedNor) grant applications are open to various organizations, including businesses, municipalities, Indigenous communities, and non-profit organizations that propose projects which can stimulate economic growth and development in Northern Ontario. Potential eligibility often extends to projects that demonstrate benefits in employment, innovation, productivity, inclusivity, and regional competitiveness, although specific applicant criteria may vary based on the funding initiative.
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for this grant. These include:
- Companies outside the specified geographic region
- Companies operating in sectors not covered by the grant program
- Companies that do not meet specific eligibility criteria outlined in the grant guidelines
grant_eligibility_criteria|eligible_expenses
The FedNor grant supports a broad range of projects aimed at enhancing economic development in Northern Ontario. These initiatives emphasize community development, business growth, and infrastructure improvement.
- Community economic development to enhance local economies.
- Support for small and medium-sized businesses to stimulate growth and innovation.
- Infrastructure projects to improve connectivity and accessibility.
- Initiatives promoting innovation and technology adoption.
- Projects aimed at enhancing tourism in Northern Ontario.
grant_eligibility_criteria|zone
The grant is aimed at supporting companies within the specified regions of Northern Ontario. The funding is directed towards regional development through innovation and support of local businesses.
- Companies operating within Northern Ontario.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. Applicants are assessed based on factors such as project alignment with FedNor priorities, economic benefits to Northern Ontario, capacity to implement the project, and financial viability.
- Project alignment with FedNor priorities
- Economic benefits to Northern Ontario
- Capacity to implement the project
- Financial viability
grant_single_labels|register
Here are the steps to submit an application for the FedNor grant:
- Step 1: Determine Program Eligibility
- Review the eligibility criteria detailed on the FedNor website to ensure your project qualifies.
- Evaluate the funding priorities and objectives of FedNor to align your project.
- Step 2: Register on FedNor Portal
- Create an account on FedNor's online application portal if you don't already have one.
- Log in to access the application forms and guidelines.
- Step 3: Develop Project Proposal
- Draft a comprehensive project proposal including a clear description, objectives, and potential economic impact.
- Prepare a detailed budget and timeline for the project execution.
- Step 4: Compile Supporting Documentation
- Gather all necessary documents such as financial statements, letters of support, and business plans.
- Ensure all documents meet the criteria set by FedNor.
- Step 5: Complete the Application Form
- Fill out the application form available on the FedNor portal with accurate information.
- Attach the project proposal and supporting documentation as instructed.
- Step 6: Review and Submit Application
- Review all information and documents to ensure completeness and accuracy.
- Submit the application via the online portal before the specified deadline.
- Step 7: Confirmation of Submission
- Receive an automated confirmation email acknowledging receipt of your application.
- Keep a record of your application submission and confirmation details for follow-up.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The application requires the selection of a preferred language, either English or French.
- Terms and conditions are available which outline the obligations of recipients and should be carefully reviewed.
- The symbol of the Government of Canada is included in the application process, indicating federal oversight.
Apply to this program
Federal Support for Northern Ontario's Economic Development
The Federal Economic Development Agency for Northern Ontario (FedNor) grant offers financial assistance aimed at enhancing economic productivity and growth throughout Northern Ontario. This program targets projects that can contribute significantly to regional prosperity and innovation.
In-Depth Analysis of the FedNor Grant's Role in Regional Advancement
The Federal Economic Development Agency for Northern Ontario (FedNor) is a vital initiative under the Government of Canada established to strengthen economic growth and innovation in this key region. By focusing on various sectors, including technology, manufacturing, and rural development, the FedNor grant is crucial for supporting initiatives that stimulate the local economy and address regional challenges such as employment and infrastructure development.
With a commitment to advancing economic outcomes, the FedNor grant supports projects that leverage the unique strengths of the industries present in Northern Ontario. These industries are characterized by their diversity and potential for innovation; thus, receiving funding from FedNor can catalyze growth through resource expansion, operational improvements, and the integration of cutting-edge technologies.
The impact of this grant is multi-faceted, involving not only financial support but also access to an extensive network of industry partners, technical assistance, and guidance from economic development experts. This holistic approach ensures that projects are not only adequately funded but also aligned with the strategic priorities of the region, maximizing their effectiveness and sustainability.
Applicants to the FedNor grant must demonstrate a well-structured and innovative project plan, clear expected outcomes, and a strategic alignment with the regional economic development objectives. Projects that show the potential for job creation, enhancement of competitiveness, and improvement of local community quality of life are particularly favored, ensuring that investments yield significant socio-economic benefits.
The FedNor program is responsive to the unique challenges faced by the northern communities, particularly in remote or rural areas where economic development opportunities might be constrained by geographical limitations. Therefore, the grant's flexibility to accommodate diverse project proposals makes it a pivotal resource for those looking to drive change in their communities.
Furthermore, transparency and accountability are core to the grant's framework, requiring recipients to provide detailed reports on project expenditures and outcomes, along with a clear demonstration of the project's progress towards set objectives. This ensures that the funds are used efficiently and lead to the achievement of substantial development milestones.
Overall, the FedNor grant serves as an engine for Northern Ontario's economic development, providing businesses and organizations with essential capital and resources needed to foster innovation, solve pressing challenges, and create a thriving economic landscape. By supporting these initiatives, FedNor helps ensure that Northern Ontario's communities are well-positioned for future economic success and resilience.
