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Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program
Funding for SMEs in Southern Ontario to grow, innovate and compete
Last Update: March 4, 2026
Funding available
$ 125,000
Timeline
- Open Date : January 1, 2025
- Closing date : March 31, 2025
Location
Ontario, Canada
Overview
Apply for an interest free repayable contribution from $125,000 up to $10 million to develop, commercialize or produce innovative products, processes and services, improve productivity, capacity and competitiveness, scale-up and expand to develop new busi
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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
- Conduct research and development activities
Eligible Funding
- Minimum amount : 125,000 $
Timeline
- Open Date : January 1, 2025
- Closing date : March 31, 2025
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
This grant supports projects that aim to foster innovation, enhance productivity, and promote technology adoption within businesses. These initiatives are designed to drive economic growth and contribute to sustainable and inclusive development within the Southern Ontario region.
- Projects that develop, commercialize, or produce innovative products, processes, and services.
- Initiatives aimed at improving productivity, capacity, and competitiveness of businesses.
- Scaling-up and expansion projects to develop new business opportunities or enter new markets.
- Clean economic growth projects supporting the greening of the economy and creating sustainable jobs.
- Growth-driven projects that accelerate business development and expansion.
- Technology-focused initiatives in sectors like AI, cybersecurity, medical technologies, and agri-tech.
- Projects supporting industrial transition, adopting new technologies to improve competitiveness.
- Initiatives prioritizing zero-emission vehicles and housing manufacturing innovation.
- Projects promoting opportunities for underrepresented groups and regional inclusivity.
Eligibility
Who is eligible?
Incorporated businesses that meet specific objectives. Specifically, companies that:- Develop, commercialize, or produce innovative products, processes, and services.- Improve productivity, capacity, and competitiveness.- Scale-up and expand to develop new business opportunities, enter new markets, or reach new customers.Who is not eligible
Some types of companies are not eligible for this grant:
- Non-incorporated businesses
- Non-profit organizations
- Government entities
Eligible expenses
This grant supports businesses that aim to develop innovative products, processes, or services and expand their market reach. The funding focuses on accelerating growth, boosting technological advancements, and facilitating industrial transitions.
- Projects that develop, commercialize, or produce innovative products, processes, and services.
- Activities aimed at improving productivity, capacity, and competitiveness of businesses.
- Expanding businesses to reach new markets and target new customer segments.
- Initiatives supporting clean economic growth and transitioning to sustainable and green jobs.
- Development of projects that involve cutting-edge technologies such as AI, cybersecurity, and medical technologies.
- Industrial transition projects that adopt new technologies and innovations to improve competitiveness.
- Projects prioritizing the transition to zero-emission vehicles and advancements in housing manufacturing innovation.
Eligible geographic areas
This grant program, administered by FedDev Ontario, is tailored for businesses operating within its designated regions in Canada. Although the details specify a provincial focus, the geographical scope is generally aligned with FedDev Ontario's operational region.
- Businesses located in Southern Ontario, Canada.
Additional information
Here are additional relevant details for this grant:
- No-interest, repayable contributions range from $125,000 to $10 million per project.
- Projects should align with one or more key priorities such as clean economic growth, growth companies, cutting-edge technology, or industrial transition.
- Inclusive growth and regional coverage are important principles guiding investment strategies.
- Applicants are encouraged to contact FedDev Ontario at any time for questions or to discuss potential project submissions.
- The program places a value on projects that create opportunities for underrepresented groups and spread growth across different community sizes.
- Next intake periods for applications are scheduled for fall 2024 and winter 2025.
Contacts
Frequently Asked Questions about the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program Program
Here are answers to the most common questions about the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program?
Apply for an interest free repayable contribution from $125,000 up to $10 million to develop, commercialize or produce innovative products, processes and services, improve productivity, capacity and competitiveness, scale-up and expand to develop new busi
What is the deadline to apply?
The application deadline for this grant program was March 31, 2025.
Who is eligible for the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program program?
To be eligible for the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program program, you must:
The business must be incorporated.
The business must engage in developing, commercializing, or producing innovative products, processes, or services.
The business must aim to improve productivity, capacity, and competitiveness, or seek to scale up and expand into new markets.
What expenses are eligible under Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program?
This grant supports projects that aim to foster innovation, enhance productivity, and promote technology adoption within businesses. These initiatives are designed to drive economic growth and contribute to sustainable and inclusive development within the Southern Ontario region. Projects that develop, commercialize, or produce innovative products, processes, and services.
Initiatives aimed at improving productivity, capacity, and competitiveness of businesses.
Scaling-up and expansion projects to develop new business opportunities or enter new markets.
Clean economic growth projects supporting the greening of the economy and creating sustainable jobs.
Growth-driven projects that accelerate business development and expansion.
Technology-focused initiatives in sectors like AI, cybersecurity, medical technologies, and agri-tech.
Projects supporting industrial transition, adopting new technologies to improve competitiveness.
Initiatives prioritizing zero-emission vehicles and housing manufacturing innovation.
Projects promoting opportunities for underrepresented groups and regional inclusivity.
Who can I contact for more information about the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program?
You can contact Federal Economic Development Agency for Southern Ontario (FedDev) by email at info@feddevontario.gc.ca or by phone at 1-866-593-5505.
Where is the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program available?
The Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program program is available the province of Ontario.
Is the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program a grant, loan, or tax credit?
Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program is a Grant and Funding