Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program
grant_single|update January 24, 2025
ON, Canada
Funding for SMEs in Southern Ontario to grow, innovate and compete
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|minCount
grant_single|deadlines
- grant_single|closingDate June 24, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
grant_single|grantors
- Government of Canada
- Federal Economic Development Agency for Southern Ontario (FedDev)
grant_single|status
grant_card_status|open
grant_card_status|closingSoon
grant_single_labels|preview
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
grant_single_labels|terms_and_conditions
This grant program provides financial assistance without interest, focusing on promoting innovation, productivity, and economic growth in Southern Ontario. Funding is structured as repayable contributions designed to accommodate diverse business needs.
- No-interest, repayable contributions available from $125,000 up to $10 million per project.
- Funding is accessible for incorporated businesses engaging in the development, commercialization, or production of innovative products, processes, and services.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$ 4,000,000
Transitioning to zero-emission vehicles for a transportation company
$ 1,500,000
Scaling up organic agricultural production to meet new market demands
$ 2,000,000
Developing an innovative AI-driven analytics platform for healthcare services
$ 2,500,000
Improving the production capacity of eco-friendly packaging materials
$ 5,000,000
Improving competitiveness by implementing advanced manufacturing technologies
$ 1,700,000
Developing smart home technology for energy efficiency
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's business profile and proposed projects.
- The applicant must be an incorporated business.
- The project must involve the development, commercialization, or production of innovative products, processes, or services.
- The project should aim to improve productivity, capacity, and competitiveness.
- The project must focus on scaling up, expanding to develop new business opportunities, entering new markets, or reaching new customers.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for this grant:
- Non-incorporated businesses
- Non-profit organizations
- Government entities
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|criteria
FedDev Ontario has specific evaluation and selection criteria for the grant application.
- Projects will be assessed based on their alignment with the spring 2024 intake priorities.
- Priority may be given to projects supporting zero-emission vehicles and housing manufacturing innovation.
- Evaluation will consider the project's potential for clean economic growth, business development acceleration, technology focus, and industrial transition.
- Inclusive growth and regional coverage are key considerations for project selection.
grant_single_labels|apply
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grant_single_labels|otherInfo
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.
grant_single_labels|contact
info@feddevontario.gc.ca
1-866-593-5505
Apply to this program
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