Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program
ON, Canada
Funding for SMEs in Southern Ontario to grow, innovate and compete
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
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- grant_single|timelineUnspecified
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)
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grant_card_status|open
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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|projects
Projects eligible for this grant must focus on clean economic growth, growth companies, technology, or industrial transition. Examples of eligible activities include:
- Developing innovative products, processes, and services
- Improving productivity, capacity, and competitiveness
- Scaling up to enter new markets or reach new customers
- Transitioning to zero-emission vehicles or housing manufacturing innovation
grant_single|admissibleProjectsExample
$2,000,000
Toronto
Developing an innovative AI-driven analytics platform for healthcare services in Toronto.
$2,500,000
Vancouver
Improving the production capacity of eco-friendly packaging materials in Vancouver.
$4,000,000
Montreal
Transitioning to zero-emission vehicles for a transportation company in Montreal.
$1,700,000
Calgary
Developing smart home technology for energy efficiency in Calgary.
$1,500,000
Winnipeg
Scaling up organic agricultural production to meet new market demands in Winnipeg.
$5,000,000
Ottawa
Improving competitiveness by implementing advanced manufacturing technologies in Ottawa.
grant_single_labels|admissibility
Funding is available for incorporated businesses developing innovative products, processes, or services, focusing on clean economic growth, growth companies, technology, and industrial transition.
- Projects must align with one or more of the specified priorities for the funding intake period.
- Eligible businesses can apply for repayable contributions ranging from $125,000 to $10 million per project.
- Priority may be given to projects supporting the transition to zero-emission vehicles and housing manufacturing innovation.
- Inclusive growth and regional coverage are key considerations.
grant_eligibility_criteria|who_can_apply
FedDev Ontario is offering funding opportunities to incorporated businesses that develop, commercialize, or produce innovative products, processes, and services, improve productivity and competitiveness, and scale-up to explore new opportunities.
- Businesses focusing on innovative products, processes, or services
- Companies looking to improve productivity, capacity, and competitiveness
- Enterprises aiming to scale-up and expand into new markets
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
Eligible expenses for this grant include:
- Costs directly related to the project
- Salaries, benefits, and overhead
- Professional fees (e.g., consultants, engineers)
- Equipment and materials
- Marketing and promotion expenses
- Rent, utilities, and insurance
- Travel and accommodation costs
- Training and skills development
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|register
- Step 1: See if this funding opportunity is right for you.
- Review the funding criteria and priorities outlined for the spring 2024 intake period.
- Determine if your project aligns with the specified focus areas and meets the funding requirements.
- Step 2: Click "Next" and review more program information.
- Explore additional details about the application process, eligibility criteria, and project assessment criteria.
- Get a comprehensive understanding of what is expected from applicants.
- Step 3: Prepare your application for the next scheduled application intake period.
- Gather all required documentation and information needed to complete the application.
- Ensure that your project proposal addresses the listed priorities and is in line with the funding objectives.
- Step 4: Contact FedDev Ontario for further information or assistance.
- Reach out via email or phone to express your interest in applying or to seek clarification on any aspect of the application process.
- Ask questions and discuss your project needs with the funding authority as needed.
grant_single_labels|contact
info@feddevontario.gc.ca
1-866-593-5505
Apply to this program
Grant Summary:
The FedDev Ontario grant program is currently accepting applications for the spring 2024 intake period. With funding opportunities ranging from $125,000 to $10 million per project, the program aims to support innovative projects that promote clean economic growth, accelerate business development, focus on cutting-edge technologies, and facilitate industrial transition.
Grant Detailed Explanation:
The FedDev Ontario grant program is a valuable opportunity for businesses looking to expand, innovate, and enhance their competitiveness. With the spring 2024 application intake now open, eligible businesses can apply for funding support to develop, commercialize, or produce innovative products, processes, and services. The program offers no-interest, repayable contributions ranging from $125,000 up to $10 million per project, emphasizing the importance of driving clean economic growth, accelerating business development, and supporting technological advancements.
One of the key priorities for the spring 2024 intake is clean economic growth. Projects that contribute to the greening of the economy, facilitate emissions reductions, and create sustainable and green jobs are highly encouraged to apply for funding. Additionally, the program focuses on growth companies that are seeking to expand and scale up their operations, as well as projects in cutting-edge sectors such as artificial intelligence, cybersecurity, medical technologies, digital health, and agri-tech.
Businesses in traditional sectors looking to undergo an industrial transition are also prime candidates for funding. By supporting the adoption of new technologies and innovations to improve competitiveness and explore new opportunities, the FedDev Ontario grant program aims to drive growth and development across various industries. Priority is given to projects that support the transition to zero-emission vehicles and housing manufacturing innovation, aligning with the program's commitment to environmental sustainability.
Inclusive growth and regional coverage are fundamental principles of the FedDev Ontario grant program. The initiative aims to empower businesses to create new opportunities for underrepresented groups and foster growth in both urban centers and small rural communities. By prioritizing projects that promote diversity, inclusivity, and regional economic development, the program seeks to drive positive change and build a more resilient and prosperous business landscape.
Applying for the FedDev Ontario grant involves a straightforward process, with clear guidelines on eligibility criteria and project requirements. Businesses are encouraged to review the program information carefully, prepare their applications diligently, and seek support from the program administrators if needed. The grant program's commitment to effective, efficient, and client-focused services ensures that applicants receive the necessary guidance and assistance throughout the application process.
To stay updated on the latest news and information about the FedDev Ontario grant program, businesses can subscribe to receive updates via email and follow the program on various social media platforms. By staying connected and informed, businesses can maximize their chances of securing funding and leveraging the opportunities presented by the grant program to fuel their growth and success.
