Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations
At a glance
- From 125,000$ to 10,000,000$
- 50% of project cost
- Open Date : November 14, 2019
- Closing date : November 09, 2023
- All industries
- Government of Canada
- Federal Economic Development Agency for Southern Ontario
Overview
Eligibility criteria
FedDev Ontario provides funding for not-for-profit and community development organizations that support companies in reaching their potential by fostering inclusive and sustainable economic growth. Eligibility criteria include:
- Organizations must create an innovation and entrepreneurship environment.
- Projects must focus on clean economic growth, growth companies, technology, or industrial transition.
- Projects should aim to diversify local economies and promote inclusive growth across different communities.
Who is eligible
There are eligible types of companies for this grant.
- Not-for-profit organizations
- Community development organizations
Eligible expenses
Eligible expenses for this grant may include:
- Costs directly related to the project's activities
- Salaries and benefits for project staff
- Materials and supplies
- Consultant fees
- Travel and accommodation expenses
- Overhead costs directly related to the project
Eligible projects & activities
Projects that are eligible for this grant should focus on creating a thriving innovation and entrepreneurship environment, fostering inclusive and sustainable economic growth, and transforming and diversifying local economies. Priority areas include clean economic growth, growth companies, technology projects, and industrial transition.
- Projects supporting the greening of the economy
- Projects accelerating innovation-led growth
- Projects in cutting-edge sectors like artificial intelligence and digital technologies
- Projects that support change in traditional sectors and develop new sectors for future opportunities
Evaluation & selection criteria
Evaluation and selection criteria for this grant include assessing the alignment of projects with funding priorities and potential impact on economic growth.
- Alignment with funding priorities
- Potential impact on economic growth
How to apply
- Step 1: Review the funding criteria and priorities
- Content: Understand the types of projects supported and the focus areas of the grant.
- Implications: Ensures alignment of your project with the grant's objectives.
- Step 2: Prepare your project proposal
- Content: Develop a detailed proposal outlining how your project aligns with the grant priorities.
- Implications: The quality of your proposal will impact the likelihood of receiving funding.
- Step 3: Submit your application during the designated intake period
- Content: Complete and submit the application form with all required documents.
- Implications: Missing the application deadline may result in your proposal not being considered.
Grant Summary:
FedDev Ontario offers non-repayable contributions ranging from $125,000 to $10 million to not-for-profit and community development organizations. The funding aims to support innovation, entrepreneurship, inclusive growth, and the transformation of local economies.
Grant Details:
FedDev Ontario provides financial support to not-for-profit and community development organizations that foster economic growth and innovation. The funding, ranging from $125,000 to $10 million per project, targets initiatives that contribute to a thriving innovation and entrepreneurship environment, sustainable economic growth, and the diversification of local economies.
The funding priorities include projects that focus on clean economic growth, growth companies, technology sectors, and industrial transitions. These projects aim to create sustainable and green jobs, accelerate innovation-led growth, and support the development of new sectors while ensuring opportunities for the future.
Inclusive growth and regional coverage are key principles, welcoming projects that promote opportunities for underrepresented groups and stimulate growth across various communities. While intake priorities may change, the overall goal is to drive economic development, foster innovation, and create a more sustainable future for all.
Organizations interested in applying for the FedDev Ontario grant should prepare their applications for the next scheduled intake period and can reach out to inquire about eligibility and project details at any time.
