Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations

This grant provides non-repayable contributions to support projects aimed at fostering innovation and sustainable economic development. The financing structure is designed to accommodate a variety of projects that align with strategic priorities.

• Non-repayable contributions ranging from $125,000 up to $10 million per project.

Eligibility for this grant is determined by specific requirements focused on organizational type and project alignment.

• The applicant must be a not-for-profit or a community development organization.
• The project must create a thriving innovation and entrepreneurship environment.
• The project must foster inclusive and sustainable economic growth.
• The project must support new entrepreneurs through mentorship and training.
• The project must aim to transform and diversify local economies.

Who is eligible?

Eligible expenses

This grant supports projects that contribute to a thriving innovation and entrepreneurship environment and foster inclusive and sustainable economic growth. Eligible activities also include initiatives that transform and diversify local economies while focusing on advanced technology adoption and industrial transitions.

• Creating a thriving innovation and entrepreneurship environment.
• Fostering inclusive and sustainable economic growth.
• Supporting new entrepreneurs through mentorship and training.
• Transforming and diversifying local economies.

Eligible geographic areas

This grant is intended for not-for-profit and community development organizations in Southern Ontario, as specified by the funding body, FedDev Ontario.

• Organizations situated within the Southern Ontario region.

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

Additional relevant details for this grant:

• The application process is designed to be user-friendly, with support from FedDev Ontario to assist in certain stages.
• There is flexibility in project focus to cater to various economic needs, such as zero-emission technology and industrial transition.
• FedDev Ontario emphasizes the importance of inclusive projects that benefit underrepresented groups and communities across different regions.