How much funding can be received?

Funds up to 50% of admissible expenses.

What is the deadline to apply?

The program is accepting continuous intake

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

Q: What are Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations's eligibility criterias?

Applicants must be not-for-profit or community development organizations. The project must aim to create a thriving innovation and entrepreneurship environment, support economic growth, or assist new entrepreneurs. Projects should align with priorities such as clean economic growth, growth companies, technology advancement, or industrial transition.

Last Update: January 24, 2025

ON, Canada

Funds for Southern Ontario not-for-profit organizations helping businesses

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

Eligible Funding

Min. $125,000
Up to 50% of project cost

Timeline

Open Date : January 1, 2025
Closing date : March 31, 2025

Financing Type

Grant and Funding

Eligible Industries

Manufacturing
Information and cultural industries
Professional, scientific and technical services
Educational services
Health care and social assistance

Grant Providers

Government of Canada
Federal Economic Development Agency for Southern Ontario (FedDev)

Status

Closed

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

Apply for a non-repayable contribution, from $125,000 up to $10 million to assist businesses in southern Ontario to help them scale-up by commercializing new products and services, increasing productivity and talent attraction, becoming more globally comp

Financing terms and conditions

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.

Eligible projects & activities

This grant supports initiatives that create an innovative and entrepreneurial ecosystem, fostering both sustainable and inclusive economic growth. The eligible projects focus on multiple areas including clean economic growth, technology advancement, and industrial transition.

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.
Promoting clean economic growth and green jobs.
Accelerating business development and growth in cutting-edge sectors.
Supporting industrial transition through the adoption of new technologies.

Examples of admissible projects:

$ 650,000

Developing a new AI-driven supply chain optimization software for local manufacturers

$ 500,000

Creating a digital tourism platform to boost visitor engagement

$ 2,000,000

Developing a bioplastics manufacturing plant to reduce plastic waste

$ 1,200,000

Launching a green energy microgrid to power remote communities

$ 800,000

Building an inclusive co-working space for tech startups in downtown Toronto

$ 1,000,000

Implementing IoT technology in agriculture to increase efficiency

Eligibility criteria of the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations program

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?

Not-for-profit and community development organizations that:- Create a thriving innovation and entrepreneurship environment.- Foster inclusive and sustainable economic growth.- Support new entrepreneurs through mentorship and training.- Transform and diversify local economies.

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.

Eligibility criteria of the Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations program

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

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.

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.

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.

Additional information

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.