Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations
At a glance
- Min. $125,000
- Up to 50% of project cost
- Open Date : January 1, 2025
- Closing date : March 31, 2025
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services
- Health care and social assistance
Overview
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.
Activities funded
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.
Eligibility
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.
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
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.