grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Community Futures Eastern Ontario (CFEO)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Access interest-bearing loans between $150,000 and $500,000 to support the scale-up of your high-growth, innovative SME.

grant_single_labels|projects

This loan initiative is aimed at fostering growth in SMEs located in various rural communities in southeastern Ontario. Companies in these identified regions can apply for the program to aid their expansion and development projects.
  • South Lake
  • Kawartha Lakes
  • Haliburton
  • Greater Peterborough
  • Northumberland
  • N&C Hastings & South Algonquin
  • Trenval
  • Prince Edward/Lennox & Addington
  • Renfrew
  • Frontenac
  • Valley Heartland
  • 1000 Islands
  • Grenville
  • Prescott-Russell
  • Cornwall & the Counties
grant_single|admissibleProjectsExample

$400,000

Calgary
Commercialize a new digital health platform for remote patient monitoring

$320,000

Edmonton
Expand a social enterprise to provide job training for at-risk youth

$390,000

Montreal
Improve manufacturing productivity by implementing advanced robotics systems

$450,000

Toronto
Develop a new AI-driven cybersecurity software for small and medium businesses

$500,000

Ottawa
Develop an innovative battery technology for zero-emission vehicles

$350,000

Vancouver
Expand organic food production to meet increasing market demand

grant_single_labels|admissibility

Eligibility for the SOFII loan program is determined by specific criteria related to the applicant's size, location, and growth potential.
  • The applicant must be a high-growth, innovative Small or Medium-sized Enterprise (SME).
  • The SME must be located in rural or urban communities in Southern Ontario.
  • The enterprise should be involved in late-stage commercialization, new product or service development, new applications or markets, or development/implementation of new processes or technologies.

grant_eligibility_criteria|who_can_apply

The Southern Ontario Fund for Investment in Innovation (SOFII) loan program targets high-growth, innovative Small and Medium-sized Enterprises (SMEs) located in both rural and urban communities across southeastern Ontario. Specifically, both late-stage commercialization projects and new product or service developments are supported under this program, making it ideal for companies looking to expand or innovate their offerings.

grant_eligibility_criteria|eligible_expenses

The Southern Ontario Fund for Investment in Innovation (SOFII) supports high-growth SMEs in rural and urban communities by offering loans to boost innovation and expansion. Eligible projects for this funding focus on various stages of development and technology enhancement in businesses.
  • Late stage commercialization of products or services.
  • Development of new products or services.
  • Exploration of new applications or markets for existing products.
  • Development or implementation of new processes or technologies.

grant_eligibility_criteria|zone

The SOFII program's eligible expenses include costs related to furthering innovation and growth within SMEs in Southern Ontario.
  • Late stage commercialization expenses.
  • Costs for new product or service development.
  • Expenses for exploring new applications or markets.
  • Investments in the development or implementation of new processes or technologies.

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for this grant.
  • Focus on clean economic growth projects that support the greening of the economy, contribute to emissions reductions, and create sustainable and green jobs.
  • Projects that accelerate business development and growth of companies.
  • Projects in cutting-edge technology sectors such as artificial intelligence, cybersecurity, medical technologies, digital health, and agri-tech.
  • Industrial transition projects that support changes in traditional sectors to adopt new technologies and innovations for improved competitiveness and new opportunities.
  • Priority may be given to projects supporting the transition to zero-emission vehicles and housing manufacturing innovation.

grant_single_labels|register

Here are the steps to submit an application for this grant:
  • Step 1: Complete Statement of Interest
    • Access the online platform through the provided link to complete the statement of interest form.
    • Enter all required preliminary information about your SME and its innovative project.
  • Step 2: Gather Necessary Documents
    • Prepare a comprehensive business plan outlining your project details, objectives, and anticipated outcomes.
    • Gather financial statements, projections, and any supporting documentation required by SOFII.
  • Step 3: Prepare Application
    • Compile all necessary information and documents into a complete application package.
    • Ensure compliance with all guidelines and criteria outlined by SOFII.
  • Step 4: Contact SOFII Regional Office
    • Reach out to the SOFII regional office in your area for specific guidance on submitting your application.
    • Ask for any region-specific requirements or additional steps necessary for submission.
  • Step 5: Submit Application
    • Finalize your application documents following the instructions from the SOFII guidelines.
    • Submit the application either electronically or through the method prescribed by your regional office.
  • Step 6: Confirmation and Follow-up
    • Receive confirmation from the SOFII office acknowledging receipt of your application.
    • Monitor communications for any requests for additional information or clarification.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The SOFII program operates as an interest-bearing loan fund rather than a non-repayable grant.
  • The loans are structured to be repayable at any time without penalties, offering flexibility to businesses.
  • The SOFII Rural initiative offers special incentive terms to rural communities within southeastern Ontario to encourage economic growth.

grant_single_labels|documents

Southern Ontario Fund for Investment in Innovation

Apply to this program