How much funding can be received?

Funds up to 50% of admissible expenses, capped at $10000 per project.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Triple-P?

Triple-P is funded by Innovation Initiatives Ontario North

What are Triple-P's eligibility criterias?

The innovative applicant must be a for-profit entity, registered as a sole proprietor, partnership or corporation. The applicant must be registered, located, and operating in the districts of Nipissing, Timiskaming, Parry Sound, or Muskoka. Businesses operating as distributors, resellers, or wholesalers are not eligible.

Triple-P

Last Update: June 18, 2025

ON, Canada

Money for innovation initiatives in northern Ontario

Triple-P at a glance

Eligible Funding

Max. $10,000
Up to 50% of project cost

Timeline

Open Date : January 1, 2024
Closing date : July 8, 2024

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

Innovation Initiatives Ontario North

Status

Closed

Overview of the Triple-P program

Get a grant of $5,000, $7,500 or $10,000 to cover up to 50% of the costs of purchasing equipment or technology related to your innovative commercial product, process, or service in 1 of 3 categories: productivity, prototype, or process improvements.

Financing terms and conditions

Funding covers up to 50% of eligible project costs, before tax.
Grant amounts are structured by project size: $2,500 (minimum spend $5,000), $5,000 (minimum spend $10,000), $7,500 (minimum spend $15,000), or $10,000 (minimum spend $20,000).
Funding is provided as reimbursement upon receipt of final invoices and proof of payment, to be completed within a six-month timeframe or by the program’s deadline.

Eligible projects & activities

Implementation of projects to increase operational efficiency.
Initiatives aimed at expanding production capacity.
Activities focused on reducing waste within business processes.
Projects designed to develop new products or enter new markets.
Process improvements to strengthen overall business competitiveness.

Examples of admissible projects:

$ 9,000

Acquisition of industrial-grade sewing machines to boost garment production capacity and reduce waste

$ 10,000

Procurement of energy-efficient bakery ovens to reduce energy waste and improve production

$ 7,500

Implementation of CRM software to enhance client relationship management and market competitiveness

$ 10,000

Purchasing advanced 3D printers for prototype development and increased production efficiency

$ 10,000

Upgrading laboratory equipment for new product testing and development to reduce time-to-market

$ 10,000

Installation of automated packaging machines to enhance production speed and market expansion

Eligibility criteria of the Triple-P program

The applicant must be a for-profit entity registered as a sole proprietor, partnership, or corporation.
The company must be registered, located, and operating in the districts of Nipissing, Timiskaming, Parry Sound, or Muskoka.
The project must involve the purchase of equipment or software related to an innovative commercial product, process, or service.
Emphasis will be placed on companies that demonstrate potential to create jobs, increase revenue, and contribute to economic growth.

Who is eligible?

For-profit companies developing innovative commercial products, processes, or services
Businesses registered and operating in the districts of Nipissing, Timiskaming, Parry Sound, or Muskoka
Sole proprietorships, partnerships, or corporations

Who is not eligible

Businesses operating as distributors.
Companies whose main activity is reselling goods or products (resellers).
Businesses functioning primarily as wholesalers.

Eligible expenses

Costs for purchasing equipment directly related to the innovative commercial product, process, or service.
Expenses for acquiring software that supports innovation within the business.

Eligible geographic areas

Nipissing District
Timiskaming District
Parry Sound District
Muskoka District

Eligibility criteria of the Triple-P program

Potential of the project to create jobs.
Demonstrated ability to increase revenue.
Likelihood of contributing to economic growth.

How to apply to the Triple-P program

Initial Inquiry

Contact IION by calling Matthew at 705-845-0616 or by email at [email protected] to clarify program details and qualifying conditions.

Prepare Application

Gather and prepare necessary documentation including details of your project, expected outcomes, and financial information.
Ensure project costs comply with program criteria and minimum spend before tax is met for desired grant level.

Submit Application

Complete the application form provided by IION before incurring project costs.
Submit the application before the last working day of the month to be part of the monthly competitive review process.
Send your application to the designated contact at IION for review and adjustments, if necessary, before final submission.

Receive Feedback

Await feedback from IION, who may provide comments or suggested revisions to improve your application.

Reimbursement Process

Upon project approval and completion within a 6-month period, submit final invoices and proof of payment for reimbursement processing by IION.

Additional information

Applications are reviewed competitively each month, with a deadline on the last working day of the month.
Approved projects must be completed within a 6-month period or by the program's deadline.
Companies may use Triple-P funding multiple times for different independent projects.
Applications must be received prior to incurring any project-related costs.