Triple-P
At a glance
- Max. $10,000
- 50% of project cost
- Open Date : November 14, 2019
- Closing date : October 29, 2023
- All industries
- Innovation Initiatives Ontario North
Overview
Eligibility criteria
The eligibility criteria for this grant are as follows:
- 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.
- The program is not intended to support businesses operating as distributors, resellers, or wholesalers.
- Emphasis will be placed on applicants who demonstrate job creation, revenue increase, and economic growth potential.
- Ongoing operational project costs are not eligible.
Who is eligible
Eligible companies for the Triple-P Program grant must be for-profit entities registered as sole proprietors, partnerships, or corporations and located in the districts of Nipissing, Timiskaming, Parry Sound, or Muskoka. The program does not support businesses operating as distributors, resellers, or wholesalers.
- For-profit entities
- Registered as sole proprietors, partnerships, or corporations
- Located in Nipissing, Timiskaming, Parry Sound, or Muskoka
- Not operating as distributors, resellers, or wholesalers
Who is not eligible
Only for-profit entities registered as sole proprietors, partnerships, or corporations are eligible for the Triple-P grant. The grant is not intended to support businesses operating as distributors, resellers, or wholesalers.
- Distributors
- Resellers
- Wholesalers
Eligible expenses
Yes, eligible expenses for this grant include purchasing equipment or software related to the innovative commercial product, process, or service. The expenses can cover costs related to increasing efficiency, adding production capacity, reducing waste, strengthening competitiveness, entering new markets, and new product development.
- Purchasing equipment
- Purchasing software
- Increasing efficiency
- Adding production capacity
- Reducing waste
- Strengthening competitiveness
- Entering new markets
- New product development
Eligible projects & activities
The Triple-P Program supports projects related to innovative commercial products, processes, or services that can lead to increased efficiency, production capacity, waste reduction, competitiveness, market expansion, or new product development.
- Increased efficiency
- Added production capacity
- Reduced waste
- Strengthened competitiveness
- Entered new geographic or product markets
- New product development
Eligible geographic areas
The eligible geographic areas for this grant are Nipissing, Timiskaming, Parry Sound, and Muskoka.
- Nipissing
- Timiskaming
- Parry Sound
- Muskoka
Evaluation & selection criteria
There are evaluation and selection criteria for this grant:
- Applicant must be a for-profit entity registered as a sole proprietor, partnership, or corporation
- Applicant must be located and operating in the districts of Nipissing, Timiskaming, Parry Sound, or Muskoka
- Emphasis on job creation, revenue increase, and economic growth
- Projects must fall under the categories of Productivity, Prototype, or Process improvements
How to apply
- Contact IION prior to applying for clarity on the program and its qualifying conditions.
- Reach out to Matthew at 705-845-0616 or via email at [email protected]
Triple-P Program Grant Summary
The Triple-P Program offers grants to for-profit entities in select districts to offset the costs of purchasing equipment or software for innovative projects in the areas of productivity, prototype, and process improvements.
Triple-P Program Grant Details
The Triple-P Program aims to boost economic development by providing financial support for companies in Nipissing, Timiskaming, Parry Sound, or Muskoka. Eligible businesses can receive grants at varying levels based on their project spend, with a focus on job creation and revenue growth. Applications are reviewed monthly, and approved projects must be completed within a 6-month timeframe. Companies can apply for multiple projects but must follow specific guidelines. For more information or to apply, contact IION to navigate the program requirements and benefits.
