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Triple-P
ON, Canada
Money for innovation initiatives in northern Ontario
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
- grant_single|closingDateOctober 29, 2023
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Innovation Initiatives Ontario North
grant_single|status
grant_card_status|closed
grant_single_labels|preview
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.
grant_single_labels|terms_and_conditions
The Triple-P Program offers strategic financial support to businesses aiming to enhance their productivity through innovative projects. Funding modalities are structured to provide cost-sharing mechanisms aimed at reducing the financial burden on participating companies.
- Up to 50% of eligible project costs covered by the grant, exclusive of taxes.
- Funding available across four distinct levels, each corresponding to a minimum required project expense, with grants ranging from $2,500 to $10,000.
- Reimbursement upon receipt of final invoices and proof of payment, to be completed within six months or by the program’s deadline.
- Eligible companies can apply multiple times for separate projects, adhering to the completion of the current project claim before applying again.
grant_single_labels|projects
The Triple-P grant supports projects aimed at enhancing business operations through acquisition of new equipment or software. These projects should focus on productivity, prototype, or process improvements.
- Projects that aim to increase efficiency within the business operations.
- Initiatives to add production capacity to meet customer demand.
- Efforts to reduce waste in production processes and enhance sustainability.
- Activities designed to strengthen competitiveness in the market.
- Participation in endeavors to enter new geographic or product markets.
- Initiatives focused on new product development to expand offerings.
grant_single|admissibleProjectsExample
$ 9,000
Acquisition of industrial-grade sewing machines to boost garment production capacity and reduce waste
$ 7,500
Implementation of CRM software to enhance client relationship management and market competitiveness
$ 10,000
Procurement of energy-efficient bakery ovens to reduce energy waste and improve production
$ 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
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and operational location.
- 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.
grant_eligibility_criteria|who_can_apply
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
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.
- Businesses operating as distributors, resellers, or wholesalers.
- Companies not registered, located, and operating in the districts of Nipissing, Timiskaming, Parry Sound, or Muskoka.
grant_eligibility_criteria|eligible_expenses
The Triple-P Program supports for-profit businesses in acquiring equipment or software that enhances innovative commercial products, processes, or services. Eligible projects focus on various outcomes including efficiency, production capacity, waste reduction, and competitiveness enhancements.
- Projects aimed at increasing operational efficiency.
- Initiatives to expand production capacity.
- Efforts to reduce waste within company operations.
- Activities enhancing the competitiveness of products or services.
- Projects facilitating entry into new geographic or product markets.
- Development of new products to drive innovation.
grant_eligibility_criteria|zone
This grant is available to companies located in specific geographical areas determined by the funding body. The eligible locations are targeted to ensure alignment with regional development goals.
- Nipissing
- Timiskaming
- Parry Sound
- Muskoka
grant_single_labels|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
grant_single_labels|register
Here are the steps to apply and submit an application for the Triple-P grant:
- Step 1: Initial Inquiry
- Contact IION by calling Matthew at 705-845-0616 or by email at [email protected] to clarify program details and qualifying conditions.
- Step 2: 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.
- Step 3: 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.
- Step 4: Receive Feedback
- Await feedback from IION, who may provide comments or suggested revisions to improve your application.
- Step 5: Reimbursement Process
- Upon project approval and completion within a 6-month period, submit final invoices and proof of payment for reimbursement processing by IION.
grant_single_labels|otherInfo
Below is extra important information for this grant:
- Applications must be received before any costs related to the project are incurred.
- Reimbursement is contingent upon the submission of a final invoice and proof of payment within a six-month period post-approval.
- Projects must be independent and distinct to qualify for successive funding if a company applies multiple times.
- The program is intended to spur economic development with an emphasis on job creation and revenue growth.
