Closed
Source verified April 9, 2026
Triple-P
Funding for innovative productivity and process upgrades
Funding available
$ 2,500 - $ 10,000
Deadline
July 8, 2024
Opened January 1, 2024
Location
Ontario, Canada
Overview
This program provides up to $10,000 to offset up to 50% of eligible costs before tax. It supports equipment and software purchases for productivity, prototype, and process improvement projects tied to innovative commercial products, processes, or services.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Increase production or service capacity
- Develop a new product or service
Eligible Funding
- Maximum amount : 10,000 $
- Minimum amount : 2,500 $
- Up to 50% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Ontario
Legal structures
- Sole proprietorship
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Productivity improvement projects.
- Prototype development projects.
- Process improvement projects.
- Projects that increase efficiency, production capacity, competitiveness, or support new product or market development.
Official resources
Eligibility
Who is eligible?
- For-profit businesses.
- Sole proprietorships.
- Partnerships.
- Corporations.
- Innovative companies developing commercial products, processes, or services.
Who is not eligible
- Businesses operating as distributors, resellers, or wholesalers.
Eligible expenses
- Equipment purchases.
- Software purchases.
Ineligible Costs and Activities
- Ongoing operational costs.
- Costs incurred before the application is received.
Eligible geographic areas
- Nipissing
- Timiskaming
- Parry Sound
- Muskoka
Selection criteria
- Potential to create jobs, increase revenue, and grow the economy.
- Applications are reviewed through a monthly competitive process.
How to apply
- Step 1: Confirm project fit
- Review whether the project relates to productivity, prototype, or process improvements.
- Check that the business operates in an eligible district.
- Step 2: Contact IION before applying
- Applicants are strongly encouraged to contact IION before submitting an application.
- This helps clarify qualifying conditions and allows time for suggested revisions.
- Step 3: Submit the application by the monthly deadline
- Applications are accepted on a monthly competitive basis.
- The submission deadline is the last working day of each month.
- Applications must be received before project costs are incurred.
- Step 4: Complete reimbursement claim after approval
- Approved projects are reimbursed after final invoices and proof of payment are submitted.
- The project must be completed within 6 months or by the program deadline.
Processing and Agreement
- Applications are reviewed through a monthly competitive process.
- Projects are assessed after submission and a funding decision is made following review.
- Approved projects are reimbursed after final invoices and proof of payment are received.
- Reimbursement must be completed within 6 months or by the program deadline.
Additional information
- Applications are currently closed.
- Funding may be used again for separate, independent projects.
- The current application and claim must be completed before a new application is submitted.
Contacts
Frequently Asked Questions about the Triple-P Program
What is the Triple-P?
This program provides up to $10,000 to offset up to 50% of eligible costs before tax. It supports equipment and software purchases for productivity, prototype, and process improvement projects tied to innovative commercial products, processes, or services.
How much funding can be received?
Triple-P Funds up to 50% of admissible expenses, capped at $10,000 per project.
What is the deadline to apply?
The application deadline for this grant program was July 8, 2024.
Who is eligible for the Triple-P program?
To be eligible for the Triple-P program, you must:
For-profit business
Located in an eligible district
Innovation-related project
What expenses are eligible under Triple-P?
Productivity improvement projects.
Prototype development projects.
Process improvement projects.
Projects that increase efficiency, production capacity, competitiveness, or support new product or market development.
Who can I contact for more information about the Triple-P?
You can contact Innovation Initiatives Ontario North (IION) by email at [email protected] or by phone at 705-845-0616.
Where is the Triple-P available?
The Triple-P program is available the province of Ontario.