Receive services for your technology startup or as an entrepreneur to develop your idea into an operating business through one-on-one guidance, market intelligence, networking and access to capital.

At a glance

Funding available

Financing goals

Integrate new technologies

Strengthening governance

Develop strategic partnerships

Eligible Funding

No Condition

Timeline

Open Date : January 17, 2023

Eligible candidates

Eligible Industries

All industries

Location

Ontario

Legal structures

For-profit business

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

All groups

Activities funded

Examples of admissible projects:

$ 176,000

Implementation of a smart irrigation system to improve agricultural sustainability

$ 144,000

Community program to improve educational outcomes in underprivileged areas of Vancouver

$ 200,000

Research on renewable energy sources to enhance sustainability

$ 160,000

Improvement of healthcare access in rural communities through telemedicine

$ 120,000

Development of sustainable waste management solutions and educational programs

$ 104,000

Preservation of indigenous cultural heritage through digital archiving

Eligibility

To be eligible for this grant, companies must meet the following criteria:

The company must be registered and operating within Canada.
The company must be a small or medium-sized enterprise (SME) as defined by the relevant Canadian economic regulations.
The proposed project or initiative must clearly contribute to economic growth or innovation.
The company must demonstrate a need for financial support to complete the project successfully.
Previous recipients of the grant must have fulfilled all reporting and project completion requirements for past funding.
The company must adhere to all federal, provincial, and local regulations, including those related to employment and environmental standards.

Who is not eligible

There are certain types of companies that are not eligible for this grant:

Companies involved in illegal activities
Companies not registered in the specified region

Eligible expenses

Eligible expenses for this grant include:

Research materials and supplies
Travel and accommodation for conferences
Publication fees
Equipment essential for the research project

Eligible geographic areas

This grant is available to companies which are part of a designated innovation zone as defined by the funding body. Eligible geographical locations are chosen to foster innovation and economic development within these specific areas.

Companies operating within designated innovation zones across Ontario.
Businesses located in Alberta's economic revitalization regions.
Organizations based in Quebec's tech development territories.

Selection criteria

There are evaluation and selection criteria for this grant. The evaluation and selection criteria are as follows:

Relevance of the project to the grant objectives
Creativity and innovation of the proposed project
Feasibility of project implementation
Impact and sustainability of the project outcomes
Budget justification and cost-effectiveness

How to apply

Preliminary Registration

Create an account on the funding body's portal.
Provide basic organization details to register your interest.

Prepare Application

Draft a detailed project proposal including objectives and expected outcomes.
Compile supporting documents such as budgets, timelines, and letters of support.

Submit Application

Log into the funding body’s portal to upload all required documents.
Complete the online application form and review for accuracy.
Submit the application before the deadline.

Confirmation of Submission

Receive an automated confirmation email with your application number.
Retain the confirmation for your records.

Additional information

Here are additional relevant details for this grant:

Successful applicants may be required to participate in post-grant follow-up activities to assess the long-term impacts of their projects.
Grants are subject to audit by funding authorities to ensure compliance with project objectives and financial integrity.
Collaborative projects involving multiple stakeholders are encouraged and may receive preferential consideration.

Documents and links

Venture Growth & Corporate Innovation

Apply to this program

Frequently Asked Questions about the Venture Growth & Corporate Innovation Program

Here are answers to the most common questions about the Venture Growth & Corporate Innovation. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.