Funding for businesses in southern Ontario

Overview of the Funding for businesses in southern Ontario program:

FedDev Ontario is investing in people, potential, and possibilities. We want to help you grow so you can reach your potential and unlock new possibilities. We have an easy-to-use application process and are here to answer your questions. You do not need to sort through our programs to apply for funding. Leave that part to us.

Benefits of the Funding for businesses in southern Ontario program:

• No-interest, repayable contributions from $125,000 up to $10 million per project for incorporated businesses that:
• Develop, commercialize or produce innovative products, processes and services
• Improve productivity, capacity and competitiveness
• Scale-up and expand to develop new business opportunities, enter new markets, or reach new customers
• Focus on one or more of our fall 2023 intake priorities:
• Clean economic growth - projects that support the greening of the economy, that can contribute to emissions reductions, and that create sustainable and green jobs
• Growth companies - projects that accelerate innovation-led growth
• Technology - projects led by high-potential firms in cutting-edge sectors (e.g., artificial intelligence, life sciences and digital technologies)
• Industrial transition - projects that support change in traditional sectors, develop new sectors and ensure there are opportunities for years to come
• Inclusive growth and regional coverage are cross-cutting investment principles. FedDev Ontario wants to help you grow your business. We welcome projects that create new opportunities for underrepresented groups and promote growth across urban centres and small and rural communities alike.

Eligibility criteria of the Funding for businesses in southern Ontario program:

• Growing and established businesses, co-operatives and Indigenous (First Nations, Metis and Inuit Peoples) businesses located or expanding in southern Ontario that:
• Are for-profit entities
• Are incorporated in Canada or Ontario
• Have a minimum of 5 full-time employees
• Have at least 3 years of business operations