INVEST North Program - Innovation Stream

The Innovation Stream supports the research, development, and commercialization of new and innovative technologies in Northern Ontario.
  • NOHFC
Overview of the INVEST North Program - Innovation Stream program:

NOHFC considers innovative technology projects based on the following definition: “the development or implementation of ideas to produce new or improved strategies, capabilities, products, services, or processes with a strong focus on ensuring to satisfy a market need or desire”. The program offers funding up to $500,000 for applied Research & Development and Demonstration & Commercialization Combined or Demonstration & Commercialization and many other projects.

Benefits of the INVEST North Program - Innovation Stream program:
  • Funding for Applied Research and Development projects
  • Conditional contribution of up to 50% of total eligible costs (max. $500,000).
  • Funding for Applied Research & Development and Demonstration & Commercialization
  • Combined or Demonstration & Commercialization projects
  • Conditional contribution of up to 50% of total eligible costs (max. $2 million).
Eligibility criteria of the INVEST North Program - Innovation Stream program:
  • Who is eligible:
  • Private-sector businesses alone, or in partnership with a public-sector academic or research institution.
  • Evaluation Criteria:
  • Innovation meets the NOHFCs definition of Innovation
  • Strength of the projects detailed business plan
  • Net economic benefits for Northern Ontario
  • Demonstrated market need and demand
  • Management capacity
  • Business financial position
  • Supply chain impacts
  • Level of Risk

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