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Government of Canada, Federal Economic Development Agency for Southern Ontario
Repayable contribution for SMEs in Southern Ontario
Helps businesses develop and sell new products or services, improve their operations, and grow. Provides interest-free loans from $125,000 to $10 million.
Interest-free, unconditionally repayable contribution funding for projects that support business growth, innovation, and productivity in Southern Ontario. Funding supports activities like process improvements, technology adoption, clean technologies, production efficiency, business management capacity, and leveraging private capital.
Business Size: small, medium
Industries: technology, manufacturing
Region: Southern Ontario
Demographics: Indigenous
Other Criteria: Growing and established businesses, Co-operatives, For-profit entities, Located and operating in Southern Ontario at the time of application, Incorporated and registered to do business in Canada or Ontario for at least the past 3 years, Minimum of 5 full-time employees and no more than 500 FTEs, Project activities/costs cannot begin before the application submission date, Only one application can be submitted at a time per business, New applications must be distinct and separate if an active project with FedDev Ontario exists, Ability to repay the contribution, Compliance with applicable legislation and regulatory requirements (e.g., Lobbying Act, Impact Assessment Act 2019, duty to consult with Indigenous Groups), Project proposals must create broad and long-term economic benefits for southern Ontario
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This program is available to small, medium businesses in technology, manufacturing industries located in Southern Ontario.
This program offers funding up to $10,000,000 (minimum $125,000).
Check the official program website for current deadlines.
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