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Government of Ontario
Support for advanced manufacturing Ontario SMEs
Financial support, including loans (up to $5 million) and grants (up to $1.5 million), along with advisory services, to help advanced manufacturing companies invest in technology, equipment, or skills. Funding is up to 15% of eligible project costs. Projects must create jobs, foster innovation, improve competitiveness, and lead to business growth. Loan forgiveness up to 30% (max $500,000) may be available for achieving targets.
Business Size: small, medium
Industries: advanced manufacturing, aerospace, automotive, chemical, information and communications technology (ICT), life sciences, steel
Region: Ontario
Other Criteria: incorporated for-profit business, not sole proprietorships or start-ups, minimum 3 years of substantive operations/financial statements, employ at least 10 people, commit to creating at least five new jobs and/or upskilled current jobs, invest at least $500,000 in their project, be located in, or plan to locate in, a community in Ontario, project will be completed in 3-4 years, projects that invest in technology, equipment or skills to improve competitiveness
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“Saved me several hours of research”
— New Business Owner, Vancouver
Ontario Vehicle Innovation Network (OVIN)
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This program is available to small, medium businesses in advanced manufacturing, aerospace, automotive industries located in Ontario.
This program offers funding up to $5,000,000 (minimum $75,000).
The application deadline is September 23, 2026.
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“Saved me several hours of research” — New Business Owner, Vancouver