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Government of Ontario
Support for advanced manufacturing Ontario SMEs
Helps advanced manufacturing companies in Ontario pay for new equipment, adopt technology, and develop skills. Provides financial assistance and support for these needs.
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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This program is available to small, medium businesses in advanced manufacturing, aerospace, automotive industries located in Ontario.
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The application deadline is September 23, 2026.
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