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Innovation Initiatives Ontario North
Funds for innovation and commercialization projects
Helps small businesses and non-profits grow by covering half the costs of market expansion and product development. Provides up to $10,000 in funding.
Non-repayable funding (50% of eligible costs, up to $10,000) for projects promoting business growth, market expansion, product development, and productivity enhancement, critical for the development and commercialization of new innovations.
Business Size: small
Region: Nipissing, Timiskaming, Parry Sound, Muskoka
Revenue Range: From $0
Other Criteria: For-profit companies, Innovative, growth-oriented companies, Must meet IION’s innovation mandate (invented/refreshed a product, process or service; proprietary product/software/technology being commercialized; significantly refreshing a process through automation/robotics), Registered and operating in one of IION's service districts (Nipissing, Timiskaming, Parry Sound or Muskoka), Have a business model and strategy that validates forecasted sales and employment growth, Seeking assistance for developing, commercializing, or scaling an innovative product or process with potential to increase revenue and employment, Early-stage or pre-revenue businesses must have demonstrated real progress toward launching and growth, a strong business case supported by market research, and be developing a minimum viable product, Projects must demonstrate and create measurable results for the business and have the potential to create jobs and increase revenues, All project costs must be with a third-party contractor/vendor, Eligible for only one SFEP grant over the duration of the program (June 2024 to March 2027)
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Get referrals and market data for your SME
This program is available to small businesses located in Nipissing, Timiskaming, Parry Sound, Muskoka.
This program offers funding up to $10,000 (minimum $5,000).
The application deadline is March 31, 2026.
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