Invest Ontario Fund (IOF)

Access Loans and Grants Up To $4M via IOF.

Invest Ontario is a provincial agency dedicated to securing private sector strategic business and capital investments that support economic development. Invest Ontario brings value to the province through their record of securing strategic investments and jobs for the province by ensuring new services and business supports are in place and available to investors. The key objective is to secure $3.9B in investments by 2025-2026 and create 3700 total new jobs in the province within targeted sectors.

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Invest Ontario Fund (IOF)

Amount of Funding

  • The IOF aims to secure $400M over 4 years.
  • There is no max funding ask.
  • Funding will be offered as a Loan and/or Conditional Grant Combination.
Amount of Funding from the Canadian Government

Invest Ontario Fund (IOF)

Eligible Applicants

The priority sectors for the IOF are:

  • Advanced Manufacturing
    • Advanced materials and chemicals
    • Automotive and Aerospace
  • Life Sciences
    • Biopharma and Vaccines
    • Digital Health and Analytics
    • Contract Development Manufacturing Organization
  • Technology
    • Computer and electronic product manufacturing
    • Software and IT services
    • Clean technology
Eligible Applicants for Canadian Government Funding

Invest Ontario Fund (IOF)

Eligible Activities

Eligible Activities include:

  • Advancing high growth opportunities across advanced manufacturing, life sciences and technology; and
  • Leveraging data to identify and prioritize investments that have the greatest economic impact for Ontario.

Key Project Deliverables:

  • Total project investment;
  • Current number of employees;
  • Job creation;
  • IP creation;
  • Partnerships as a result of the project;
  • Facility closures are not permitted; and
  • Sale of the business is not permitted.
Eligible Expenses for Canadian Government Funding

Invest Ontario Fund (IOF)

Program Deadline

  • The funding process can take 9 months – 1 year to complete.
  • Project cannot begin until the term sheet have been finalized.
Program Deadline for Canadian Government Funding
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Invest Ontario Fund (IOF)