Unlocking Growth: FedDev Ontario Spring Intake Now Open

FedDev Ontario, a pivotal player in Southern Ontario’s economic landscape, has unveiled exciting opportunities for businesses and organizations seeking to scale up operations and drive innovation. Minister Filomena Tassi’s recent announcement introduced a revamped application process designed to simplify access to funding resources, marking a significant milestone in the agency’s mission to fuel growth and competitiveness in the region.

“FedDev Ontario wants to help people reach their potential and unlock new possibilities. The new application process will make it much easier and more streamlined for businesses and organizations to apply for funding. Over this past year, I’ve had the opportunity to meet with business owners, industry and community leaders who wanted an easier application process. We heard them and we are delivering. We will continue to invest in the people who are growing businesses across Ontario.”

The Honorable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.

Empowering Growth Through Strategic Investments

As one of Canada’s leading regional economic development agencies, FedDev Ontario has been instrumental in catalyzing growth, fostering innovation, and enhancing economic diversity across Southern Ontario. Collaborating closely with industry stakeholders, entrepreneurs, and community organizations, FedDev Ontario has consistently championed initiatives aimed at bolstering the region’s competitiveness on a global scale.

Funding Snapshot: FedDev Ontario

Funding Amount

Interest-free and unconditionally repayable support ranging from $125,000 up to $10 million, covering up to 50% of eligible project costs.

Applicant Eligibility

Open to businesses incorporated in Canada or Ontario, with a minimum of five employees and at least three years of operational history.

Project Eligibility

Funding supports a wide range of activities, including the development, commercialization, and production of innovative products, processes, and services; improvements in productivity, capacity, and competitiveness; and scaling up or expanding business lines to access new markets and customers.

Timeline

The program deadline for the Spring Intake is June 24th, 2024.

Introducing a User-Friendly Application Process

Minister Tassi’s initiative ushers in a new era of accessibility and efficiency in the funding application process. By accepting applications three times a year, FedDev Ontario ensures that aspiring entrepreneurs and community builders have ample opportunities to access the resources they need to realize their visions. This streamlined approach not only simplifies the application process but also ensures that funding remains readily available for initiatives driving business expansion and community economic development.

Unlock Your Potential with FedDev Ontario

Don’t miss this opportunity to accelerate your business growth and drive innovation. With FedDev Ontario’s support, you can chart a course towards success and unlock new possibilities for your business or organization. Book a free consultation with us today to learn whether your business projects are eligible under FedDev.

Our team can also help you explore more grant opportunities, specific to your industry and your projects. Did you know that you could receive up to 75% cost coverage? “Stacking” grants is a great way for your business to reach its maximum funding potential. Download our free resource to learn more.