Who is Eligible for these government grants for small business?
Firms eligible for Canadian government funding will have been incorporated for 2 years, have a minimum of 15 employees (up to a maximum of 1000 employees), and have a manufacturing operation in Ontario. It is also worth noting that it is not necessary to be a member of Canadian Manufacturers & Exporters (CME) to be eligible for small business grants. Companies predominantly engaged in trading, exporting, or distribution are not eligible.
Additional Business Grants Ontario Details:
- Amount: Projects selected for government funding for business will receive 33.3% of eligible project costs, up to a maximum of $75,000.
- Funding for small business is only available for one project per corporation.
- Time line: The application window is open now until March 31, 2013 or until all $18.9M of funding is allocated. Project must be completed by September 30, 2013.
- SMART will only consider granting Canadian government funding to applicants whose projects did NOT start before October 31st, 2011 and have less than 50% incurred costs at date of application submission.
- Companies previously supported through this program are eligible, however, cumulative program funding between previous SMART programs and new Prosperity Now cannot exceed $100,000
Ontario Business Grants Eligible Costs
This Canadian government grants can go towards the following costs:
- External prototyping
- Patent searches/filing
- Capital investments that will support the export market
- External quality testing
- Certifications for facility
Additionally, this government funding for business can go towards the following marketing project costs:
- External website development for new export markets
- External consultant studies related to an export market (market feasibility studies, marketing plans, focus groups, test marketing)
- Trades show specific advertising
- Trade show registration
Further Business Funding Grants Support
Those interested in business grants Ontario opportunities should contact a Mentor Works Canadian Government Funding Expert. For current updates on the type of government funding mechanisms available to your business, please sign up for a Free 60 Minute Workshop on Government Funding. Also, please sign up for our Government Funding Weekly E-Newsletter for up to date information on federal and provincial government funding programs.