Government Grants Ontario for Angel Networks: Details
Funding Amount: Grant to a maximum of $500,000 for up to 100% of project costs.
Program Priorities: Preference may be given to certain priority sectors or projects that diversify a regional economy.
Timeline: Open Now, Continuous Intake; Funding becomes available April 1st, 2014.
Investing in Business Innovation for Angel Networks: Eligible Organizations
Incorporated not-for-profit network organizations representing angel investors in southern Ontario and located in southern Ontario are eligible for funding through this IBI government grants Ontario program.
IBI Ontario Government Grants: Eligible Projects
Investing in Business Innovation will consider projects that attract more investment and increase the efficiency and effectiveness of investment in innovative, high-growth potential start-up businesses.
Investing in Business Innovation for Angel Networks -Project Examples:
- Outreach;
- Building capacity;
- Providing mentorship;
- Education and resource development; and
- Coordination and convening.
Note: Innovations that are targeted primarily at retail consumer markets will not be considered under this initiative
Investing in Business Innovation: Eligible & Ineligible Costs
Costs for labour, expertise, and other non-capital costs will be eligible for coverage through this government grants Ontario program.
The following costs are ineligible for funding through IBI:
- Any costs determined not reasonable and/or not directly related to the eligible project activities;
- Costs incurred prior to the eligibility date as defined in the FedDev Ontario Contribution Agreement;
- Any cost incurred after December 31, 2018;
- Any cost that is ineligible under the Agency’s terms and conditions and program policies;
- Capital costs.
Learn More about FedDev Government Grants and Loans for Large Projects
Mentor Works offers free informational webinars for established small to mid-sized businesses interested in learning more about government funding for large projects funded by FedDev. Learn more about Mentor Works’ FedDev Webinars and register today.