Several Canadian Government funding organizations exist to help various business sectors, such as the previously mentioned FedDev Ontario, that supports Southern Ontarios economy. Another organization available to help small businesses is FedNor, which provides Canadian funding for business sectors in Northern Ontario. The Northern Ontario Development Program provides small business funding grants for the adoption and commercialization of new technologies.
FedNors Northern Ontario Development Program serves three priorities:
1. Community Economic Development
The Northern Ontario Development Program supports communities efforts to plan and mobilize their resources. Thus, the accepted projects should strengthen community economic competitiveness and enhance collaboration among stakeholders to achieve short to intermediate goals.
Is Your Business Eligible?
- Not-for-profit organizations in Northern Ontario
- Municipalities, organizations and First Nations in Northern Ontario
2. Business Growth and Competitiveness
The Federal Economic Development Initiative for Northern Ontarios investments in business growth and competitiveness will enhance productivity, competitiveness and business management capacity. The eligible projects should improve trade and export performance, enhance the level of investment from outside the region and diversify traditional industries and emerging sectors.
Is Your Business Eligible?
- Not-for-profit organizations in Northern Ontario
- Municipalities, organizations and First Nations in Northern Ontario
- Small- to- medium sized businesses with less than 500 employees seeking youth internships in Northern Ontario
3. Innovation
Lastly, accepted projects should strengthen new alliances between businesses and research institutions, increase the number of businesses in Northern Ontario working towards adopting innovative processes and increase the number of value-added products, processes or services.
Is Your Business Eligible?
- Not-for-profit organizations in Northern Ontario
- Municipalities, organizations and First Nations in Northern Ontario
- Small- to- medium sized businesses with less than 500 employees seeking youth internships in Northern Ontario, including corporations, partnerships, cooperatives, trusts or proprietorships
Ontario Government Funding Support
Please visit the Northern Ontario Development Program for more details on the program. To receive additional support, contact one of our Funding for Small Business Experts or sign up for a Free 60 Minute Canadian Government Funding Workshop. To receive regular updates on the latest Canadian business funding articles, sign up for our Weekly E-Newsletter or follow us on Twitter.