To accelerate the growth of innovative small and medium sized businesses in Ontario, the federal government offers a variety of funding programs to help offset scale-up costs. Ontario small business loans help businesses address organizational challenges, create new job opportunities, and increase the company’s capabilities. The Southern Ontario Fund for Investment in Innovation (SOFII) program…
Ontario-based interactive digital media companies have many options when it comes to accessing government funding for software production projects. In addition to federal grants and incentives, the Ontario Creates (formerly OMDC) also offers provincial funding programs to extend support for innovative software development and commercialization projects. These include digital media grants and tax credits designed…
In September 2017, the Government of Canada announced it would be supporting innovative Naval LED Lighting Solution fixtures designed for navy vessels. Marine Industrial Lighting Systems Ltd. has been awarded a $1M contract to replace traditional fluorescent lights on combat navy vessels with new LED fixtures. The investment will help make marine vessels conserve more…
In August, the Government of Ontario announced it would provide up to $311,200 in small business grants to help Kawartha Dairy expand its facility in Bobcaygeon, Ontario. The investment will support a 54,000 sq. ft. expansion that will allow the company to develop new product lines and explore new export markets. These upgrades will allow…
The Government of Canada has officially released its ‘short list’ of innovation consortiums to potentially receive funding through the Innovation Superclusters Initiative (ISI). Currently, nine research and innovation partnerships have been announced and will move onto the second stage of funding applications. Up to five of these groups will access Canadian government funding through the…
The Mitacs Accelerate Ph.D. Fellowships grant is a small business funding program that provides companies with access to a Ph.D. fellow for up to three years. This program is designed to assist small businesses in Canada meet technical and research challenges through partnership with academia. Research fellows are assigned to the project for three years…
The Government of Ontario has awarded over $400,000 in small business grants to TimeHero Inc. The investment will allow the company to develop an innovative scheduling app to help other businesses manage their time and become more efficient. The contribution will be provided through the Northern Ontario Heritage Fund Corporation (NOHFC), which supports economic development…
The Strategic Innovation Fund (SIF) is a Canadian government funding program that provides support for technology development and productivity-boosting projects. It promotes large-scale investments in Canada, while also encouraging technology transfer and development/commercialization of disruptive products and services. The Strategic Innovation Fund reduces eligible project costs by up to 50%; this helps businesses improve productivity…
The Government of Ontario recently awarded over $3 million in business expansion grants to support 10 growth and development projects within the Windsor-Essex region. The investment will help 10 local manufacturers offset large-scale capital investments that will allow the companies to increase capacity, improve productivity, and boost competitiveness. The contribution be provided through the Southwestern…
The Government of Canada has awarded $11.5 million in Canadian government grants to support 6 manufacturers to accelerate the development of new automotive technologies. The investment will help each Ontario automotive supplier develop innovative technologies to be used in hybrid and electric vehicles. Each project will help address climate change concerns by creating technologies that…