NOHFC INVEST North Program
Receive up to $5,000,000 in Government Funding.
The NOHFC Invest North Program is provided by the Northern Ontario Heritage Corporation (NOHFC) and is intended to increase economic growth in Northern Ontario by inspiring businesses to invest in transformative business development opportunities in Northern communities. The program will support productivity, innovation, business competitiveness, revenue growth, export capacity development, and job creation and retention.
There are six streams offered through the INVEST North Program, each having its own specific criteria and eligibility factors.
Demande de Financement
Donnez à votre demande les meilleures chances d’être approuvée. Ryan a un taux d’approbation de 86 % pour tous les programmes de financement canadiens.
NOHFC INVEST North Program
Amount of Funding
Innovation Stream
A conditional contribution of up to 50% of total eligible costs to a maximum of $500,000 for R&D only projects and up to $2M for combined R&D and demonstration & commercialization projects.
Innovation – Industrial Research Chair Stream
Up to 50% of eligible costs to a maximum of $1M as a conditional contribution for the duration of the project.
Investments – Launch Stream
A conditional contribution of up to 50% of total eligible costs to a maximum of $200,000.
Investment – Grow Stream
Funding can be provided through three options:
- Conditional contribution only of up to 20% of total eligible costs to a maximum of $400,000.
- Conditional contribution of up to 20% of total eligible costs to a maximum of $400,000, plus a term loan of up to 30% of total eligible costs to a maximum of $600,000.
- Term loan only of up to 50% of total eligible costs to a maximum of $1M.
Investment – Locate Stream
A conditional contribution or a combination of a conditional contribution and term loan, on a case-by-case basis based on net economic benefit to Northern Ontario, to a maximum of $5M.
Regional Tile Drainage Stream
Conditional contribution up to 50% to a maximum of $1M, consisting of the following breakdown:
- 50% of tile drainage contractor costs to a maximum of $500 per acre, and
- 100% of the project management/admin fees which is calculated as 10% of the contactor costs to a maximum of $100 per acre.
NOHFC INVEST North Program
Eligible Applicants
Innovation Stream
Private sector businesses alone, or in partnership with a public sector academic or research institution.
Innovation – Industrial Research Chair Stream
Northern Ontario universities, colleges, and research institutions.
Investments – Launch Stream
Businesses starting-up operations in Northern Ontario.
Investment – Grow Stream
Businesses expanding operations in Northern Ontario.
Investment – Locate Stream
Businesses locating new business operations in Northern Ontario.
Regional Tile Drainage Stream
Not-for-profit, agricultural or community organizations that would, on behalf of an identified consortium, develop and administer a project to install tile drainage within a specific region.
NOHFC INVEST North Program
Eligible Activities
Innovation Stream
Applied research & development projects, and demonstration & commercialization of new and innovative technologies. Eligible costs include, but are not limited to: technical labour costs, prototyping costs, product testing, IP costs, and R&D services.
Innovation – Industrial Research Chair Stream
Must fit with the applicant institution’s strategic research plan, have a private sector partner, and be focused on business problem solving, and/ or working towards the commercialization of a product or process in Northern Ontario.
Investments – Launch Stream
Expenses related to starting-up operations in Northern Ontario, including capital construction, leasehold improvements, new or used equipment, land servicing costs, information & communication technology investments, marketing for new products and services (capped at 20%), and training costs incurred with third parties (capped at 20%).
Investment – Grow Stream
Expenses related to expanding operations in Northern Ontario, including capital construction, leasehold improvements, new or used equipment, land servicing costs, information & communication technology investments, marketing for new products and services (capped at 20%), and training costs incurred with third parties (capped at 20%).
Investment – Locate Stream
Expenses related to locating operations in Northern Ontario, including capital construction, leasehold improvements, new or used equipment, land servicing costs, information & communication technology investments, marketing for new products and services (capped at 20%), and training costs incurred with third parties (capped at 20%).
Regional Tile Drainage Stream
Land to be tiled can be in production or new acreage. Eligible expenses include tile drainage contractor costs and project management/administration fees.
NOHFC INVEST North Program
Program Deadline
Innovation Stream
Ongoing intake.
Innovation – Industrial Research Chair Stream
Ongoing intake.
Investments – Launch Stream
Ongoing intake.
Investment – Grow Stream
Currently closed.
Investment – Locate Stream
Ongoing intake.
Regional Tile Drainage Stream
Ongoing intake.
Demande de Financement
Nous permettons à nos clients de gagner en moyenne 95 % de temps par rapport aux entreprises qui font leur propre demande de financement.
NOHFC INVEST North Program News
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