The Southern Ontario Fund for Investment in Innovation (SOFII), a Canadian government funding program, was first showcased in a blog in early July 2012. FedDev Ontario announced that this $20M investment, funded by their Prosperity Initiative, would support SME’s across Southern Ontario. The Canadian Government Funding program is divided into two regional areas with involvement…
Canadian SMEs are paramount to Canada’s economic performance as they employ over half the nation’s workforce and make significant contributions to Canada’s GDP. Innovation is critical to the growth of Canadian SMEs, allowing them to create high-value job opportunities and shape a prosperous economic future in any community. With these realizations, FedDev Ontario has recently…
The Southern Ontario Fund for Investment in Innovation (SOFII) is a new Canadian government funding program that was released yesterday. FedDev Ontario announced that this $20M investment funded by their Prosperity Initiative would support SME’s across Southern Ontario. There was a strong realization that innovation is critical to creating high-value job opportunities and creating a…
Over the past decade, a large number of successful software development and technology firms have originated in the Southwestern Ontario Region. These success stories have sparked the imaginations and interests of hundreds of young and talented entrepreneurs within the region. These individuals have identified a problem along with an innovative solution; they now require the…
The Community Futures Development Corporations (CFDC) is a non-profit group that supports innovative entrepreneurs and small businesses by providing low interest loans for their expansion projects. CFDC receives Canadian Government grants from FedDev to support to SMEs in rural Ontario. They focus their funds to specific rural areas by creating programs to improve and diversify…
The Community Futures Development Corporations (CFDC) in Ontario is a program, funded by the Government of Canada (often by FedDev) to help SME’s in rural Ontario to expand and stabilize their business in order to maintain or create jobs. The CFDC has established itself as a popular and successful funding program, with over 170 success…
Are you looking for help financing your business, but having difficulty covering the expenses through conventional financing channels? There are several regional funding resources at your disposal to aid your business. These development programs aim to help businesses and create jobs to help the local economy. We, here at Mentor Works, have outlined a few…