Understanding the Benefits of the SOFII & Futurpreneur Programs for Business Loans
This article outlines how Canadian companies may benefit from business loans from the SOFII and Futurpreneur programs.
How to Qualify for SOFII Small Business Loans Ontario
The Southern Ontario Fund for Investment in Innovation (SOFII) provides Ontario government loans to help innovative businesses scale-up.
Southern Ontario Fund for Investment in Innovation (SOFII): Small Business Loans
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…
How does the Crowdfunding Revolution Impact Your Small Business?
With the popularization of crowdfunding (public platforms where entrepreneurs can pitch their ideas in hopes of gaining financial support), the Canadian government and various Provincial governments have begun to weigh in on the implications for early-stage businesses. In this article I hope to offer some insight into the recent changes to Canadian law as well…
Canadian Government Renews Investment in SOFII Southern Ontario Business Loans
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) Minister of State Gary Goodyear was in his hometown of Cambridge, Ontario earlier this week (March 18, 2014) to announce top-ups of two funds that deliver the Southern Ontario Fund for Investment in Innovation Program (SOFII). The investment allotted funds amounting to $8 million to…
Ontario Business Loans Available to SMEs in Late-Stage Commercialization Phase
The late-stage commercialization stage is both an exciting and stressful time for any company; as final steps are taken to finally bring a new product to market. While your feelings at this point can likely be described as a mix of joy and relief considering you have made it this far and have decided to…
Top Canadian Government Grants & Loans for Software Developers
Update: The National Research Council (NRC) now offers project-based funding through a single Industrial Research Assistance Program (IRAP). Please visit the NRC-IRAP Research Project Contributions page for more information. When it comes to funding sources for software development businesses, there is rarely a one-size-fits-all solution, but there are alternatives to relying too heavily on venture…
Small Business Loans Ontario Update: SOFII Unsecured & Secured Loans
The Southern Ontario Fund for Investment in Innovation (SOFII) is a $20M program funded by FedDev Ontario. Mentor Works has profiled this SOFII small business loans Ontario frequently over the past several months but continue to receive queries from business owners that grapple with the decision of whether or not to apply for this Ontario…
Small Business Loans Ontario: CSBFP and BDC Financing
Program Update: Read the latest CSBFP overview blog for additional insight into the program. The Canada Small Business Financing Program (CSBFP) assists small businesses in acquiring loans from financial institutions. In CSBFP, the Government of Canada shares the risk of loans with lenders, making it easier for small businesses to be approved. This program has…
SOFII Government Funding for Investment in Innovation Release
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…