We understand the challenges you face in the agri-food sector, especially when it comes to keeping up with innovation and technology. This program is tailored for businesses like yours in Ontario, providing up to $100,000 in grants to support the purchase of new or modified equipment. The best part? This is grant funding, so you won’t need to worry about repaying any loans.

Applying for this program can help you enhance your production, improve food safety, and increase energy efficiency. These investments can significantly boost your productivity and help you stay competitive in the marketplace. Moreover, with no minimum or maximum revenue requirements, it's designed to be accessible for all kinds of businesses.

In short, this initiative is an excellent opportunity to drive growth and innovation in your operations without the financial burden of loans. By taking part, you're setting your business up for success, allowing you to focus on what you do best.

Type of Financing

This program offers grant funding. This means you do not have to pay the money back, which is a great advantage for your business.

Repayment Terms and Fees

Since it's a grant, there are no repayment terms or interest rates involved. As for fees, there are no hidden costs associated with this program, allowing you to keep more of your funding for the intended use.

Eligible Expenses

You can use these funds to deploy or modify new or commercially available innovative equipment, technology, or machinery for production or manufacturing. However, funds cannot be used for routine operational costs, salaries, or any expenses unrelated to the specific project objectives.

This program is designed to support your growth and innovation in the agri-food sector efficiently and effectively.

• Location: The business must be located in Ontario.
• Sector: The business must operate within the agri-food sector.
• Employees: There are no minimum or maximum employee requirements.
• Revenue: There are no minimum or maximum revenue requirements.
• Legal Structure: All legal structures are eligible.
• Profit Structure: All profit structures are eligible.

Disqualifications:

• No specific disqualifications mentioned in the context.

This initiative is designed to help grow your business in Ontario’s agri-food sector through the use of innovation and advanced technologies. You can receive up to $100,000 to cover costs for new or modified equipment. This funding can be used for projects that enhance aspects like production, food safety, and energy efficiency.

The focus is on deploying or improving technology that will streamline your operations and boost your productivity. Whether you are modifying existing equipment or bringing in new machinery, this program supports crucial investments that can lead to significant improvements in your processes.

There's no need to worry about payback. The funding comes as a grant, meaning you won’t have to repay it, allowing you to invest in your business without the financial burden of loans. This is a valuable opportunity to strengthen your operations and advance your business in a competitive market.