You have a unique opportunity to access up to $50,000 in matching contributions through this program, tailored for small and medium-sized manufacturers in Southern Ontario. This funding is designed to support your investment in long-term production assets and cutting-edge technologies like robotics, artificial intelligence, and IoT. By applying, you can boost your productivity and lower your emissions, making your business not just competitive but also environmentally responsible.

The flexibility of this funding allows you to cover costs such as capital equipment purchases, installation, and training. Additionally, expenses for professional services and direct labor related to your projects are included, giving you the ability to customize your investment according to your needs. Best of all, this funding is a grant, which means there’s no repayment required, relieving you from potential debt burdens.

With this support, you can take significant steps toward enhancing your business capabilities. This program is an easy way to secure funding that can propel your growth and innovation, keeping you ahead in a rapidly changing market. Don’t miss out on the chance to invest in the future of your business.

Financing Type

The funding comes as a grant, which means you don't need to pay it back. This program offers matching contributions of up to $50,000 for your investments in production assets and technologies. It's a fantastic way to reduce the upfront cost of upgrading your business.

Eligible Expenses

You can use the funds for various key expenses, including:

• Purchase of capital equipment
• Installation of new technology
• Training on the equipment
• Project-related professional service fees
• Direct labor costs

This allows you to invest in innovations that will enhance your productivity and efficiency.

Restrictions and Fees

However, the funds cannot be used for:

• General operating expenses
• Retrofitting existing equipment
• Indirect costs

There are no fees associated with participating in this program, making it an attractive option for your business growth.

• Location: The business must be located in Southern Ontario.
• Business Type: The business must be an SME manufacturer.
• Funding Amount: The program offers matching contributions of up to $50,000.
• Employee Count: There are no minimum or maximum employee requirements.
• Revenue: There are no minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are eligible.
• Profit Structure: All profit structures are eligible.

Disqualifications:

• Businesses outside of Southern Ontario do not qualify.
• Non-manufacturing businesses are not eligible for this program.

This program offers you the chance to receive up to $50,000 in matching contributions. It’s designed specifically for small and medium-sized manufacturers in Southern Ontario. With this support, you can invest in long-term production assets and technologies such as robotics, artificial intelligence, and the Internet of Things (IoT). These investments can help your business boost productivity and lower emissions.

The funds can cover various expenses like capital equipment purchase, installation, and training on new equipment. You can also use the money for professional service fees and direct labor related to your projects. This flexibility allows you to tailor the investment to best suit your unique needs.

There’s no requirement to pay back this funding, making it a valuable opportunity for you to enhance your business without the burden of debt. Investing in these technologies can lead to greater efficiency and growth, ensuring your business remains competitive in today’s market.