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FedDev - Funding for southern Ontario

Up to $10,000,000
Type
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed specifically for incorporated businesses like yours in Southern Ontario. It provides no-interest, repayable contributions ranging from $125,000 to $10 million, allowing you to focus on innovation, productivity, and expansion without the usual interest burden. Whether you want to develop new products, improve processes, or enter new markets, this funding can act as a powerful catalyst for your growth.

Applying is straightforward and the rewards are significant. With this funding, you can enhance your competitiveness and invest in clean economic growth projects. Stable cash flow means you can tackle ambitious projects with confidence, and the repayable nature of the contributions ensures you won’t be overwhelmed by debt.

This is an excellent opportunity to take your business to the next level. Don't miss the chance to invest in innovation that can significantly impact your future. The program's flexibility means it can cater to businesses across various sectors, making it a fitting choice for your specific needs.

Financing Details

This financing comes in the form of no-interest, repayable contributions. These contributions range from $125,000 to $10 million per project. This means you won't pay any interest on the amount you receive, which is a great benefit. You will, however, be required to repay the funds you receive over time, making it easier for your business to manage.

Eligible expenses include activities related to developing, commercializing, or producing innovative products, processes, and services. You can also use the funds to improve productivity, competitiveness, and to scale up or expand your business. However, funds cannot be used for general operational costs like rent or utilities, nor can they be allocated for purchasing equipment used for production, marketing, or sales activities.

As for fees, there are no associated fees for accessing this funding. It's designed to support your business without added upfront costs, allowing you to focus on growth and development.

Qualifications

  • Must be an incorporated business
  • Location: Must be based in Southern Ontario
  • Eligible for no-interest, repayable contributions ranging from $125,000 to $10 million per project
  • No minimum employee requirement
  • No maximum employee limit
  • No minimum revenue requirement
  • No maximum revenue limit
  • All legal structures are applicable
  • All profit structures are applicable

Disqualifications:

  • None specified in the context provided.

Description

The program offers no-interest, repayable contributions for your business, ranging from $125,000 to $10 million per project. This funding can be used for activities such as developing or commercializing innovative products, improving your operations, and even expanding into new markets. It's a fantastic way to enhance your competitiveness and embrace clean economic growth.

You can pursue projects that focus on business development and technological innovation. Whether you're looking to create groundbreaking products or improve existing processes, this funding can help bring your ideas to life. It’s a unique chance to invest in your business without the immediate burden of interest payments.

The repayments are manageable because you won't be paying interest. This means your cash flow remains stable while you work toward achieving your project goals. With access to substantial funding, this program can be a game-changer for your business’s growth and innovation.

Program Steps

  1. Identify Your Project
    Determine the specific project or innovation you want funding for. This could involve product development, operational improvements, or market expansion.

  2. Prepare Necessary Documentation
    Gather the required documents to support your application. You will need:

    • A detailed project proposal
    • Financial statements for the past 2 years
    • Business plan outlining your goals and objectives
    • Documentation of your company's legal structure
    • Evidence of your current market position and industry analysis
  3. Complete the Application Form
    Fill out the application form to ensure all required information is included. Pay attention to each section to provide clear and concise responses.

  4. Review Your Application
    Before submitting, double-check all information and documents. Make sure everything is accurate and complete to prevent delays.

  5. Submit Your Application
    Send your application and supporting documents through the designated submission method outlined on the program website.

  6. Follow Up
    After submission, monitor the status of your application. Be prepared to answer any questions or provide additional information if requested.

Visit Program Website