Imagine having up to $1,000,000 in funding for your projects focused on connected and autonomous vehicle technologies. This program offers co-investment, meaning you'll share the costs while still receiving significant financial support. With this funding, you can tackle activities like technology development, testing, validation, and demonstrating your innovative ideas, all without the worry of immediate payback.

By applying, you gain a unique chance to advance your business and get ahead in Ontario’s automotive landscape. This support allows you to pause the financial stress and concentrate on making your project a success. Plus, with no revenue or employee restrictions, it’s designed to accommodate businesses of all shapes and sizes.

Don’t miss this opportunity to harness the latest advancements in smart mobility. The ease of access and generous support makes this a wonderful opportunity for your business to grow and innovate. Take charge of your funding needs and let your ideas soar!

The financing offered through this program is a co-investment grant. This means that your business can receive up to $1,000,000 to support projects in the connected and autonomous vehicle (C/AV) and smart mobility sectors. As a grant, you will not have to repay the funds, allowing you to focus on innovation without the burden of future repayments.

Key Financial Details:

• Repayment: No repayment is required for grant funding.
• Eligible Expenses:
  • Technology development
  • Demonstration projects
  • Product/service validation
  • Testing
  • Piloting of smart mobility technologies
• Ineligible Uses: Funds cannot be used for general operational costs, marketing expenses, or costs related to non-eligible activities outside the defined areas.

Fees:

There are generally no application fees associated with this program. However, it’s essential to check for any potential fees that may arise during project execution or if additional services are required.

This is a fantastic opportunity for your business to elevate your projects and drive innovation in the C/AV sector without the worry of repayment or hidden costs.

• Location: The business must be based in Ontario.
• Sectors: All sectors are eligible to apply.
• Employees: There are no minimum or maximum employee requirements.
• Company Revenue: There are no minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are eligible.
• Profit Structure: All profit structures are eligible.

Disqualifications

There are no specific disqualifications mentioned in the context provided.

The program can provide up to $1,000,000 in funding for your projects that focus on connected and autonomous vehicle technologies. You can use this money for activities such as technology development, testing, validation, and demonstrating your innovative ideas.

This funding acts as a co-investment, allowing you to share the costs while still getting significant financial support. This means you can push your projects forward without bearing the entire financial burden alone.

There’s no specific payback period to worry about, allowing you to focus on your project's success rather than immediate financial returns. This program is designed to help you advance your business in Ontario’s rapidly evolving automotive landscape.