Funding under this stream helps to accelerate the growth of firms and assist with the adoption of new, innovative technologies that support scale-up, productivity, and the development of and entry into new markets to help companies become globally competitive.
FedDev Ontario is looking for:
- Innovative and globally-oriented businesses seeking to accelerate their growth.
- High-potential firms (including accelerator graduates) that are commercializing innovative products, technologies and processes.
- Firms with scale-up potential looking to improve productivity through the adaptation/adoption of highly innovative, first-of-its-kind technologies with the goal of global competitiveness and market expansion.
- Entrepreneurs and businesses in rural areas looking to grow, commercialize and improve productivity.
Applications can be submitted for:
- No-interest, repayable contributions from $500,000 up to $10 million per project.
Funding is available to:
- Assist high-growth firms to scale up and expand.
- Support technology demonstration and the commercialization of new technologies.
- Encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity.
- Increase businesses’ capacity to grow through market diversification and entry into global markets.
- Foster innovation, technology adoption and digital connectivity in rural areas.
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Are you an ambitious company in need of growth funding? Apply today to our Business Scale-up and Productivity stream! Check out our website for more information. #SouthernOntario #SouthON #GrowSouthON #TowardsaStrongerSouthernOntario #RuralSupport #FedDevOntario #FedDevON #Canada #Economy #GoC #SME #Business #SmallBiz #CdnInnovation #JobGrowth #InnovationandSkillsPlan #EconomicGrowth
Examples of project activities include:
- Leveraging risk capital to accelerate the commercialization of products and services geared towards market diversification and growth.
- Automating and digitizing processes, and related skills development, to improve productivity and increase business capacity and competitiveness.
Applications are accepted on an on-going basis but projects must be completed by December 2023. To learn more about the program and to apply, click here!
Source – FedDev: http://www.feddevontario.gc.ca/eic/site/723.nsf/%20eng/02466.html?OpenDocument