Amount: Up to 15% of funding to a maximum of $5 million, interest free during the project period (loan for up to four years).

 

The Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream is aimed to provide financial support to Ontario-based advanced manufacturing companies with a focus on small and medium-sized enterprises.

It will provide investments in: capital equipment, technology adoption and skills development.

Eligibility Criteria:

  • Have at least three years of operations/financial statements.
  • Employ at least 10 people.
  • Commit to creating at least five new jobs and/or upskilled current jobs.
  • Invest at least $500,000 in their project.
  • Be located in, or plan to locate in, a community in Ontario.

Eligible Industries:

The fund supports business and organizations in advanced manufacturing sectors, including:

  • Aerospace
  • Automotive
  • Chemical
  • Information and communications technology (ICT)
  • Life sciences
  • Steel

Eligible Activities:

  • Create jobs and build talent.
  • Attract and encourage private sector investment.
  • Help companies to adopt technologies that improve their competitiveness.
  • Lead to business growth and broad positive economic impacts.
  • Encourage innovation, collaboration, and cluster development.