Grants for Type
OVIN R&D Partnership Fund – Advanced Charging & Vehicle-to-Grid (V2G) Stream
Amount: co-investment of up to $1,000,000.
Critical Industrial Technologies Initiative
Through the Critical Industrial Technologies initiative Ontario industry will converge with innovative SMEs to amplify Ontario’s rich critical technology capabilities and propel four key sectors of Ontario’s economy to the forefront of this transformation.
Four key sectors:
- Mining
- Advanced Manufacturing (non-auto)
- Agri-Food
- Construction
Critical technology areas:
- 5G & advanced networks
- AI
- Blockchain
- Robotics
- Cybersecurity
- Quantum
The Critical Industrial Technologies (CIT) initiative will support Ontario SMEs to develop new IP faster and at a greater scale for the benefit of the province and beyond. The Critical Industrial Technologies initiative is a Government of Ontario initiative led by OCI.
Goal of the CIT Initiative
The initiative will bring together key stakeholders at all levels to build an ecosystem that connects large companies and industry needs with SME solutions.
The initiative is committed to achieving the following 4 goals:
- Building an Ontario critical technology ecosystem that propels Ontario’s mining, advanced manufacturing, construction, and agri-food sectors forward to be leaders in the global economy.
- Supporting critical technology education and awareness to help SMEs understand the benefits of creating, commercializing, and adopting critical technologies.
- Accelerating the growth of Ontario companies through the development and commercialization of Made-in-Ontario technologies and expanding critical technology talent.
- Fueling significant advances within and between the four sectors by supporting the adoption, demonstration and integration of critical technologies.
Technology Development Sites
Technology Development Sites (TDS) are where SMEs can come to develop, test, and showcase their critical technology products and services, so they can hit the market faster.
TDSs are established by industry incumbents, vendors, and associations in their respective technology and/or sector domains. As part of the CIT program, OCI has partnered with these organizations to extend these capabilities for SMEs to utilize and integrate learnings, assets, and/or new IP into their product/service suites.
Small-and-Medium-Sized-Enterprises (SMEs) can access a Technology Development Site by:
- Contacting the Critical Industrial Technologies team to apply for access
- Applying to the Development and Commercialization Program for Technology Development Site Access with funding support for your project
CIT Programs
The Critical Industrial Technologies Initiative has a series of programs to drive the commercialization and adoption of critical technologies in the mining, advanced manufacturing, construction and agri- food sectors.
1. Development and Commercialization Program (DC)
Eligible SMEs can access a Technology Development Site to integrate, develop, test, and showcase their critical technologies solution with $50-200k of support from OCI.
Eligibility:
SMEs interested in adopting, integrating, or demonstrating critical technologies and developing new IP-rich products and services.
2. Technology Access Program (TA)
Eligible SMEs can access a Technology Development Site to integrate, develop, test, and showcase their critical technologies solution.
Eligibility:
SMEs interested in adopting, integrating, or demonstrating critical technologies and developing new IP-rich products and services.
3. Sector Adoption Program (SA)
Sector Adoption Program supports a consortium of partners working together to address a set challenge statement and catalyze impactful change for the whole sector. Up to $1 million available for a multi- partner consortium with a minimum of 1 SME.
Eligibility:
Industry leaders seeking to collaborate on province-wide innovations that move the needle on critical technology challenges across the four key sectors.
4. Talent Development Program (TD)
Eligible SMEs can invest in critical technology training and support for employees.
Steam 1: Internships for new, young talent creating the workforce of tomorrow
Stream 2: Upskilling/reskilling existing employees for the challenges of today
Eligibility:
SMEs invested in modernizing their workforce to thrive in the dynamic future of critical technologies.
Sustainable Manufacturing Challenge
Amount: maximum of $5.25 million with up to 35% of total eligible costs
Battery Industry Acceleration Call
Amount: contributions of up to $3,000,000 and $5,000,000 for R&D and demonstration projects respectively.
32.3M provided in funding for Manufacturing Projects
Who eligible for Canadian Supercluster Grant Funding?
Implement Lean Practices with Canada-Ontario Job Grant
We’d like to remind you that Canada Ontario Job Grant (COJG) program is still open for applications and provides great opportunities for Ontario businesses to invest in skill training and embrace the latest best practices and approaches for efficient operation and smooth process setup.
One of the innovative approaches coming under spotlight recently is Lean Methodology which, when integrated properly, can streamline business operations, boost their efficiency, and address lack of resources.
It’s crucial for businesses to understand how they can leverage Lean Practices to their full potential, so our partners at CTM have prepared an insightful overview about application of Lean methodology in the company management. The article also dwells on:
- why Lean principles are essential for automation investment;
- Critical Lean Starting Points for any company;
- Value Stream Mapping and Automation Rollouts methods;
- Inevitability of Industry 4.0 and its tools (cloud computing, IoT, simulation etc).
As Lean practices is becoming an indispensable part of business management, do not miss opportunity to integrate them into your organization with Canada Ontario Job Grant and get funding of up to $10K per trainee. Get Started
Dairy Processing Modernization Initiative – Funding for equipment upgrade
Amount: 50% of eligible costs up to a maximum of $200,000 in funding.
Alberta Petrochemicals Incentive Program
Amount: grants worth 12% of a project’s eligible capital costs.
Alberta Agri-processing Investment Tax Credit
Amount: 12% non-refundable tax credit up to $175 million
Low Carbon Economy Fund – Canadian Grant to Reduce GHG Emissions
Amount: 25-75% of eligible project expenditures up to $25 million in funding.
Merry Christmas and Happy New Year 2024
As the year comes to a close, we want to express our gratitude for your continued trust and support. It’s been a pleasure serving you, and we look forward to even more exciting opportunities in the coming year.
May this festive season bring warmth, happiness and laughter to your home. Wishing you and your loved ones a Merry Christmas and a Happy New Year filled with joy, prosperity, and success.
Thank you for being a part of our journey. Here’s to a fantastic 2024!
Tourism Growth Program – Tourism Industry Loan for Southern Ontario
Amount: up to a maximum of $250,000 per project.
What is for you in the Fall Economic Statements?
This month, both Federal and Provincial governments provided budget updates in the Fall Economic Statements. Although the focus was on combatting inflation, infrastructure and housing issues, I found a few updates on the government funding for businesses.
Carbon Capture, Utilization, and Storage Tax Credit and Clean Technology Tax Credit will be legislated by spring 2024 and most likely will be open for application in the summer. Other cleantech sector tax credits will be introduced later in 2024.
Canada Growth Fund started its operations and has already announced its first investment. We will research eligibility and application procedures and will share them with you as we get more information.
Ontario Made Manufacturing Investment Tax Credit, a 10% grant on purchasing manufacturing equipment, is still in the works. The Canada Revenue Agency is working on an application form on behalf of the Ontario government. Stay tuned.
To learn more about the Fall Economic Statements, visit the following pages:
Costs Going Up? Introducing Cost Reduction Service
Over the past 11 years in the grant writing business, we analyzed hundreds of financial statements and built hundreds of compelling financial forecasts for our clients. Our analysts regularly perform financial metrics calculations and identify cost reduction opportunities.
We are pleased to introduce our Cost Reduction & Recovery Service.
- Does your business suffer losses?
- Do you feel that your business is losing more money than expected?
- Do expenses go out of control?
If so, the service may be right for your business.
Our Approach to Cost Reduction & Recovery
- Analyze your financial statements and the interim statements for the past 3 fiscal years.
- Calculate key financial metrics.
- Compare the metrics to the industry benchmarks.
- Identify gaps, improvement, expense reduction and recovery opportunities.
- Develop an individual Plan to reduce and recover business expenses.
- Implement the Plan (if applicable).
Learn more about the Cost Reduction & Recovery solution on our website.
Working in forest sector? Apply for renewed IFIT grant
We’d like to inform you that Investments in Forest Industry Transformation (IFIT) Program has been renewed. The IFIT program helps improve the environmental performance of the forest sector by supporting demonstration and adoption projects that contribute to the decarbonization of industrial processes, as well as the efficient use of resources that generates more value from the same amount of wood.
Eligibility Criteria:
IFIT funding is open to the following applicants:
- Legal entities validly incorporated or registered in Canada including:
- for-profit and not-for-profit organizations such as companies, industry associations, and research associations
- Indigenous organizations and groups
- Provincial, territorial, regional, and municipal governments and their departments and agencies where applicable
Deadline
Applications can be submitted within our 4 application windows, detailed below:
- Window 1: Apply by September 30, 2023 for a decision by February 29, 2024.
- Window 2: Apply by December 31, 2023 for a decision by May 31, 2024.
- Window 3: Apply by March 31, 2024 for a decision by August 31, 2024.
- Window 4: Apply by June 30, 2024 for a decision by November 30, 2024.
Need help with this or other government funding programs but don’t know where to start or how to prepare an application?
The Protection and Risk Resilience: Plant Health Designated Program
Deadline: the designated Program will end on March 31, 2028.
2023 Federal Budget: New Grant Opportunities
New 2023 Federal budget is heavily focused on clean and green technology adoption by introducing three new tax credits:
- Clean Technology Manufacturing Investment Tax Credit – 30% of the cost of new machinery and equipment used to manufacture or process key clean technologies, and extract, process, or recycle key critical minerals
- Clean Technology Investment Tax Credit
- Carbon Capture, Utilization, and Storage Investment Tax Credit
More information about these new programs will be available in the coming weeks or months.
In addition, the following new grants were announced:
- Clean Fuels Fund to encourage investment in the production of clean fuels, including clean hydrogen and biofuels;
- Canada Growth Fund to incentivize private sector investment into projects and companies that will grow Canada’s clean economy at speed and scale;
- Net Zero Accelerator to make large-scale investments in clean technologies;
- Low Carbon Economy Fund to support the installation of emission-reducing technologies for provinces and territories, businesses, Indigenous communities, and other organizations;
- Canada Innovation Corporation, which will support Canadian businesses in investing in research and development.
In the meantime, the funding for the following Federal incentive programs was renewed:
- CanExport – 50% of export market entry cost.
- Canada Digital Adoption Program – 90% of the digital technology assessment cost.
- Business Scale-Up & Productivity – interest-free loans covering 35%-50% of the cost of business expansion. Rules and intake procedures vary from province to province.
- Scientific Research & Experimental Development Tax Credit – 60% of the labour cost involved in R&D.
- Industrial Research Assistance Program – 80% of the labour cost involved in R&D.
- Most of the hiring incentives.
Need help with this or other government funding programs but don’t know where to start or how to prepare an application?
CME Technology Investment Program – Southern Ontario Grant for Equipment
Amount: 50% of the project cost up to $50,000.
Digitalization Competence Centre (DCC) – Ontario Grant for Implementing Technology
Amount: provides 50% of the project cost up to $150,000.
[Webinar Invitation] Government Help for Small and Medium Size Business
Our friends at the Canada Bulgaria Business Network are very happy to invite you to an evening webinar – Government Help for Small and Medium Size Business.
Two high profile presenters – Jayesh Menon and Igor Chigrin, will be sharing their knowledge, expertise and recent updates in government funding and grants that are currently available to start-ups, small and medium sized business. You will be introduced to assistance programs, grants and tax incentives offered by all three levels of government in Canada and have a chance to ask your questions and make valuable connections.
Date and Time: Monday, May 30th, 2022 at 6:00 PM EDT
Seminar Speakers:
Jayesh Menon – Senior Advisor – Investment Attraction, City of Brampton
Igor Chigrin – Business Funding Expert at Fair Grant Writing.
Please register by email at: info@canadabulgaria.com.
You don’t have to be a member of Network to attend.
Make sure to share this event with your network!
