The Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream has launched a new round of intakes on February 1, 2023. The program aims to provide financial support to Ontario-based advanced manufacturing companies with a focus on small and medium-sized enterprises.

It will facilitate investments in capital equipment, technology adoption and skills development. The fund supports business and organizations in advanced manufacturing sectors, including aerospace, automotive, chemical, information and communications technology (ICT), life sciences, and steel.

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.
  • Be located in, or plan to locate in, a community in Ontario.

Amount:

Types of support available:

1) Funding

Up to 15% of eligible project costs.

2) Loans

Up to 15% of funding, interest-free during the project period (up to four years). If you achieve your investment and job or upskilling targets, up to 30% of the loan may be forgiven.

3) Grants

Grants are available only for specific circumstances, up to 15% to a maximum of $500K.

Deadline

The AMIC grant extended its deadline to September 14, 2023.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY