We’d like to inform you that Advanced Manufacturing and Innovation Competitiveness program has extended its deadline to September 14, 2023.
About AMIC grant for expanding manufacturers:
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.
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) 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.
2) Grants
Grants are available only for specific circumstances, up to 15% to a maximum of $500K.
Need help with this or other government funding programs but don’t know where to start or how to prepare an application?
