Which of the newest FedDev Ontario funds is right for you?

As part of Canada’s economic action plan FedDev Ontario recently launched three funds for Canadian businesses:Question-Man1

  1. Investing in Business Innovation
  2. Investing in Business Growth and Productivity
  3. Advanced Manufacturing Fund

What is the difference? How do you know which program is right for you?

Here’s the guidance how to choose the right program. You need to answer 2 questions:

  1. What is the budget of your project?
  2. How big is your company?

Investing in Business Innovation is funding for young startups or companies under 15 full-time employees. The limit of the budget the government can contribute is $1,000,000.

Investing in Business Growth and Productivity is a program for mature companies employing more than 15 full-time employees and looking for the funding under $10,000,000.

Advanced Manufacturing Fund is a fund for large or medium sized companies looking for a minimum $10,000,000 from the government.

If you have any questions about these programs or wonder if you are eligible, call (647) 800-5006 or fill out eligibility check form.