Other Funding Programs
Southwest Ontario Development Fund. No Deadline. You can apply year-round!
Gives money (15% project costs up to %1.5M) to businesses, municipalities and not-for-profit organizations for economic development in southwestern Ontario. The fund supports projects that:
- create jobs
- encourage innovation, collaboration and cluster development
- attract private sector investment
Maintaining Canada’s prominence in the food industry by investing in future leaders is the aim of the new Guelph Food Technology Centre (GFTC) Legacy Fund supporting the University of Guelph.
- Twenty co-op student work terms within the food industry will be supported each year
- Each award will be in the amount of $2,500 and will be used to partially offset salary costs for the participating companies
- Awards will be granted at the successful completion of each co-op work term
We offer low interest business loans based on your stage of business development, viability of the business concept and capacity to re-pay. Eligible entrepreneurs can access loans up to $10,000 throughout Ontario, with an average initial loan size in the $3,000 to $4,000 range.
Eligible individuals must:
- Be motivated entrepreneurs
- Self-identify as an individual who has experienced mental health and or addiction challenges
- Be unable to access traditional bank financing for their small business
- Not be in active bankruptcy, behind on child support payments or government taxes.
- Reside in Ontario
- Be a Canadian citizen or landed immigrant
This program is available to people between the ages of 15-29 at more than 320 locations across Ontario! Young people are able to access the following services, available year-round:
- Information on career options to support career decision-making
- Advice on how to build the life skills they need to successfully plan and manage a career
- Opportunities to learn about teamwork, customer service, health and safety and labour rules
- Help with resumé writing, searching and applying for jobs, and preparing for interviews
- Assistance to match their skills and interests with employers that have job opportunities.
Contact Employment Ontario for more info on this program.
If you are Aboriginal or have a majority-owned Aboriginal business, you can apply for up to $99,999 to help you:
- Start or buy a business
- Develop a business plan
- Grow your existing business
- Market your product or service
- Develop new products or processes
- Get business advice
Your business could receive funding of up to $20 million to expand facilities, adopt new technologies and participate in global markets.
Funding is available in two streams:
- Business growth: repayable contribution for SMEs for up to 25% of eligible costs
- Increasing productivity: non-repayable contribution for incorporated not-for-profits for up to 100% of eligible costs
“We invest in passionate entrepreneurs with ground-breaking technologies.”
- The IAF invests $250K – $500K in early-stage companies that have the potential to be global leaders in their field and provide sustainable economic benefits to Ontario.
You could get financial assistance if you can offer career-related work experience to young people between the ages of 15 and 30.
To qualify, your business or non-profit:
- Project must involve a min. 8 youth participants
- Participants can gain employment experience and skills related to their field of studies or career goals
- Financial assistance may be provided to cover a maximum of 80% of the costs associated with operating and delivering approved activities
Through IRAP, this program provides small and medium-sized (SMEs) with financial assistance to hire young talent. IRAP provides funding under two programs: Youth Employment Program (YEP) and Youth Employment – Green (Youth-Green) program. Some of the eligibility requirements include:
- the SME be incorporated and for-profit
- business have 500 or less FTEs
- intern must be 15-30 years old
- the SME be ready to enhance their innovation capacity and willing to create a trusting relationship with IRAP
This new program was introduced in January 2016 to increase the competitiveness of Canadian companies. If you are registered in Canada and are seeking to develop new export opportunities and markets you could be eligible. You must:
- be a for-profit company
- be an incorporated legal entity or a limited liability partnership
- declare between $200,000 and $50 million in annual revenue
- have a min. of one FTE and a max. of 250 FTEs
This fund is available for small, medium and large businesses with a plan to deliver short-term training to existing and new employees. If you’re an employer with a specific skills demand, the Canadian – Ontario Job Grant might be right for you.
With this grant:
- you will receive up to $10,000 in government support per person for training costs
- employers to contribute 1/3 of total costs
- training to be delivered by an eligible, third-party trainer