Type of Program:
The Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream will provide financial support to advanced manufacturing companies with a focus on small and medium-sized enterprises across Ontario. It will provide investments in capital equipment, technology adoption and skills development.
Comments on Funding:
Funding is up to 15% of eligible project costs and will take the form of loans and grants.
Loans of up to 15% of funding to a maximum of $5 million, interest free during the project period (up to four years). Applicants who achieve their investment and job or upskilling targets may be forgiven up to 30% of the loan (to a maximum of $500,000).
Grants are available only for specific circumstances, up to 15% to a maximum:
Applicants are not allowed to combine (or stack) AMIC funding with funding from other provincial programs.
When It Ends:
February 10, 2022
Applicants must be business and organizations in advanced manufacturing sectors, including:
Eligible businesses must:
contact a provincial government advisor for help with their check list and application;
register for Transfer Payment Ontario;
submit an eligibility checklist. The project eligibility will be confirmed.
work with their advisor to complete and submit the application forms, along with the required information, once their eligibility is confirmed.
Other Things to Note:
1. There are two application intake periods per year: