Northern Ontario Heritage Fund Corporation (NOHFC) – INVEST North Program: Innovation Stream
Description:
The Innovation Stream supports the research, development and commercialization of new and innovative technologies in Northern Ontario. NOHFC considers innovative technology projects based on the following definition: “the development or implementation of ideas to produce new or improved strategies, capabilities, products, services, or processes with a strong focus on ensuring to satisfy a market need or desire”.
Comments on Funding:
Funding is in the form of a conditional contribution and will support the following:
- up to 50% of total eligible costs to a maximum of $500,000 for Applied Research and Development only projects;
- up to 50% of total eligible costs to a maximum of $2 million for Applied Research & Development and Demonstration & Commercialization Combined or Demonstration & Commercialization only projects.
Combined Federal and Provincial government funding may not exceed 75% of eligible project costs.
Funding for each project is determined by the NOHFC Board of Directors, and limited funding is available. Not all projects meeting the criteria will necessarily receive funding.
Eligibility:
Applicants must:
For public-private partnership projects:
The applicant may be required to reimburse NOHFC if assets financed by NOHFC are sold within the first three years after project completion.
Applications Steps:
The applicant must:
create an online account using the form on the Northern Ontario Heritage Fund Corporation (NOHFC) website,
follow the onscreen instructions to complete each section of the application,
click “Submit application”.
NOHFC will contact the applicant in 2 to 4 weeks!
Applicants have the choice to apply for support for applied research & development or demonstration & commercialization costs under separate applications or in one combined application.
When It Ends:
Ongoing
Deadline:
Rolling deadline