• This program is currently closed.

Amount:

$200,000

Type of Program:

Grant


Description:

The Northern Business Opportunity Program — Small Business Start-up Projects provides funding to new businesses in Northern Ontario that intend to commence operations in existing and emerging priority economic sectors.

Comments on Funding:

Funding will generally not exceed 50% of eligible project costs up to a maximum of $200,000.
Applicants must provide a minimum equity contribution in the amount of 15% of eligible project costs.


When It Ends:

Closed

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • Be for-profit organizations
  • Operate on a full-time basis and result in job creation in Northern Ontario
  • Carry its business in existing and emerging priority economic sectors.

Other Things to Note:

The entrepreneur will be required to reimburse the NOHFC if assets financed by the NOHFC are sold within the first three years of operation.

Program no longer active. (January 2021 and December 2021)

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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