Comments on Funding:
Funding is a non-refundable contribution of up to 50% of the budget for eligible activities with a minimum contribution of $15,000 to a maximum of $50,000.
The remaining 50% must come from an alternate source (applicant company, third party funder, etc.), and must include a minimum 10% cash contribution. A maximum of 15% of the total budget can be applied to administration costs.
Realistically valued “in-kind” services may be included in the financing plan; Ontario Creates may request written verification of financing.