Comments on Funding:
Funding is up to 75% of the eligible and supported costs. On an exceptional basis, FedNor may consider funding up to 100% of eligible and supported project costs.
For projects involving redistribution of funding to SMEs, the ultimate recipients (SMEs) must provide minimum 50% cash contribution. The maximum disbursement of a contribution that provides funding to SMEs as their ultimate recipient is capped at a maximum of $25,000 per
SME under a FedNor project with a not-for-profit organization.Government stacking up to 100% is allowed for the Regional innovation ecosystems Stream.
Other Things to Note:
Assistance available includes repayable and non-repayable contributions. Contributions will normally be repayable where proposed projects generate profits for the eligible applicant.