Amount:

$5,000

Type of Program:

 Investment 


Description:

Kenora and Rainy River District Business Accelerator Fund invests $5,000 into new and existing manufacturing or technology-focused businesses and provides them hands-on support, access to mentors, and potential access to investors.

Comments on Funding:

This program will cover 88% of up to $5,000 in assistance towards approved costs in the following categories:

  • equipment and inventory purchases;
  • obtaining professional services (accounting, legal, web development, graphic design services, marketing, branding, training, photography, etc.);
  • software and hardware purchases.

This funding program does not support these business expenses: wages, rent, operating expenses, and retroactive expenses.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be located in the Kenora or Rainy River Districts;
  • be manufacturing or technology-focused businesses (food manufactures are eligible);
  • be owned by an Ontario resident and Canadian Citizen;
  • be sole proprietorships or corporations where the applicant is the majority shareholder;
  • operate full-time (minimum 35 hours/week);
  • follow government rules and regulations for operating a business;

New business start-ups are eligible.

Applications Steps:

Applicants must:

1

contact the NOIC to schedule a meeting with an NOIC representative;

2

start their application, including two quotes from vendors;

3

complete their application, including all the necessary documentation, by clicking ‘Yes, please submit to the review committee’.

The Regional Accelerator Fund review committee meets monthly. Applicants will be notified of the review committee’s decision via email.

Documentation Needed:

Applicants must submit:

  • the application;
  • two quotes from vendors.

Other Things to Note:

For application details, please email Corey using the button on the program's website or call at 807-464-3665.

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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