Northwestern Ontario Innovation Centre (NWOIC) – Kenora and Rainy River District Business Accelerator Fund

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.

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:

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.

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