Northwestern Ontario Innovation Centre (NOIC) (formerly 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. This fund is offered in two streams:
1. Business Start-up Stream; and
2. Business Expansion Stream.
Comments on Funding:
Funding is an investment of:
- up to $5,000 for Business Start-up Stream;
- up to $5,000 for Business Expansion Stream.
Each stream will cover 50% of eligible costs up to $5,000.00 in assistance towards approved projects 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:
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.
Program Contact:
NWOIC – Kenora and Rainy River District Business Accelerator Fund
When It Ends:
Ongoing
Deadline:
Rolling deadline