SOFII (Ontario Fund for Investment in Innovation) (2022)
The Southern Ontario Fund for Investment in Innovation (SOFII) supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in Southern Ontario rural and urban communities by offering interest-bearing business loans of $150,000 to $500,000 to support all aspects of growth challenges facing them.
Financing is provided for:
- late stage commercialization;
- new product or service development;
- new applications or markets;
- development or implementation of new processes or technologies.
Comments on Funding:
Funding amount is between $150,000 and $500,000 (additional funding is available on an exception basis).
The applicant must:
must submit a “Statement of Interest” which will be reviewed by SOFII staff for eligibility within 5 business days. Statement of Interest should be completed on-line or, scanned and emailed, to their office. Projects meeting the eligibility guidelines will be encouraged to, and counselled in how to, apply for support.
must submit full application including all requested attachments after completing all 4 sections of the online form: Applicant information, project information, Financial information and Authorization and application submission.
Other Things to Note:
This program has a continuous, open intake period.
When It Ends: