SOFII (Ontario Fund for Investment in Innovation) (2022)
Description:
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).
Eligibility:
The applicant must:
Applications Steps:
Applicants must:
Documentation Needed:
Applicants must:
Other Things to Note:
This program has a continuous, open intake period.
Testimonials:
When It Ends:
Ongoing
Deadline:
Rolling deadline