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:

  • be a Small or Medium-sized Enterprises (SMEs);
  • employ 50 to 500 employees, or identify that there is a strong likelihood that they will reach 50 employees within a three-year period;
  • be unable to obtain adequate and reasonable financing from other lending sources;
  • operate in Southern Ontario;
  • demonstrate job creation/retention for Southern Ontario residents;
  • be suitable for public funding;
  • establish a reasonable expectation of economic viability;
  • demonstrate the ability to repay funds advanced by Community Futures Eastern Ontario;
  • have secured the required matching funding through private investment, financial or equity partnerships or working capital;
  • provide evidence of their ability or experience to operate the business.

Program Contact:


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    Southern Ontario Fund for Investment in Innovation website

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