No Fixed Amount
Type of Program:
Through its Regional Economic Growth through Innovation program, FedNor provides repayable assistance to existing Northern Ontario manufacturers to upgrade and improve capital equipment used in manufacturing processes, including information and communications technology, to improve their competitiveness and productivity.
Comments on Funding:
Funding is generally up to 33% of eligible capital costs and up to 50% of eligible non-capital costs.
Assistance available for SMEs is repayable.
If applicants incur costs to implement their projects prior to approval of funding, these costs will not be considered eligible for reimbursement unless written consent is provided by FedNor.
When It Ends:
The applicant must:
Phase 1: Submit an Application for Financial Assistance providing key contact and project information;
Phase 2: Upon initial evaluation, FedNor will provide an electronic or written decision on whether the project should proceed to Phase Two. If selected to proceed, applicants will be invited to submit a Phase Two Detailed Application and provide supporting documentation. Applications will undergo a due diligence process where they are assessed against a number of factors.
Applicants must provide: