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Innovation Programs

Below is a comprehensive list of R&D and Innovation programs offered by various levels of government, not-for-profits, and other delivery agencies. Tax credits, grants, and cost sharing may be available for your companies research and development, innovation, and export needs.

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Southern Ontario Fund for Investment in Innovation (SOFII)

The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has launched a new $20-million program through its Prosperity Initiative. This program will support high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of usually $150,000 to $500,000 to support all aspects of growth challenges facing them. The loans are intended to help finance:

  • Late stage commercialization;
  • New product or service development;
  • New applications or markets; or
  • Development or implementation of new processes or technologies.

The SOFII loan funds will act as a catalyst for increased investment in and support for innovation and will be one element in the emerging climate of support for these high-growth companies in Southern Ontario.