Funding for businesses in southern Ontario: What we support

High-tech workers in a factory, hands holding a globe with plant, robotic arm working on a line.

Closing soon: Application intake closes June 24, 2024, at 4:59 pm ET.

Applications received and acknowledged by FedDev Ontario before the intake closes will be assessed.

Next intake period: fall 2024 and winter 2025.

1. What we support

FedDev Ontario is investing in people, potential, and possibilities. We want to help you grow so you can reach your potential and unlock new possibilities.

We have an easy-to-use application process and are here to answer your questions. You do not need to sort through our programs to apply for funding. Leave that part to us.

You are encouraged to contact us at any time if you have any questions.

Apply by June 24, 2024,  to be considered for the spring intake.

Applications can be submitted for

No-interest, repayable contributions from $125,000 up to $10 million per project for incorporated businesses that:

  • develop, commercialize or produce innovative products, processes and services
  • improve productivity, capacity and competitiveness
  • scale-up and expand to develop new business opportunities, enter new markets, or reach new customers

We are looking for projects that

Focus on one or more of our spring 2024 intake priorities:

  • Clean economic growth – projects that support the greening of the economy, that can contribute to emissions reductions, and that create sustainable and green jobs.
  • Growth companies – projects that accelerate business development and growth.
  • Technology – projects in cutting-edge sectors (e.g., artificial intelligence, cybersecurity, medical technologies, digital health and agri-tech).
  • Industrial transition – projects that support change in traditional sectors to adopt new technologies and other innovations to improve their competitiveness and build new opportunities (e.g., the adoption of automation in manufacturing to increase efficiency and productivity).

Priority may be given to projects that support the transition to zero-emission vehicles and housing manufacturing innovation.

Inclusive growth and regional coverage are cross-cutting investment principles. FedDev Ontario wants to help you grow your business. We welcome projects that create new opportunities for underrepresented groups and promote growth across urban centres and small and rural communities alike.

Next steps

  • See if this funding opportunity is right for you.
  • Click "Next" and review more program information.
  • Prepare your application for the next scheduled application intake period.

Contact us

By email: info@feddevontario.gc.ca or at 1-866-593-5505 at any time to express your interest in applying, discuss your needs or to ask questions.

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FedDev Ontario is committed to providing effective, efficient and client-focused programs and services. Visit our service commitment to find out more.