3. How funding works
All funding is project-based, meaning that it must result in incremental outcomes from the project linked to Government of Canada priorities and is subject to a set of funding rules and reporting requirements. An application does not constitute a commitment from FedDev Ontario for financial assistance. If an application for project funding receives approval, you will need to sign a legally binding contribution agreement before funding can be provided.
|Funding parameter description
|Applicants normally request a minimum of $125,000 up to a maximum of $10 million per project in non-repayable contribution funding.
|Matching requirement (cost sharing)
Eligible project costs are shared between you and FedDev Ontario.
|New costs essential to the project, such as equipment costs, expertise and labour. Refer to the Application Guide for details on cost categories.
|Costs deemed unreasonable, non-incremental and/or not directly related to project activities, for example: land and building costs, operating costs, cost of amortization, refinancing of existing debts and more. Refer to the Application Guide for details on cost categories.
Project start dates may vary. Proposed activities and related costs cannot begin before the application intake closes.
Projects, activities and budgets can span more than 1 fiscal year. On average, projects span between 2-4 years in duration.
Key funding conditions
- The contribution amount is subject to availability of funding. FedDev Ontario reserves the right to make the final determination on the value of the contribution and the inclusion of any in-kind contributions. FedDev Ontario's funding contribution is based on a number of factors, including the minimum amount required for the project to proceed, the elements of the project activities selected for funding, and the extent to which other available funding sources have been leveraged.
- If a project is approved, you will be expected to sign a contribution agreement within 30 days of being notified, including confirming other partners' sources of funding.
- Funding will be reimbursed based on approved costs incurred and claimed throughout the project's duration.