Regional Development Program in Canada

Deadline: 10-Feb-22

The Government of Ontario has announced the applications for the Regional Development Program: Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream.

This Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream of the Regional Development Program will provide financial support to advanced manufacturing companies with a focus on small and medium-sized enterprises (SME) across Ontario by way of investments in capital equipment, technology adoption and skills development that will accelerate recovery in Ontario and place their companies in competitive global positions.

Funding Information
Grants are available only for specific circumstances, up to 15% to a maximum:

of $500,000 for small companies located in rural communities
of $1.5 million for strategic projects that are foreign direct investments or from companies competing against other jurisdictions or companies with significant reshoring projects
Types of Support
The types of support available include:

funding support
complementary services and support
The fund supports projects that:
create jobs and build talent
attract and encourage private sector investment
help companies to adopt technologies to improve their competitiveness
lead to business growth and broad positive economic impacts
encourage innovation, collaboration and cluster development
Eligibility Criteria
The fund supports business and organizations in advanced manufacturing sectors, including:
aerospace
automotive
chemical
information and communications technology (ICT)
life sciences
steel
To be eligible, businesses need to:
have at least three years of operations/financial statements
employ at least 10 people
commit to creating at least five new jobs and/or upskilled current jobs
invest at least $500,000 in their project
be located in, or plan to locate in, a community in Ontario
For more information, visit https://www.ontario.ca/page/available-funding-opportunities-ontario-government#section-24