Intake Opens for Rural Innovation Initiative Eastern Ontario
On February 27th, 2019 the Honourable Navdeep Bains, Canada’s Minister of Innovation, Science and Economic Development (ISED) and Minister responsible for FedDev Ontario, announced Eastern Ontario CFDCs would receive funding to support projects that drive innovation and growth in rural Eastern Ontario.
As a result of this funding support, the Frontenac CFDC is pleased to announce, in cooperation with CFDCs across Eastern Ontario, the official launch of the Rural Innovation Initiative Eastern Ontario.
The priority sectors for funding
o advanced manufacturing,
o digital industries
o clean tech
o food processing
o Projects that focus on inclusiveness: youth, women entrepreneurs, Indigenous peoples, Official Language Minority Communities, persons with disabilities, immigrants and visible minorities
o Businesses (local stream refers to businesses operating in the County of Frontenac; regional stream refers to businesses operating in Eastern Ontario)
o Not-For-Profit organizations supporting business and community transition into the new rural economy
Supported projects will strengthen competitiveness, productivity, business growth, process innovation, new market access, creation and retention of employment opportunities, the re-skilling of the industrial workforce, incremental sales and increased profitability, and as a result, diversify and transform our local communities and economy.
Project funding The minimum project size for the local stream is $50,000 (excluding HST) to a maximum of $200,000. Approved projects will be eligible for a non-repayable performance-based contribution of 50%.
In addition to the local stream being offered by the Frontenac CFDC, there is also a Regional Stream. The Regional Stream focuses on accelerating the growth of SMEs on the innovation track, with benefits to multiple communities in Eastern Ontario and is delivered by Northumberland CFDC. Guidelines and the online application for this stream are available at www.financingandstrategy.com
Applications and guidelines are available at www.frontenaccfdc.com/start/grants. Our upcoming application intake dates are June 6, July 4 and September 5th. If you have any questions or would like to discuss your project in advance of applying, please contact Anne Prichard, 613-372-1414 Ext. 204 or Sue Theriault 613-372-1414 Ext. 206.