Repayable Contribution

FedDev Ontario | Funding for businesses in Southern Ontario (REGI/BSP)

Funding for businesses in southern Ontario offers repayable contributions from $125,000 to $10 million to  businesses located or expanding in southern Ontario to 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.

  • 4.5/5.0
  • FedDev Ontario
  • All levels
  • Last updated 2 days ago
  • English
Description

Funding for businesses in southern Ontario offers repayable contributions from $125,000 to $10 million to  businesses located or expanding in southern Ontario to 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.



The objective of the fund is to contribute to the local economy by helping companies create and maintain jobs, grow revenue, increase exports and build economic partnerships and collaborations. The program achieves this by supporting the following activities: 

Developing, commercializing and/or producing new and innovative products, processes and services

  • Late-stage development of a new product for sale. Activities would normally fall within technology readiness levels (TRL) 7-9.
  • Development of process improvements which reduce environmental impact of current operations (through use of new technology).
  • Showcasing and demonstrating a new technology in an operational setting.
  • Market diagnostics and studies.

Improving productivity, capacity and competitiveness

  • Acquiring, adapting or adopting new technologies or processes (e.g., digitization).
  • Improving production efficiency and capacity through equipment upgrades, and/or process improvements and related facility enhancements.
  • Adopting clean technologies.
  • Increasing business management capacity.
  • Improving processes to increase efficiency, including automation and related skills development.

Scaling-up or expanding business lines to tap into new markets or reach new customers

  • Launching new products or services.
  • Integrating into domestic and global value chains/supply chains.
  • Leveraging venture capital or angel capital investment to support business growth.
  • Reshoring or onshoring of production, research and development mandates and/or highly qualified personnel/expertise to southern Ontario.