Innovation Financing

FedNor - Northern Ontario Development Program - Innovation

The Innovation program is funding and support for new technologies and their development. The program is designed to promote interaction between science and industry. FedNor provides early additional support for early stage research and development, to help Northern companies bring new products and services to market. FedNor provides assistance to organizations that attend to the necessary infrastructure, environment and conditions to facilitate applied research and development and the development, application and transfer of new technologies to the North. Past areas of FedNor support have included state-of-the-art mining technology, medical research and biotechnology.

Apply and/or read more on this program here: Fednor Innovation Program

Government of Ontario - Emerging Technology

The Emerging Technology Program is designed to encourage both the private and public sectors to develop exciting and viable new technologies that will contribute to future northern prosperity. The program is designed to stimulate new ideas, innovations, and inventions that would be of benefittoNorthern Ontario's economy when commercialized. Funding restrictions are similar to other NOHFC programs, the maximum contribution to any one project generally will not exceed 50 per cent of eligible capital costs up to $1 million. Eligible projects include:
  • Information and communications technology infrastructure, including high speed internet expansion and cellular expansion projects
  • Centres of excellence
  • Film development and production
  • Value-added products
  • Biotechnology and life sciences projects

Apply and/or read more on this program here: Emerging Technology

IRAP - NRC Research Assistance Program

The NRC Industrial Research Assistance Program (NRC-IRAP) provides a range of both technical and business oriented advisory services along with potential financial support to growth-oriented Canadian small - and medium-sized enterprises. Through the Research and Technology Development Activities Program, NRC-IRAP provides non-repayable contributions to Canadian SMEs interested in growing by using technology to commercialize services, products and processes in Canadian and international markets. NRC-IRAP also provides mentoring support and invests on a cost-shared basis for research and pre-competitive development technical projects, upon assessment of a project and firm by a team of Industrial Technology Advisors. NRC-IRAP's partner organizations also receive contributions to provide technical and research assistance to Canadian SMEs.

For more information visit the IRAP website here: IRAP - NRC Research Assistance Program