Kenora and Rainy River District Business Accelerator Fund
Empowering Businesses in Kenora and the Rainy River District to Grow and Scale
- Equipment purchase
- Obtaining professional services
- Software and hardware purchases
- Feasibility and marketing studies
- Professional development, employee training and upskilling
Share on Social
Program Overview
KRRAF Program
We will support up to $10,000 into your business as well as provide hands-on support, access to mentors, and potential access to investors. We have two streams to support your business, from start-up to expansion. With help from us, you can have your new business launched or scale your current company.
This program is a reimbursement program at a 50% cost share. Start ups can receive up to $5,000, expansions up to $10,000.
Applicant Eligibility?
- Headquartered in the Kenora or Rainy River Districts
- Be in the following sectors: science, technology, manufacturing or agri-food (food manufactures are eligible). Other sectors will be considered on a case-by-case basis.
- Operates full-time and seasonal businesses are eligible.
- Start-ups are eligible but, must complete a business plan or business model canvas. If you do not have one yet, please participate in NOIC's Trailblazer program!
Contact Information
Chathura Jayasinghe
Chathura is our regional business advisor serving the Kenora Rainy River District.
- 1 807-768-6681
- 1 866-768-6681
- 1 807-768-6682
- chathura@nwoinnovation.ca
FAQ's
Frequently Asked Questions
How does the program work?
STEP 1: Reach out to us using our contact form to schedule a meeting with Chathura.
STEP 2: If you are not already an NOIC client, you must complete our Innovator Member form. Existing clients do not have to complete it. We will then send you a link to the application form. Complete the application, including two quotes from vendors for each solution you are purchasing.
STEP 3: Once your application is completed, it will be reviewed, and we may request some changes.
STEP 4: Once your application is considered complete, the Regional Accelerator Fund review committee will evaluate the application.
STEP 5: You will be notified of the review committee’s decision via email. If approved, you will receive a Letter of Offer.
STEP 6: Once you sign the letter of offer and return it to us, you will be approved to spend your funds. Do not spend any money until you have this approval.
How to Apply?
Email Chathura using the contact button above or call 807-768-6685 to speak to him today.
Who is Ineligible?
- Retailers, restaurants, professional service providers and resellers.
- Hobby and part-time businesses.
- Non-for-Profits, Charities and Municipalities.
What are some examples of ineligible expenses?
This funding program does not support these business expenses: taxes, wages, rent, operating expenses, and retroactive expenses.