business expansion

FedDev - Investing in Business Innovation (IBI)

Description: Investing in Business Innovation (IBI) will assist start-up businesses to accelerate the commercialization of new products and processes by increasing and leveraging private sector investments such as angel and venture capital investors

Funding Details: Eligible start-up businesses will be eligible for a repayable contribution of up to 33% or a maximum of $1 million of total eligible project costs. The business must have secured conditional funding of at least 66% of the remaining project cost from an eligible angel or venture capital investor, who is located in Southern Ontario.

Eligible Expenditures: Eligible costs for start-ups include labour, capital and operating expenditures, materials and supplies, consulting and/or professional fees and minor non-capital acquisitions (e.g., software).

Eligibility Requirements: Start-up businesses, defined as businesses with less than 50 employees in southern Ontario. The start-up SME must have a signed draft term sheet conditional on Investing in Business Innovation funding as proof of a funding commitment from a recognized angel or venture capital investor.

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How NorthBridge Will Assist With the Investing in Business Innovation program and Other Funding Programs

NorthBridge has over 20 years of experience assisting companies with government funding programs. We will:

  • Listen and discuss past, present and future project activities.
  • Research and identify the appropriate and optimal government grant, tax incentive, loans, as well as private financing opportunities.
  • Take a hands-on approach to the application process and address relevant program objectives and criteria.
  • Become an in-house project manager for all types of government funding.
  • Interview the key employees and ask specific questions in order to make the right funding decisions.
  • Assist in writing the application and preparing all supporting documentation.
  • Assist with government reporting requirements.

To arrange for a free, no obligation consultation with one of our government funding experts contact us at:

More information
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