innovation

NODP - Northern Ontario Development Program, Innovation Stream

Description: FedNor's goal is to encourage economic growth, diversification, job creation and self-reliant communities in Northern Ontario. Offers three funding programs: Innovation, Business Growth and Competitiveness, and Community Economic Development.

Funding Details: Innovation stream:

  • Assistance is repayable, applicants are expected to contribute at least 10% of project costs.
  • Up to 33% of eligible capital costs and up to 50% of eligible non-capital costs.
  • Youth internships can get up to $27,500 or 50% of eligible costs

Eligible Expenditures: Innovation stream:

  • costs related to training on new technology
  • costs related to securing intellectual property, licensing and patent registration
  • marketing costs, participation at trade shows travel expenses and labour costs
  • machinery, equipment and technology.

Eligibility Requirements:

  • Company has fewer than 500 employees located in an eligible region in Northern Ontario
  • SMEs that are unlikely to obtain financing because the risk is too high
  • Businesses including corporations, partnerships, co-operatives, proprietorships, trusts

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How NorthBridge Will Assist With the NODP - Northern Ontario Development Program

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: info@northbridgeconsultants.com

More information
Please fill in the following information and a NorthBridge representative will contact you regarding your request.





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