Canadian Innovation Grants are Transforming Businesses Nationwide

Regardless you are partaking in activities at the R&D or commercialization stage, the Canadian government offers many opportunities for businesses of all types and sizes to acquire funding.

Pertaining to innovation funding specifically, the federal government offers several programs such as IRAP (Industrial Research Assistance Program) and SR&ED (Scientific Research and Experimental Development Tax Incentive Program) to assist businesses in the operations of their company.

IRAP funding is available to small and medium-sized companies with the intention of creating new products and processes that lead to enhanced productivity, new competitive advantages, or innovative research.

The SR&ED program, on the other hand, provides tax incentives/refunds to companies undertaking activities involving innovation or improvements in products and processes. These are both examples of Canadian government grants that provide funding to eligible companies nationwide.

Related: How to leverage SR&ED benefits with IRAP funding

Listed below are a few benefits that outline the significance of not just SR&ED and IRAP funding but Canadian government grants as a whole.

Development of Your Business

Companies that are successful in acquiring funding often find that their strategies align with the preferences of government funding programs. Firms like EVAMAX offer to consult and assist you in developing funding strategies in order to leverage more from Canadian government grants.

The business grants received through these programs can contribute to the development of a company in several ways such as expansion, adaptation and R&D. Often, companies will even seek government grants as a source of seed funding or to generate enough cash flow to cover expenses.

Related: Strategic Innovation Fund (SIF)

Through sources of funding, companies can seek expansion physically, to increase production/efficiency, and in their given market as well. In addition, businesses who receive government grants can utilize this to increase the efficiency of the company’s technology and capital by purchasing or modifying equipment. Through expansion and adaptation, a company can discover new products and processes that positively contribute to the business’s development.

Related: Sustainable Development Technology Fund

Increasing the Potential of Your Outcomes

By acquiring government funding, businesses can improve and increase the potential of their outcomes. The incorporation of additional activities within a company, such as new and better equipment, increases project capacity and helps to avoid congestion created by production inefficiencies.

Related: Alliance Grants: How Partnering with Organizations Can Reduce Your Costs

In other words, the Canadian government grants can dispose of inefficiencies that would otherwise have been impossible to do so without funding. Even if a company does not use the funding to introduce additional activities and assets, companies can expand the degree to which a current strategy is being deployed instead. For example, productivity can be increased by repairing a damaged machine, not necessarily purchasing a different one.

Through the potential increases in productivity and efficiency, it can also be expected that these government grants can reduce the timelines of projects. Government funding gives companies the ability to react to market trends quickly and make the most out of their product and processes. Time is a crucial aspect of the growth and success of a company. Canada business grants assist in maximizing this intangible element whenever possible.

Experimenting and Identifying Risks

The process of seeking grants and funding can have benefits and provide important insight to companies about the operations of their business. Talking to Tax Incentives/Grants Adviser helps companies identify applicable grants to mitigate potential risks of their business in pursuing experimental/new projects.

For example, SR&ED consultants at EVAMAX can increase the return of claims by helping to identify the technical approach a business should use when applying for grants. With the information provided, we are often able to maximize a company’s eligible benefits by using an approach or outlook of the company that was possibly not seen by those internally.

Related: SR&ED Consulting: Is Your Company Maximizing Potential Benefits?

All in all, there are significant benefits to acquiring government grants that many Canadian companies do not take advantage of. Through government funding, companies can experiment, adapt, and choose the plan they deem as most suitable to their company.

Learn more about the federal grants and funding programs your company is qualified for.  Contact us or dial 1-877-711-7733.




IRAP Funding_ Could You Be the Next Company to Receive Millions in Funding

Our Canadian federal government encourages businesses to partake in innovative activities regarding process improvements and technology-driven research. The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) is a federal innovation assistance program for small and medium-sized businesses. They have invested in over 12,000 companies since 2015 which has led to the creation of 49,000 jobs in the process.

They aim to expedite the growth of small and medium-sized companies by servicing them with advisory services, financial assistance, and other innovation funding. Companies engaged in the research and development of technology can use assistance from EVAMAX in identifying opportunities to reduce project costs.

Related: Why do you Need Business Advisory Services

The NRC IRAP has just recently provided $5.6 million in funding to support three companies located in Richmond Hill, ON. The funding provided to these companies was apart of the $56.6 million investment made by the government of Canada through the NRC IRAP. IRAP funding is a key component of the Canadian Innovation and Skills Plan introduced in 2017.

This plan is open to all Canadians with the purpose of making Canada a world leader in innovation, create more and better-paying jobs, and help strengthen the middle class. EVAMAX contributes to Canada’s Innovation and Skills Plan by providing information and services that benefit companies who are partaking in innovative activities. Learn more

Related: How to leverage SR&ED benefits with IRAP funding

The recent $5.6 million funding from NRC IRAP has split among three companies; Applanix Corporation, Opus One Solutions, and Hibar Systems Ltd. Each of the businesses that were granted funding is currently or planning on participating in activities seeking innovation. Applanix Corp. was given $2 million to support the design, development and global commercialization of its next-generation navigation solutions for both land and sea autonomous vehicles.

Related: Government Grants and Funding for Advanced Manufacturing and Engineering

Hibar Systems Ltd, on the other hand, intends to utilize the $2 million they received to support the development of a high-speed lithium-ion battery manufacturing system aimed to meet demand in the mass electric energy storage market. Lastly, Opus One Solutions received $1.6 million to develop software that lowers electricity costs through the integration of distributed energy sources, such as solar and storage.

Related: Government Grants and Funding for Software, IT, AI and Machine Learning

All in all, there are many opportunities for businesses to acquire potential funding and other benefits. There are several companies who are eligible for funding and other grants but do not maximize their entitled benefits.

Related: SR&ED Consulting: Is Your Company Maximizing Potential Benefits?

The Canadian federal government has provided numerous opportunities for companies nationwide to cover the costs of certain activities and projects they undertake. The NRC IRAP helps small and medium-sized businesses to develop technologies and encourages growth among individual businesses and the Canadian innovation system.

At EVAMAX, our job is to help you save money and maximize your potential benefits. Contact EVAMAX today for more information regarding how your company can receive funding through IRAP.




Alliance Grants: How Partnering with Organizations Can Reduce Your Costs

The Natural Sciences and Engineering Research Council of Canada (NSERC) has just recently announced the introduction of Alliance grants. These grants are designed to support research collaborations within Canada’s R&D system through partner organizations. Different sources of funding help you to cover the costs of your project through cash contributions from partner organizations, universities, and other external funding sources.

NSERC also provides funds to cover the direct costs related to your project and any other related research. The amount of funding granted by NSERC is proportionate to the funds provided by partner organizations on a cost-sharing basis.

If you prefer to talk to a grant specialist and learn more about Alliance Grant, EVAMAX can help you.   

Project Budget Table

There are certain costs that can or can not be considered as NSERC related expenses. The list below outlines expenses that are qualified as NSERC-eligible.

  • Direct costs of research
  • Salary support for research trainees, of all qualifications and skill levels, to perform research and related training
  • Materials and supplies
  • Activities that support collaborations and knowledge mobilization related to the project
  • Activities to develop and grow the research collaborations with the partner organizations
  • Costs of equipment provided that the equipment is essential to achieving the objectives of the research project and is incremental to the equipment already available for use
  • Project management costs (for large or multi-party projects only)

Related: SRED: The most generous R&D cash refund Program

Calculating the NSERC Funding Through Cost-Sharing

The Alliance grant is calculated in correspondence to cash contributions from partner organizations who are recognized for cost-sharing. These cash contributions incorporate any funding received to start the project up to 3 months prior to submitting the application, excluding contributions from the university, other funders, and non-recognized cost-sharing partner organizations.

The tables below outline the two cost-sharing options offered by NSERC. Depending on the size and type of partner organizations involved, NSERC will cover a certain percentage of your costs through Alliance grants.

The amount of funding to request from NSERC is calculated by multiplying the applicable cost-sharing percentage by the total cost of the project. Ensure you deduct any contributions from the university, other funders or partner organizations not recognized for cost-sharing from the total project cost before multiplying. EVAMAX can assist your application by providing clarification and ensuring you are claiming all entitled benefits.

Option 1

  • Applications per year: no limit
  • Grant size: $20,000 to $1 million per year
  • Duration: 1 to 5 years
Size of Partner Organization Type of PartnershipNSERC Contributions to Project Costs
Large organizations, including private, public and not-for-profit organizations (500 or more employees globally)As a sole partner organization or in partnership exclusively with other large organizations50% (1:1 leverage)
As a partner with small and medium-sized enterprises such as in a value or supply chain relationship, or with other sectors (private, public, not-for-profit)66% (2:1 leverage)
Small and medium-sized private, public or not-for-profit organizations (fewer than 500 employees globally)As a sole partner organization or in partnership with other sectors (private, public or not-for-profit)66% (2:1 leverage)

Related: Industrial Research Assistance Program (IRAP)

Option 2

  • Applications within a 12-month period:
    • Two for non-academic partners
    • Two for applicants (one as the principal investigator, one as the co-applicant)
  • Grant size: $20,000 to $200,000 per year
  • Duration: 1 to 5 years
Size of Partner OrganizationsType of PartnershipNSERC Contribution to Project Costs
All Partner sizes

Partnership must include one organization that is recognized for NSERC cost-sharing

Exclusively not-for-profit and public partner organizations100%
Any private-sector partner organization; this option requires a 10% cash contribution from the combined partner organizations90%

Related: NSERC: Engage Grants

 Reviewing and Evaluating Your Proposal

The NSERC analyzes each application meticulously and follows a specific approach valuing both financial and non-financial aspects of a company. See below for the four main criterion the NSERC uses to evaluate proposals.

  • Relevance and Outcomes
    • The NSERC examines the impacts of the intended outcomes of the proposal. The environmental, economic and social influences of the outcomes should be beneficial to Canada.
    • The assessment of one’s proposal will also be based on the need and potential of the outcomes of their project
  • Partnership
    • The type, role, and contributions from partner organizations are taken into consideration when evaluating Alliance applications
  • Quality of Proposal
    • NSERC heavily considers the clarity, appropriateness, and justification for expenditures and outcomes
    • It is important to identify how you monitor your progress and evaluate the outcomes of your project
  • Training
    • Ensure there are opportunities to train employees and other necessary parties, regardless of their qualifications
    • NSERC values diversity and gender equity

With regards to the evaluation criteria above, NSERC uses different assessment tools to analyze your proposal.

  • Approximate thresholds
Small ProjectMedium ProjectLarge Project
The average annual request of $20,000 or more, up to $30,000 for 1 to 5 yearsThe average annual request of more than $30,000 and up to $300,000 for 1 to 5 yearsThe average annual request of more than $300,000 and up to $1,000,000 for to 1 to 5 years
  • Review mechanisms
Small ProjectMedium ProjectLarge Project
NSERC File Managers

Evaluation supported by existing NSERC peer review (such as Discovery Grant rating, active Canada Research Chair holders, prior Partnership grants)

If no existing NSERC peer review evidence is available then external reviewers will be used

External Reviewers

With expertise directly related to the proposal


Provide review based on all evaluation criteria

Ad hoc committee of external reviewers

With expertise directly related to the proposal


Provide review based on all evaluation criteria

  • Expected decision time
Small ProjectMedium ProjectLarge Project
4 weeks8-12 weeks12-16 weeks
  • Funding decisions
    • Funds other than those provided by NSERC or cost-sharing can be listed in the project budget table. These funds are assessed when determining the merit of the proposal based on the following criteria
      • How much value they add to the project
      • How appropriate they are for the size of the project
      • How appropriate they are for the partner organization’s role and the desired outcome of the project
    • Each of the four evaluation criterion stated previously are ranked based on indicators of merit. The purpose of this is to determine priority for small, medium and large projects. The range of the merit indicators include:
      • Exceptional
      • Exceeds
      • Meets
      • Does not satisfy

As stated before, Alliance grants were implemented to support research collaborations with partner organizations. NSERC supports university students, promotes discovery research and fosters innovation by providing incentives for companies to participate in postsecondary research projects.

If you are interested with Alliance grant or other sources of NSERC funding, contact EVAMAX for a free consultation.


Canada Summer Jobs 2020


In order to compete and be one of the best, your business must invest in ground-breaking products, processes, and services. The only downside to that is having a sizeable budget specifically for research and development. This is where the importance of government funding can’t be better emphasized.

The government, through the Atlantic Canada Opportunities Agency (ACOA), provides the necessary funds to support a broad range of technical research projects. The Atlantic Innovation Fund (AIF) aims to empower small businesses for business innovations and help them develop technologies that will eventually be ripe for commercialization.

Understanding the Atlantic Innovation Fund

The Atlantic Innovation Fund is a funding program initiated by the government in support of research efforts for innovative technologies. Through this funding program, private-sector research, as well as partnerships with research institutions and the academe, are made possible. Through the AIF, companies can use the granted funds to further develop commercially-viable technology or adaptation projects.

Related: Government Grants for Innovation and Technology

Who Are Eligible for the Atlantic Innovation Fund?

The AIF can help anyone or any entity that wants to:

  • Develop products and services that meet market demands and globalization standards
  • Take on new technology in order to answer business needs or market opportunities
  • Become a competitive member of Atlantic Canada’s new and traditional business sectors

To be eligible for the AIF, an applicant must:

  1. Operate in Atlantic Canada, including and limited to Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island
  2. Be a private-sector business, a post-secondary institution, a research institution, or a provincial Crown corporation

Related: Funding for Scientific Research & Experimental Development 

What Are Project Eligibilities for the Atlantic Innovation Fund?

The AIF provides government funding for companies to develop products and services that are technology-based provided that the project:

  1. Has infallible research and development component
  2. Is developed with a high probability of going commercial
  3. Is on track to provide Atlantic Canada vast economic development opportunities
  4. Supports new or improved technologies
  5. Has scientific and/or technical components
  6. Can be concluded within a minimum of 18 to 36 months or a maximum of five years

Related: Industrial Research Assistance Program (IRAP)

How Much Funding Can Projects Receive from Atlantic Innovation Fund?

Eligible businesses operating in Atlantic Canada may be granted up to 75% of the costs of their eligible projects or up to a maximum of $3 million in research and development funds. Projects requiring less than $500,000 may be directed to a different ACOA program that basically works the same way.

Aside from capital costs, the funding will cover the salaries and wages of employees, as well as other operating expenses relevant to the project. Take note, though, that the funding AIF offers is conditionally-repayable funding, which means repayment amounts and conditions will be set based on the competitiveness of a project. If a project has the potential to rake in benefits for a company and contribute to a broader economy, then there’s a higher chance of getting approved.

Related: IRAP: Could You Be the Next Company to Receive Millions in Funding?

Is There an Application Deadline for AIF?

None. The AIF operates on an open-call basis, which means businesses and research institutions have the opportunity to submit their applications any time of the year.

If you are interested with AIF or other sources of funding, contact EVAMAX for a free consultation. You may also email us at or call 1-877-711-7733



Canada Summer Jobs 2020


Canadian Agricultural Partnership Cost Sharing Opportunities Ontario 2019

Cost-Shared programs by federal, provincial and territorial governments:

Also see: Targeted Opportunities for Businesses

The Canadian Agricultural Partnership (CAP) is a five-year federal-provincial-territorial initiative to increase the competitiveness, prosperity, and sustainability of the agriculture, agri-food and agri-based products sector.

Since its launch, the CAP has been accepting applications in provinces where bilateral agreements have already been arranged, namely Ontario and Quebec.

This investment will be cost-shared on a 60:40 basis and delivered by provinces and territories to ensure programs are tailored to meet regional needs.

Cost Sharing Funding Opportunities in Ontario

Funding is available for Capital Expenses, Marketing, Innovation (advanced manufacturing technology & automation), Training, Business Development, and Infrastructure activities to improve productivity in the agri-food industry.

Funding Type

Cost-sharing (up to 50% of cost sharing for some projects and initiatives)

Eligible Activities & Expenditures

1) Capital Expenses (Equipment purchases/retrofits, construction, software etc.)

2) Enterprise Resource Planning (ERP) Systems implementation & upgrades.

3) Product, Processes & Technology Development & Innovation

4) Food Safety / Traceability Systems

Targeted Opportunities also available

5) Marketing – Domestic & Export

6) Business Plans/ Marketing Plans/ Productivity Plans/ Other Strategic Plans Development

7) Plant & Livestock related infrastructure

Who can apply?

For-profit & Not-for-profit organizations in the following categories are eligible –

Processors i.e. any established company that is a manufacturer and is

  • Currently directly involved in the transformation of agricultural commodities, food, beverage or agri-based bio-products in Ontario may meet the eligibility criteria.

This includes processors:

  • Tobacco-based pharmaceuticals or other bio-products
  • Ornamentals (flowers, shrubs, sod, etc.,  both land-based and greenhouse)
  • Health or nutrition supplements
  • Pet food products


PROCESSORS and ABATTOIRS can apply for Cost-Share Funding until MAY 6, 2019

Fill up the form below and one of our Grant Specialist will get back with you to get your application STARTED!

Regional Economic Growth through Innovation - Steel & Aluminum Initiative

Funding request must be more than $150,000, to a maximum of $1,000,000 per applicant.

Application Intake Begins: March 11, 2019

Submission deadline: April 8, 2019 (Priority)


The purpose of the Steel and Aluminum initiative is to encourage Small and Medium-sized Enterprises (SME) that are heavily invested in the Canadian steel and aluminum industry to innovate and expand manufacturing capacities. Recent developments worldwide have significantly impacted small Canadian businesses. Investments provided by this fund will aim to strengthen the competitiveness and productivity of SME’s.

Funding Type:

FedDev Ontario will provide non-repayable funds on a 45% cost-sharing basis to cover eligible expenses up to a maximum of $1,000,000 per applicant. The grant request must be more than $150,000. Stacking is allowed with other overall government (federal, provincial, municipal) funding capped at 75% of eligible costs.

Eligible Activities:

  • Productivity Improvement: Capacity expansion, adopting or adapting innovative technologies
  • Business Scale up: Implementing best management practices, Market expansion/development
  • Technology Commercialization: Advanced stage project ready for market diversification and growth

Related: Go Global with Regional Economic Growth Innovation (REGI) Programs

Eligible Costs:

  • Cost of labour (e.g., wages and benefits);
  • Capital costs (e.g., purchase of machinery, equipment);
  • Operating costs that are directly related to the project (e.g., management fees), up to 20 percent of the total project cost;
  • Professional, advisory and technical services;
  • Costs related to intellectual property;
  • Technological development and commercial demonstrations;
  • Subcontracting costs;
  • Production and distribution of promotional material and management tools; and/or
  • Maintenance costs.

Who can apply?

  • Any type of business or social enterprise with steel and/or aluminum expenditures making up at least 20 percent of the total cost of goods sold
  • Eligible applicants must also employ 10-499 individuals on a full-time basis in Canada

Related: Fed Dev Ontario Funding for Southern Ontario


Projects submitted before April 8, 2019, will be given priority. The overall funding available is $39 million. If there are funds remaining after applications submitted within the intake period are processed, the remainder of the funds will be allocated on a rolling basis.

To learn more about whether your company qualifies for this funding & for assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process.






Using wood pellets as a substitute for fossil fuels will reduce carbon footprint and greenhouse gas emissions.

“According to the Energy Information Administration, direct thermal conversion of 3 million tons of wood pellets displaces the equivalent of almost 8.5 million barrels of #2 fuel oil – which is 356 million gallons. Making the switch from oil heat to a wood pellet stove or furnace could lead to a 60 to 90% reduction of carbon emissions. ” 

As part of the government promotion for cleaner energy and commitment to advancing the innovative technology in Canada’s Forest Industry, Granule 777 Inc was given a total of $15,000,000 worth of funding.

Announced by Paul Lefebvre, Parliamentary Secretary to the Honourable Amarjeet Sohi, Canada’s Minister of Natural Resources, the funding aims to assist the company in building the first fully integrated industrial wood pellet and sawmill complex in Canada.

In addition, the company was also given a repayable contribution of $5 million to help in buying production equipment.

The said funding was provided through Natural Resources Canada’s Investments in Forest Industry Transformation (IFIT) program and CED’s Quebec Economic Development Program.


Investment in Forest Industry Transformation (IFIT) program

Investment in Forest Industry Transformation (IFIT) programs offers non-repayable contributions for applicants in the Canadian forest Industry who were able to succeed  in implementing their innovative technologies in their facilities.

The very goal of this program is to support projects at the pilot to commercialization phase and to help these technologies reach the market in the future.


THE COMPANY: Granule 777 Inc. and their project

Upon the completion of the new mill, they plan to manufacture 210,000 metric tons of wood pellets per year primarily for export and be able to use 450,000 green metric tons of biomass.  Also, they intend to reduce the reliance on fossil fuels and create 40 new jobs for mill operations.

This innovative venture will certainly have a positive impact to the rural, Indigenous communities and the surrounding regions as it aims to increase Canada’s green electricity production and reduce greenhouse gas emission and also create good jobs and opportunities for Canadians.


Read the latest news on grants and funding! For assistance in preparing your submission and position your application for approval contact EVAMAX Group. Email us at or call 1-877-711-7733





Canada Summer Jobs (CSJ) is an initiative of the Summer Work Experience program. It provides wage subsidies to employers to create employment and summer job opportunities for youth and students. Companies may receive up to 50%-100% in wage subsidies.

Canada Summer Jobs provides funding to not-for-profit organizations, public-sector employers and small businesses with 50 or fewer employees to create summer job opportunities for young people aged 15 to 30 years.


What’s New?

Expanded eligibility: to include all youth between the ages of 15-30 who are legally entitled to work in Canada – not just students.

Updated eligibility criteria: the eligibility criteria have been updated to set out what is and isn’t eligible for funding.

Better job matching and easier hiring: All positions will be posted on Job Bank Canada and on the app, to get the word out and help match young people with employers and good quality jobs.

These changes have been made to complement the Government’s renewal of the Youth Employment Strategy, announced in Budget 2018.

The program objectives have been updated to:

  • Provide quality work experiences for youth;
  • Respond to national and local priorities to improve access to the labour market for youth who face unique barriers; and,
  • Provide opportunities for youth to develop and improve their skills.



Eligible Employers:

Non-For-Profit organizations; public sector employers; and private sector employers with 50 or fewer full-time employees across Canada. Full-time employees are those working 30 hours or more per week with the employer.

The criteria to assess the proposals focus on:

  • Jobs that support local priorities;
  • Jobs that provide career-related experience or early work experience;
  • Employers who provide supervision and mentoring; a safe work environment and service to local communities;
  • Jobs that provide a salary above the provincial or territorial minimum wage.


Application Deadlines:

  • Applications are due by January 25, 2019.
  • The earliest job start date is April 23, 2019.
  • The latest job start date is July 23, 2019.
  • The latest job end date is September 1, 2019.
  • The latest date to submit a payment claim is 30 days following the completion of the CSJ-funded work placement.


For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process.


You may also email us at or call 1-877-711-7733.


Automotive Supplier Competitiveness Improvement Program (ASCIP)



For Companies in Southern Ontario, funding is now available through Fed Dev Ontario for innovative projects that :

  • Increase the number of high-growth firms by supporting the commercialization, adoption/adaptation of new, leading-edge and innovative technologies, products or processes.
  • Strengthen key clusters and build on areas of regional innovation strength.
  • Create and maintain highly skilled jobs.
  • Increase export value by improving business investment
  • Promote inclusive growth and participation of traditionally underrepresented groups such as women, Indigenous and young entrepreneurs.

Funding is available through the following streams to support these results:

1) Business scale-up and productivity

Type of funding:

No-interest, repayable contributions from $500,000 up to $10 million per project.

Organization Eligibility:

  • Innovative and globally-oriented businesses seeking to accelerate their growth.
  • High-potential firms (including accelerator graduates) that are commercializing innovative products, technologies and processes.
  • Firms with scale-up potential looking to improve productivity through the adaptation/adoption of highly innovative, first-of-its-kind technologies with the goal of global competitiveness and market expansion.

Project Eligibility 

Project Objective: 

  • High-growth firms conducting activities to scale up and expand.
  • Technology demonstration and the commercialization of new technologies.
  • Initiatives for early adoption or adaptation of leading-edge technologies and processes to improve productivity.
  • Increase businesses’ capacity to grow through market diversification and entry into global markets.

Examples of project activities include:

  • Leveraging risk capital to accelerate the commercialization of products and services geared towards market diversification and growth.
  • Automating and digitizing processes, and related skills development, to improve productivity and increase business capacity and competitiveness.


2) Regional innovation ecosystems

Type of funding:

  • Non-repayable contributions from $500,000 up to $10 million per project.\

Organization Eligibility:

  • Not-for-profit organizations who contribute to fueling an entrepreneurial environment conducive to business innovation and growth.
  • Regional economic stakeholders who promote the entrepreneurial talent of underrepresented groups, including women, Indigenous peoples and young entrepreneurs.

Project Eligibility 

Project Objective: 

  • Grow and sustain strategic clusters and consortia that support businesses to scale up and commercialize innovative products, technologies and services.
  • Enhance the development and reach of business incubators, accelerators, and other organizations, which support entrepreneurs, start-ups and innovative companies with high-growth potential.
  • Support projects led by innovation-oriented organizations to increase and promote business productivity and global competiveness, and investment and talent attraction.

Examples of projects include:

  • Encouraging the first customer for new technologies, products or services.
  • Delivering seed funding, mentoring, networking opportunities and other programs and services to enable the commercialization of new technologies by southern Ontario firms.


3)Community Economic Development and Diversification

If you are a not-for-profit looking organization focused on economic transformation in your community, learn more how to apply:

Type of funding:

  • Non-repayable contributions from $250,000 up to $5 million per project for not-for-profit organizations.
  • No interest, repayable contributions from $250,000 up to $5 million per project for incorporated businesses, including Indigenous businesses.

Project Eligibility 

Project Objective: 

  • Enhance business attraction, investment, retention and employment opportunities in southern Ontario communities.
  • Develop and expand collaborative efforts that strengthen regional competitiveness.
  • Support regional businesses, hubs and communities with the goal of economic diversification, integration and transformation.

Examples of projects include:

  • Creating financing opportunities to reduce risk and enable businesses to make investments in innovative technologies.
  • Integrating local businesses into national or global supply chains.

Source: Fed Dev Ontario


To learn more about whether your company qualifies for this funding & for assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process.

You may also email us at or call 1-877-711-7733


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On December 3, 2018, The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister announced a new funding program that will be dedicated to carrying out business scale-up and assist high potential Canadian businesses to thrive in the future.

As mentioned by Navdeep Bains, the said funding Regional Economic Growth Innovation (REGI) program will be accessed in all regions of Canada as he believes that innovation doesn’t only happen in big cities.

The new program will provide consistent support to regions across the country to ensure that innovative businesses anywhere in Canada will have the opportunity to grow, have access to global markets and adopt new technologies and processes. In which will eventually fuel the economy.

Related:Regional Economic Growth through Innovation  Steel & Aluminum Initiative

Under REGI, innovation funding programs across all of Canada’s six RDAs will focus on these new streams:

  • Business scale-up and productivity

Investing in and supporting businesses at various stages of development, including high-growth firms, to accelerate their growth, assist them in scaling up and enhance their productivity and competitiveness in both domestic and global markets.

  • Regional innovation ecosystems

To create, grow and nurture inclusive regional ecosystems that support business needs and foster an entrepreneurial environment conducive to innovation, growth, and competitiveness.

While REGI will focus on these streams, Regional Development Agencies, such as FED Dev Ontario will continue to support businesses and communities through existing programming to foster economic development opportunities and diversification in their regions.

Related: IRAP: Could You Be the Next Company to Receive Millions in Funding?

Learn more about the regional programs by Fed Dev Ontario & see how EVAMAX can help you succeed in your application for funding. 


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