Deadline: 22-Sep-22
Applications for Regional Development Program: Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream are now open.
This Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream of the Regional Development Program will provide financial support to advanced manufacturing companies with a focus on small and medium-sized enterprises (SME) across Ontario by way of investments in capital equipment, technology adoption and skills development that will accelerate recovery in Ontario and place our companies in competitive global positions.
The types of support available include:
- funding support
- complementary services and support
The fund supports projects that:
- create jobs and build talent
- attract and encourage private sector investment
- help companies to adopt technologies to improve their competitiveness
- lead to business growth and broad positive economic impacts
- encourage innovation, collaboration and cluster development
Funding Information
Grants are available only for specific circumstances, up to 15% to a maximum:
- of $500,000 for small companies located in rural communities
- of $1.5 million for strategic projects that are foreign direct investments or from companies competing against other jurisdictions or companies with significant reshoring projects
Selection Criteria
Successful projects must:
- align with the fund’s goals of supporting advanced manufacturing
- support job creation or upskilling
- provide economic benefits
- be achievable (for example, applicants need to have the necessary financing, project management structure and experience to implement the project)
For more information, visit https://www.ontario.ca/page/available-funding-opportunities-ontario-government#section-16
