Funds to accelerate business growth in Northern Ontario

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About the program

Get a repayable contribution of up to $500,000 to cover up to 50% of eligible costs for a project that focuses on growth, productivity, technology adoption, market development and investment attraction.

The Business Scale-up and Productivity (BSP) Stream aims to accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become competitive in both domestic and global markets.

Through this program, FedNor seeks to:

  • Assist Northern Ontario firms to scale up and expand.
  • Support technology demonstration and the commercialization of new technologies.
  • Encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity.
  • Increase businesses’ capacity to grow through market diversification and entry into domestic and global markets.

FedNor is targeting investments in innovative and trade-oriented businesses seeking to accelerate their growth.

Businesses: including an individual operating a business, partnerships, social enterprises, incorporated companies, corporations or co-operatives, or an Indigenous organization such as Indigenous/First Nation/Métis Settlement owned businesses, and all other types of enterprises.

Not-for-profit organizations: that provide services to businesses to support different stages of development to accelerate growth, enhance and assist scale-up (productivity enhancement, technology adoption, demonstration, etc.) or market expansion (e.g., sector based business-groups or associations, regional export promotion organizations, etc.).

Priority will be given to businesses.


  • To be considered eligible, project benefits must accrue to Northern Ontario.
  • All eligible applicants must be legal entities capable of entering into legally binding agreements.
  • To be considered eligible for funding, applicants must demonstrate:
  • A sustainable business model normally supported by two (2) years of operations.
  • Financial capacity to complete the project and repay the contribution in full.
  • Managerial, technical, and operational capacity to achieve the project’s stated objectives in a timely manner.
  • Market/industry demand (e.g., how the project addresses a significant gap in the market; global opportunity to be seized within Canada; and evidence that Northern Ontario is uniquely positioned to capture market share).
  • Potential for market growth, diversification of export markets and/or participation in global value chains.
  • A viable project plan with achievable outcomes, supported by verifiable cost estimates.

This program is not intended to support smaller start-ups and entrepreneurs. Those entities may be eligible for Fed Nor funding as part of projects supported under the regional innovation ecosystems Stream (RIE) (e.g., business accelerators and incubators).

How to apply

Give your application the best chance at approval. AKR Consulting has an 99% approval rating across all<u> Canadian funding programs.</u>

For any inquiry, please call: AKR Consulting Canada at 905-678-6368


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