Forest Sector Investment and Innovation Program (FSIIP)

Amount of Funding

There are two streams of funding for this program that vary in their funding allotments:

• Business projects: May receive a loan of up to 30% of eligible cost (50% of which may be forgivable). Stacking government funding programs not permitted.

• Collaboration projects: May receive up to 30% of eligible cost via a grant which may amount to a maximum of $3 million. Stacking other government funding programs may be permitted as long as the total funding support does not surpass 50%.

Eligible Applicants

Eligibility for funding varies between funding streams:

• Business projects:

  • Saw mills;

  • Pulp and paper mills;

  • Secondary wood manufacturers; and

  • Bio-economy projects.

• Collaboration projects:

  • Businesses that are in the forest sector and for-profit;

  • Not-for-profit organizations in research capacity;

  • Forest industry associations; and

  • Academia

Eligible Activities

Eligible activities for both streams must provide the following benefits for the forest sector:

• Increase competition and productivity output;

• Generate more innovation;

• Expand market access for Ontario businesses;

• Make Ontario a stronger competitor on the global market; and

• Make regional economies more robust.

Program Deadline

Speak with a member of our team to find the latest intake period info for this program.