The NOHFC INVEST North Program is a Northern Ontario grant for business expansion and productivity projects. It helps companies invest in facilities, equipment, technology, and growth initiatives that create economic benefits in the region.
Industries
Location
A conditional contribution of up to 50% of total eligible costs to a maximum of $500,000 for R&D only projects and up to $2M for combined R&D and demonstration & commercialization projects.
Up to 50% of eligible costs to a maximum of $1M as a conditional contribution for the duration of the project.
A conditional contribution of up to 50% of total eligible costs to a maximum of $200,000.
Funding can be provided through three options:
Conditional contribution only of up to 20% of total eligible costs to a maximum of $400,000.
Conditional contribution of up to 20% of total eligible costs to a maximum of $400,000, plus a term loan of up to 30% of total eligible costs to a maximum of $600,000.
Term loan only of up to 50% of total eligible costs to a maximum of $1M.
A conditional contribution or a combination of a conditional contribution and term loan, on a case-by-case basis based on net economic benefit to Northern Ontario, to a maximum of $5M.
Conditional contribution up to 50% to a maximum of $1M, consisting of the following breakdown:
50% of tile drainage contractor costs to a maximum of $500 per acre, and
100% of the project management/admin fees which is calculated as 10% of the contactor costs to a maximum of $100 per acre.
Innovation Stream
Private sector businesses alone, or in partnership with a public sector academic or research institution.
Northern Ontario universities, colleges, and research institutions.
Businesses starting-up operations in Northern Ontario.
Businesses expanding operations in Northern Ontario.
Businesses locating new business operations in Northern Ontario.
Not-for-profit, agricultural or community organizations that would, on behalf of an identified consortium, develop and administer a project to install tile drainage within a specific region.
Innovation Stream
Applied research & development projects, and demonstration & commercialization of new and innovative technologies. Eligible costs include, but are not limited to: technical labour costs, prototyping costs, product testing, IP costs, and R&D services.
Must fit with the applicant institution’s strategic research plan, have a private sector partner, and be focused on business problem solving, and/ or working towards the commercialization of a product or process in Northern Ontario.
Expenses related to starting-up operations in Northern Ontario, including capital construction, leasehold improvements, new or used equipment, land servicing costs, information & communication technology investments, marketing for new products and services (capped at 20%), and training costs incurred with third parties (capped at 20%).
Expenses related to expanding operations in Northern Ontario, including capital construction, leasehold improvements, new or used equipment, land servicing costs, information & communication technology investments, marketing for new products and services (capped at 20%), and training costs incurred with third parties (capped at 20%).
Expenses related to locating operations in Northern Ontario, including capital construction, leasehold improvements, new or used equipment, land servicing costs, information & communication technology investments, marketing for new products and services (capped at 20%), and training costs incurred with third parties (capped at 20%).
Land to be tiled can be in production or new acreage. Eligible expenses include tile drainage contractor costs and project management/administration fees.
Speak with a member of our team to find the latest intake period info for this program.
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