Advanced Manufacturing and Innovation Competitiveness (AMIC)

Amount of Funding

Successful applicants may receive the following funding contributions:

• Loans: Access up to 15% of eligible project costs to a maximum of an interest-free $5 million loan (up to four years);

  • Should the company achieve their investment or upskilling targets, a portion of the loan (up to 30%) may be forgiven.

• Grants: Access up to 15% of eligible project costs to a maximum of $500,000 for small companies and $1.5 million.

Eligible Applicants

Applicants may be eligible if they meet these criteria:

• Applicants are in an advanced manufacturing sector such as:

  • Aerospace;

  • Automotive;

  • Chemical;

  • ICT;

  • Steel; and

  • Life Sciences.

• Applicants must have a minimum of three years of financial statements;

• Applicants must have 10 employees or more;

• Commit to creating or upskilling a minimum of five new or current jobs;

• Be investing a minimum of $500K in the project; and

• Be located in, or plan to locate in, a community in Ontario.

Eligible Activities

Projects may be eligible if they include:

• Creating jobs in Ontario and build Ontario’s talent pool;

• Acquiring capital equipment;

• Adopting technology;

• Skills development

• Drive innovation and cluster development;

• Help Ontario manufacturing companies adopt new technologies to improve outputs and competitiveness on a global scale;

• Attract private sector investments; and

• Stimulate Ontario’s economy and increase sector growth.

Program Deadline

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