Innovation Training – Government Funding for Small Business
-
Announced on Nov. 30th, 2009, FedDev has provided an intake of funds to the Yves Landry Foundation for Southern Ontario SME’s. To apply for this maximum contribution of $50k, you must be in business for at least 3 years in Ontario, have between 15-1500 employees and have a product for sale. This government funding mechanism will support training initiatives of internal staff to foster innovation in new materials or processes.
To receive Small Business Financing, there is a short timeline to apply and project must be completed by June 30, 2010. Additional details at The Yves Landry Foundation.
It is an objective where manufacturing companies can apply for $50k contribution and non-repayable. It includes 75% of direct and indirect labor costs as part of the training initiatives to support innovation. This mechanism focuses on people and productivity improvements where you must select a project that serves either of the two objectives. They are:
Objective 1 – training that will support the adaptation of new technology, new processes or procedures or any change within the company to support innovation.
Objective 2 – training that will support and develop highly skilled personnel in any area that leads to innovation. This can include the development of new engineering skills, training in the use of new equipment or other tools/software to support innovation, retraining to embrace new technologies, new mfg methods or any other business area that will make Ontario Mfg Company more competitive in the global market.
Your first step is to review the eligibility document and submit a one-two pager about your project by email.
At Mentor Works, we serve business owners by educating, completing and selecting government funding mechanism that provide financing options for growth. If you would like additional support to complete the application process and learn of others, please do not hesitate to contact us.
About The Author
Bernadeen McLeod
With considerable expertise in government funding, both on a federal and provincial level, Bernadeen has secured grant funding and low interest loans for small-medium size business owners in Southern Ontario. She likes to play to win, and understands the importance of cash flow and margins. She enables her clients to succeed through her passionate belief that there are no boundaries or limits to what can be achieved. Add Bernadeed McLeod to your Google+ Circles.
Leave a Reply
Our Locations
About Mentor Works