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The Southwestern Ontario Development Fund (SWODF) offers funding through the “Business Stream” for business development and the expansion of SMEs located in the Southwestern Ontario region, with a focus on creating jobs, attracting new investments and facilitating new business initiatives. Funding can be used to support projects that involve investing in new capital equipment, developing skills, enhancing productivity, and developing new infrastructure. These sectors are eligible for funding through SWODF: Advanced Manufacturing, Life Sciences, Processing (primary and secondary), Tourism, Information and Communication Technology and Cultural Industries.
Note: Small Community Pilot Stream: Small businesses with 5-10 employees in communities with a population of 20K or less who meet the eligibility requirements of SWODF with the following exceptions: Investment of $200K over 4 years and 50% increase in number of employees.
The Southwestern Ontario Development Fund offers a Regional Stream of funding to support initiatives initiated by communities to develop new economic opportunities through encouraging collaboration and clustering, attracting new businesses, and creating and sustaining jobs. Sectors eligible for funding under this stream are: Advanced Manufacturing, Processing (primary and secondary), Life Sciences, Information and Communication Technology, Tourism and Cultural Industries.