New federal government funding that will support the growth of knowledge-based industry SMEs through loans addressing all aspects of innovative business challenges. Objectives are to foster creation of jobs, increase market penetration, improve competitiveness and ensure stability in participating organizations.
- Amount: Loans from $150,000-$500,000 at an interest rate ranging approximately from 8%-12%.
- Timeline: Open and accepting applications.
- Eligibility: Employ 50-500 employees, operate in Southern Ontario, ability to repay loan, project demonstrates job creation and will provide either late stage commercialization, new product or service development, development or implementation of new processes or technologies, or new applications or markets.
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