bigstock-Close-up-of-CNC-machine-at-wor-29788178As a part of The Federal Government’s Action Plan the Advanced Manufacturing Fund will distribute up to $200 million in funding to small businesses through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

Advanced Manufacturing Fund to Promote Innovation & Boost Competitiveness

The Advanced Manufacturing Fund will support Ontario businesses that invest in the creation of new and innovative products and production methods. Repayable contributions of up to $20 million per project are available for Ontario-based companies that are manufacturing and/or performing research and development.

Grants Available to Not-for Profits through the Advanced Manufacturing Fund

Non-repayable contributions are also available to not-for-profit and post-secondary institutions that are collaborating with Ontario manufacturers.

Advanced Manufacturing Fund –Details of Funding

Application intake for 2014 and 2015 has been established as follows:

  • INTAKE 2014: December 9, 2013 – October 1, 2014;
  • INTAKE 2015: January 1, 2015 – October 1, 2015.

The Advanced Manufacturing Fund will contribute from $10 million to $20 million in funding, up to 50% of eligible project costs.

Companies can only have one winning application in 2014, but those who do not win can revise and resubmit their application in 2015.

Repayment of funds begins within one year of project completion.

Advanced Manufacturing Fund –Company Eligibility

Established, For-profit businesses in Ontario that are incorporated in Canada are eligible to apply for the Advanced Manufacturing Fund.  In order to qualify, firms must also be:

  • Undertaking manufacturing and research and development (R&D) activities in Ontario; or,
  • Undertaking manufacturing activities in Ontario; and,
  • Have sustainable business model and track record of profitability

Looking for Additional Information on the Advanced Manufacturing Fund (AMF)?

Find out more by choosing  from one of the following options:

Program-OverviewEligibility-CriteriaGet-Started

Ontario Small Business Loans Support Services

Learn more about small business grants and loans programs that are available to help your business overcome financial obstacles to faster, and safer growth.  Connect with Mentor Works small business grants and loans experts today.  And don’t forget to sign up for our weekly government funding e-newsletter.

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Written by

Ryan has a BA in economics, an MSc in management, and several published works including two books. As Marketing Analyst at Mentor Works, Ryan enjoys communicating with business owners & executives about government grants and funding available to help overcome obstacles to growth.

Comments 2

13 February 2014 Reply

Ryan:

We have established an 60 sq.ft automotive plastic and metal parts manufacturing facility in Ontario. Would like to speak to you about the incentives that we may be eligible to apply for.

Steven

Thanks

21 February 2014 Reply

Hello Steven,
Its not enough information with which to give a recommendation. However, if you are an established firm of 15 employees or more and have been incorporated for at least 3 years I would suggest you attend a free workshop or webinar: http://www.mentorworks.ca/events/

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