The Federal Economic Development Agency for Northern Ontario (FedNor) has teamed up with Innovation Initiatives Ontario North (IION) to develop the Step Forward Entrepreneurs Program (SFEP). SFEP offers non-repayable grant funding for small business owners in Northern Ontario to expand their sales and product offerings through several funded activities.
Step Forward Entrepreneurs Program (SFEP) – Funding Details
The SFEP program provides up to $5,000 in non-repayable government grants for small business development and marketing activities deemed eligible under the program guidelines. Applicants are expected to contribute approximately 18% of the government funding amounts requested.
Eligible Government Funding Applicants
In order to be eligible to apply, applicants must be an established for-profit entity located in one of the following regions/municipalities:
- West Nipissing
- Parry Sound
Funding is intended to support small-medium sized enterprises (SMEs) that are looking to expand their client base or commercialize and bring new products to market. Businesses operating as distributors or re-sellers would not be considered eligible to receive funding through SFEP.
Eligible Program Activities and Costs
SFEP provides grant funding for business owners to employ new or contracted expertise and services related to the following list of activities:
- Product/Market Feasibility Studies
- Product Research, testing or shipping
- IP Assessment/Protection
- Certifications, Licences, Market-entry Fees
- Third party management support or training
- Process mapping/Capacity development
- Assessments for New Technology and Software
- Lean manufacturing and productivity studies.
Sales and Marketing
- Trade Show Exhibits
- Marketing/Promotional Materials
- Travel Expenses
- Sales Training
- Test Marketing
- Strategic Planning
- Market Research
Canadian Government Funding for Start-Up Business Ventures
Those interested in learning more about the alternative Canadian Government Grants for Small Business and Start-ups can browse through our funding articles regarding Canadian Entrepreneurs & Start-Ups or subscribe to our Weekly Canadian Government Funding E-Newsletter and follow our posts on Twitter, LinkedIn, Facebook, and Google+. Ontario startups can also receive additional funding advice by getting into contact with their local Regional Innovation Centre (RIC).