Maker North Inc., an additive manufacturing company in Sault Ste. Marie, Ontario, has recently received Northern Ontario government funding to support the growth of their business. The funding will allow Maker North to form a streamlined and cost-efficient process for manufacturing prototypes to support the development of surrounding local businesses and entrepreneurs in their business activities. As well, it will support the creation of six jobs.
Maker North Inc. has received $178,000 in grants from the Northern Ontario Heritage Fund Corporation (NOHFC).
The Northern Ontario Heritage Fund Corporation (NOHFC) was specifically designed to support and encourage business growth in Northern Ontario. NOHFC funding enables businesses to receive financial support for a wide range of projects that will improve local business settings and attract investment and innovation.
$178k in Northern Ontario Business Grants Awarded to Maker North
Maker North Inc. is an additive manufacturing business located in Sault Ste. Marie, Ontario. Their services include designing, 3D printing, prototype development, and laser cutting. Their unique client base varies from entrepreneurs seeking expertise and technology to bring their prototypes to market, to individuals who are on the path to mass production of their own goods.
Maker North is the recipient of $178k of Northern Ontario government funding.
Manufacturing grants from the Northern Ontario Heritage Fund Corporation are allowing the company to create two part-time jobs and four full-time jobs. In addition, they will purchase and integrate new technology, providing the opportunity to adapt to the growing digital economy.
As Maker North is able to provide the manufacturing and technology resources needed for local businesses, this allows those companies and entrepreneurs to keep their business endeavors in Sault Ste. Marie. Since the company was founded in February 2017, they have already been involved in over 30 projects, with products ranging from key chains to signs.
About the Northern Ontario Heritage Fund Corporation (NOHFC)
The Northern Ontario Heritage Fund Corporation is a federal government organization that administers multiple streams of funding programs to support the growth of businesses. NOHFC was designed to attract wealth to Northern Ontario while helping businesses improve their competitiveness.
The NOHFC program provides up to 50% coverage of project costs to a maximum $1 million in Northern Ontario business grants.
NOHFC funding provides a wide range of programs available to Northern Ontario businesses to support strategic growth projects. Three of the top programs include:
- Northern Innovation Program: Supports the research and development of new technologies between businesses, academic institutions, and research facilities in Northern Ontario.
- Northern Ontario Internship Program: Supports the hiring of recent post-secondary graduates in Northern Ontario in a variety of key industries.
- Northern Business Opportunity Program: Supports business expansion investment projects that lead to economic growth in Northern Ontario.
Companies that could be deemed eligible for Northern Ontario business grants from NOHFC must fall into priority sectors such as advanced manufacturing, health sciences, tourism, transportation, digital economy, renewable energy, water technologies, and mining supply and services.
Northern Ontario organizations interested in learning more about NOHFC and other funding programs to support the growth of their business are encouraged to register for Mentor Works’ Government Funding Snapshot newsletter.