The Northern Ontario Heritage Fund Corporation (NOHFC) is a federal government organization that administers funding programs for growing businesses. As one of Canada’s six regional development agencies (RDAs), NOHFC has the mandate of developing incentives that help businesses and municipalities alike. Its programs help attract wealth to Northern Ontario while helping businesses improve their competitiveness.
Through NOHFC grants and loans, Northern Ontario companies can reduce eligible project expenses by up to 50% or more.
To qualify for NOHFC’s Ontario government funding programs, businesses must meet the specifications of a given funding stream. Each NOHFC funding program offers slightly different eligibility criteria, which makes application planning a highly-effective way to improve your likelihood of funding success. Continue reading this blog to learn more about how to qualify for NOHFC’s business funding streams.
What Business Funding Programs Does NOHFC Offer?
While there are multiple streams of government funding offered by the Northern Ontario Heritage Fund Corporation (NOHFC), there are three main incentives delivered to businesses. Other streams (not listed here) are a good fit for non-profit organizations but do not provide support for business applicants.
Three NOHFC incentives that provide the most support to Northern Ontario businesses include:
- The Northern Business Opportunity Program: Focuses on business expansion and investment projects that lead to new jobs and economic activity in Northern Ontario.
- Northern Innovation Program: Focuses on research and development projects that have a sustained benefit to businesses operating in Northern Ontario.
- Northern Ontario Internship Program: Focuses on the hiring of a recent post-secondary graduate and providing relevant work experience in their field of study.
These programs each have multiple streams of support. Funding amounts depend on the project stream chosen, and eligible project expenses that are incurred. For more information on the purpose and funding potential of each NOHFC stream, please read Mentor Works’ NOHFC overview blog.
NOHFC Northern Ontario Government Funding Eligibility
Trying to understand who and what qualifies for NOHFC Northern Ontario business grants and loans? Often, the best approach is considering which economic sectors NOHFC prioritizes for funding. Companies have the most flexibility when applying to funding programs if they are in one of NOHFC’s priority sectors, which include:
[eva_sh_column add_item=”Add Column” element_custom_class=”list-column”][eva_sh_column_item column_size=”1 / 2″]
- Advanced manufacturing;
- Agriculture, aquaculture, and food processing;
- Digital economy;
- Renewable energy and services;
- Health sciences;
- Water technologies and services;
[/eva_sh_column_item][eva_sh_column_item column_size=”1 / 2″]
- Transportation, aviation, and aerospace;
- Forestry and value-added forestry-related industries;
- Minerals sector and mining supply and services;
- Arts, culture, and creative industries; and
If your business operates in one of the above sectors, use the following tables to explore each stream of NOHFC’s incentives and learn if they’re a good fit for your upcoming projects.
Northern Business Opportunity Program
|Stream||Organization Eligibility||Eligible Project Expenses|
|New Investment Projects||Competitive, profitable businesses not currently located in Northern Ontario.||All new business investments in Northern Ontario, given the company does not have current operations and will be creating new jobs in the province.|
|Small Business Startup Projects||For-profit in NOHFC’s target sectors.||New or used equipment purchases, third-party training, information and communications technology (ICT) costs including software, and leasehold improvements.|
|Business Expansion Projects||For-profit in NOHFC’s target sectors.||Capital investments including construction and new or used equipment purchases. Software and training costs may also be included.|
|Film & Television Industry Projects||Canadian-owned and controlled corporations owning all project production rights. Must have the commitment of a distributor or broadcaster.||All costs, including labour, that are incurred in Ontario.|
Northern Innovation Program
|Stream||Organization Eligibility||Eligible Project Expenses|
|Applied Technology Research & Development Projects||For-profit companies, either independent or part of a post-secondary research collaboration.||Internal labour costs, prototyping, testing, and intellectual property (IP) protection.|
|Opportunity Assessment Projects||For-profit companies researching, developing, or commercializing new technologies in collaboration with a not-for-profit research institution.||Fee-for-service costs charged by the research institution, including technical, market, and financial feasibility studies, and the development of commercialization strategies.|
|Pilot Demonstration & Commercialization Projects||For-profit companies, either independent or part of a collaboration with research institutions.||Project-related labour costs, building construction or renovations, demonstration prototype costs, product certification, and trade show marketing costs.|
Northern Ontario Internship Program
|Organization Eligibility||Eligible Project Expenses|
|Public, private, and non-profit organizations within NOHFC’s target sectors.||The salary of a recent graduate being employed full-time.|
To learn more about each program, including the amount of funding your organization may be able to receive, please access Mentor Works’ NOHFC program overview blog.
Apply for NOHFC Northern Ontario Business Grants and Loans
While each NOHFC program has a slightly different application process, most programs require an eight- to 10-page critical review of the project with additional budget and financial details. High-priority projects display the potential to bring economic prosperity to Northern Ontario through investment and the creation/maintenance of high-value jobs.
To discuss your eligibility for NOHFC grants and loans and explore your options for navigating the government funding process, please contact Mentor Works.