The Northern Ontario Heritage Fund Corporation (NOHFC) is willing to support entrepreneurship opportunities across the North with up to $125,000 in Canadian Government funding per project via the Northern Ontario Entrepreneur Program. This Ontario government funding program aims to mobilize motivated entrepreneurs in the North to secure a prosperous economy and foster long-term job creation.
Funding for Small Business Eligibility
The following are eligibility requirements for the Northern Ontario Entrepreneur Program:
- Proposed new business must operate full-time and result in job creation in Northern Ontario
- Residents of Northern Ontario who plan to start their own for-profit business in the North
- New venture cannot be an expansion of a similar business owned by the entrepreneur
Eligible costs for this Ontario government funding for business can include leasehold improvements, capital costs related to starting a new business and marketing costs totaling up to 20% of eligible project costs. The NOHFC may provide a conditional grant of up to 50% of eligible costs and not to exceed $125,000 per project. The entrepreneur must make a cash investment in the business of no less than 10% of the NOHFC’s conditional grant. Lastly, the NOHFC funding when combine with other provincial or federal government funding will not exceed 75% of eligible costs.
Further Investigate this Government Grants for Small Business Opportunity
Look to one of the following links to answer further questions you have regarding this small business government grants program:
Contact A Canadian Government Funding Expert
If you are interested in applying to one of the Northern Ontario Heritage Fund Corporation’s (NOHFC) programs and would like to receive additional support and guidance, I strongly encourage you to contact Mentor Works, the Canadian Government Funding Experts. You can also sign up for one of our 60 Minute Government Funding Workshops or follow us on Twitter for current updates.