Southern Ontario Fund for Investment in Innovation (SOFII)
Receive up to $150k to $500k in Repayable Funding.
The Southern Ontario Fund for Investment in Innovation (SOFII) provides Canadian government funding to support the growth of knowledge-based industry SMEs through loans addressing all aspects of innovative business challenges. Its objectives are to foster job creation, increase market penetration, improve competitiveness and ensure stability in participating organizations.
Repayable funding from $150,000-$500,000 at an interest rate ranging approximately from 8%-12%.
Southern Ontario businesses with 50-500 employees and the ability to repay Ontario government loans are eligible to apply.
Late-stage commercialization, new product or service development, development or implementation of new processes or technologies, or new applications or markets.
Deadline to Apply
The Southern Ontario Fund for Investment in Innovation is currently open and accepting applications.