Southern Ontario Fund for Investment in Innovation (SOFII)

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.

  • Amount: Repayable funding from $150,000-$500,000 at an interest rate ranging approximately from 8%-12%.
  • Timeline: Open and accepting applications.
  • Eligibility: Southern Ontario businesses with 50-500 employees and the ability to repay Ontario government loans.
  • Project Focus: Late-stage commercialization, new product or service development, development or implementation of new processes or technologies, or new applications or markets.

 Top SOFII Resources:

  • SOFII Overview Blog: An overview of the SOFII business loans program. It includes basic eligibility factors, the type of loan and what to expect.
  • SOFII Eligibility Criteria Blog: Learn how to qualify for SOFII small business loans Ontario. This details eligibility factors as well as the step by step application process.

Recent Southern Ontario Fund for Investment in Innovation News:

Canadian Government Funding for Small Business

Posted: July 5, 2012 by Chris Casemore. Updated: June 4, 2018 by Jeff Shepherd.