Government Funding for Foreign Direct Investment in York Region

Government funding programs can support a range of business expansion projects. When accessed regularly, these grants and loans accelerate business growth and steadily improve profitability. This approach to project financing provides business with the competitive edge needed to excel.

Mentor Works is proud to partner with Invest in York to inform internationally-owned businesses about the government funding programs available to support continued growth and success. Mentor Works can also improve the application process for many of these programs through our unique Proactive Funding Approach™.

Explore the following programs to gain insight into government grants and loans that could have an immediate impact on your business’ success. You may also access funding resources to deepen your understanding of the project planning and application process.

Build a Government Funding Plan: Receive larger government funding contributions by matching upcoming projects to funding programs. Access this free slide deck.

Find Funding for Your Business’ Top Strategic Priorities

*Click on one of the following categories to view active funding programs.


Government Funding Programs for Business Expansion

CanExport 

CanExport provides support for export marketing and international expansion activities. The program will fund up to 1000 exporters per year and help them to improve their sales and brand exposure in international markets through trade shows and marketing activities, packaging modifications, and market research. Read More

  • Amount: Up to 50% of eligible expenses or $10,000-50,000 in cost matching funds per application. Up to two applications can be submitted per government fiscal year (April 1 to March 31).
  • Timeline: Continuous intake of applications. Apply 5-6 weeks ahead of incurring eligible project expenses. Only one project open at any one time.
  • Eligibility: 1-250 people on payroll, $200k-50M in annual, taxed revenues, 1+ years incorporated or a limited liability partnership (LLP). Markets must be under-developed, including countries where less than $20,000 or 10% of international sales have been generated in the past 24 months.

Apply for this Canadian Government Funding Program

Build in Canada Innovation Program (BCIP)

The program aims to support innovation and create high-value jobs to support Canada’s economy. BCIP helps companies overcome the pre-commercialization funding gap by giving them the opportunity display their products and services to the federal government for possible procurement and intensive testing procedures to ensure its suitability for market and government contracts. Read More

  • Amount: Contracts of up to $500,000 (Standard Innovations) or up to $1,000,000 (Military Innovations).
  • Timeline: Continuous call for proposals; businesses should consider finding a government testing partner prior to application. Read More
  • Eligibility: BCIP offers Canadian innovators an opportunity to enter the marketplace that have not yet derived revenue from the related product or technology. Applicants must have an interested government party to write into their proposal.


Government Funding for Research and Development

Strategic Innovation Fund (SIF)

Offers Canadian industrial and technology-based businesses with financial support to fuel company expansion and R&D of products, processes, and services. Specifically, it accelerates technology transfer and commercialization of innovative products, processes and services; facilitates the growth and expansion of firms in Canada; attracts and retains large-scale investments to Canada; and advances industrial R&D through collaboration between academia, non-profits and the private sector. Read More

  • Amount: Minimum funding contribution of $10 million per project. Type of financial support awarded is at the discretion of the program; this can consist of a combination of repayable financial support and/or financial reimbursements up to 50% of project costs.
  • Timeline: Open. Streams 1-3 on continuous intake and stream 4 on annual intake dates. Successfully funded projects may take up to five years to complete.
  • Eligibility: Incorporated Canadian businesses with high growth potential and the ability to drive innovation.

Apply for this Canadian Government Funding Program

Industrial Research Assistance Program (IRAP)

The Industrial Research Assistance Program offers funding for technical or research oriented projects to solve an internal innovation challenge. Funding supports software implementation, productivity improvements, and production design or marketing projects. Not suited for training projects. Read More

  • Amount: Up to $10M non-repayable grant with 80% of direct labour and 50% of sub-contractor expenses.
  • Timeline: Federal funding released April 1 each year. Projects can take place from April 1 to March 31 of the following year. If you apply mid-cycle, your project must be completed by March 31st.
  • Eligibility: 1-500 people on payroll, 2 years incorporated with internal technical R&D expertise.

NSERC Engage

Natural Sciences and Engineering Research Council (NSERC) offers a short-term research or development project aimed at addressing a company specific problem, carried out in a 4-6 month period. Engage connects businesses to university researchers for new R&D partnerships. Requires a 183A Letter of Support from Company. Read More

  • Amount: Up to $25,000 from NSERC. No cash required from company, however company in-kind contributions are expected.
  • Timeline: Rolling applications, no deadlines, 4-6 week turnaround on approvals.
  • Eligibility: Company must operate from a Canadian facility. Eligible collaborations include focused projects with specific short-term objectives with an academic researcher from a Canadian University. No limit on how many Engage grants that a company can hold. Read More

Apply for this Canadian Government Funding Program

NSERC Collaborative Research and Development (CRD)

The Collaborative Research and Development (CRD) program can be stacked with NSERC Engage, using the same faculty partners for projects up to 5 years in length to solve a larger R&D issue. Read More

  • Amount: 25-50% of project expenses to a maximum $200,000.
  • Timeline: Rolling applications, no deadlines.
  • Eligibility: Company must operate from a Canadian base. IP ownership to be agreed on by both partners.

Apply for this Canadian Government Funding Program

SD Tech Fund: Sustainable Technology Canada 

Subsidizes expenses related to late stage development of pre-commercialization strategies of clean technologies. Covers cost of capital items, goods and services, and personnel labor costs, depreciation expenses. Prepares business for downstream financing. Read More

  • Amount: 33% contribution. SDTC will pay one funding milestone in advance.
  • Timeline: Continuous intake. 4-6 milestones in each eligible project.
  • Eligibility: Focused on clean air, water, climate change, and other environmental projects. Projects should support productivity improvements and Canadian industry competitiveness.

Apply for this Canadian Government Funding Program

IESO Conservation Fund 

The Independent Electricity System Operator (IESO) created the Conservation Fund to provide support for significant advances in new conservation and demand management programs, practices and technologies that impact Ontario’s initiative to reduce electricity consumption by 2030. Funding under this program is provided to projects that impact residences, businesses and/or institutions in Ontario. Read More

  • Amount: Funding amount is a percentage of project costs, dependent upon type of project, to a maximum of 100% of costs or a maximum of $1,000,000. Applicant’s portion of the funding must be substantiated as cash, in-kind or committed funding.
  • Timeline: Open.
  • Eligibility: Eligible projects are those that develop or pilot innovative conservation programs, practices and technologies. Eligible costs are those related to the design, development, demonstration, installation, implementation, testing, measurement and performance verification of the project. Project must be completed within four years.

Apply for this Canadian Government Funding Program

Going Global Innovation (GGI)

Going Global Innovation’s objective is to promote and enhance Canada’s international innovation efforts by pursuing collaborative opportunities through the development of partnerships in other countries and economies with the key players. Projects are to build on targeted relationships between Canada and other countries to encourage and allow formal discussions to initiate collaborations on future R&D opportunities that could lead to new commercialization results. Read More

  • Amount: The funding contribution of up to 75% of the eligible expenses up to a maximum payable of $75,000.
  • Timeline: The program is open and accepting applications.
  • Eligibility: Dedicated to innovation, science and technology-based companies; you must have less than $50 million in annual sales and less than 500 employees.

Apply for this Canadian Government Funding Program

Canada International Innovation Program (CIIP)

Supports collaborative research and development projects that lead to commercialization of new products, services, or processes. CIIP seeks to match Canadian businesses with international partners in Brazil, China, India, Israel, and South Korea to achieve synergistic benefits. Read More

  • Amount: Up to 50% to a maximum of $600,000.
  • Timeline: Each partner country has its own application deadline.
  • Eligibility: For profit, <500 employees, and creating technologies with an international R&D partner for healthcare, cleantech, water tech, ICT, and manufacturing technologies.


Government Funding for Capital Investment

Southwestern Ontario Development Fund (SWODF)

The Southwestern Ontario Development Fund (SWODF) offers funding to support projects that involve investing in new capital equipment, developing skills, enhancing productivity, and developing new infrastructure. Read More

  • Amount: Up to 15% of eligible expenses to a maximum $1.5 million in non-repayable grant funding for projects with budgets up to $10 million. Projects with budgets that exceed this amount may be eligible to receive a combination of grants and loans of up to $5 million.
  • Timeline: Open, accepting applications.
  • Eligibility: Applicants must have been established for at least 3 years, have 10 or more full-time employees, and be located in Southwestern Ontario. Projects must be completed within a 2-4 year timeline and create at least 10-15 new full-time positions depending upon project size and company size.

Government Funding for Human Resources & Training

Canada-Ontario Job Grant

Launched in 2014 as a 6-year initiative, this training grant is a segment of the $194M/year Canada Job Grant initiative as part of Canada’s Economic Action Plan. The Canada-Ontario Job Grant was created provide training to Canadian employees in order to improve their employability and in-demand skillsets. Read More

  • Amount: Non-repayable grant contributions of 50-83% of training costs (ie. course, exams, textbooks, software resources, etc.) up to a max limit of $10k-$15k per trainee.
  • Timeline: Training projects must be completed within the year and cannot be over 12 months in length.
  • Eligibility: Ontario-based SME w/ $2M liability insurance. Trainee must be a resident of Ontario, permanent Canadian citizen, or granted refugee status.

Apply for this Canadian Government Funding Program

Hiring Grants and Wage Subsidy Programs 

Supports the hiring of recent post-secondary graduates who are unemployed or underemployed given their level of completed education. Internships should be focused on providing in-demand skills that will help the youth worker gain experience. Upon successful completion of internships, employers may offer an offer for permanent employment.

  • Amount: Varies by hiring program; most 12-month internships provide up to 50% coverage to a maximum $14,000-$20,000.
  • Timeline: Internships must be 3 or 4+ months. Funding available on a first-come first-served basis; apply when the programs open (generally Q2).
  • Eligibility: Graduate must have a post-secondary diploma, be between 15- 30 years old, Canadian citizen/resident, out of school, and work minimum of 30 hours per week.

Apply for this Canadian Government Funding Program

Mitacs Accelerate

Mitacs Accelerate pairs high-quality expertise from universities with industry to provide innovative research, methods and development of tools, models, technology or solutions to support challenges over a period of four months. Read More

  • Amount: Matching funds to cover salary expenses up to $7,500 over a 4-month period.
  • Timeline: Open. 50% over the grad student’s time will be spent at the company, other 50% at the educational institution.
  • Eligibility: Preference is given to research-type projects. (Master’s and PhD students only)

Apply for this Canadian Government Funding Program

R&D Project Hiring Grants

Offers industry partners an opportunity to host a post-secondary or post-graduate researcher. The purpose of the fund is to offer industry partners highly skilled researchers to apply their knowledge and tools gained through school. Interns and fellows hired through the program are expected to remain part of the business past the paid period.

  • Amount: Two streams available for 4- or 12-month internships and fellowships:
    Internship Component: Up to $10,000 in grant funding towards post-secondary student or graduate internship for four months at 50% coverage. Company contributes 25% cash and 25% in-kind. Up to 6 candidates per application.
    Fellowship Component: Up to $35,000 ($32,500 cash + $2,500 in-value for professional development) towards a PhD graduate or post-doctoral fellows for 12 months. Company contributes $25,000 cash plus $25,000 in-kind . Up to 2 candidates per application.
  • Timeline: Applications are accepted at any time, but capacity for program streams and varies throughout the year. Review typically takes 6 weeks.
  • Eligibility: Interns must be a senior undergraduate student, graduate student, or recent graduate (within three years of graduation). Fellows must hold a PhD in any discipline completed within the last five years. Industry partners must be for-profit within Ontario (not-for-profit will be considered on a case-by-case basis). Internships and fellowships must be project-based.

Develop a Government Funding Plan for Your Business

The programs listed above are just a small collection of the Canadian government grants and loans that could positively impact your business. Knowing what programs are available is the start of the funding process; the secret is being able to effectively plan to use government funding for projects.

By applying the Proactive Funding Approach™, business owners and executives can ensure they maximize the amount of funding received for upcoming projects. This 3-part system shows how to plan and incorporate funding for a greater number of projects, effectively expanding cash flow and supporting a greater number of initiatives. Download the Build a Government Funding Plan slide deck to learn more.

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