Ontario Invest North Program

June 8, 2021

In Canada Provincial Grants Ontario Job Creation Innovation

BUSINESSES CAN APPLY FOR FUNDING SUPPORT TO COVER UP TO 50% OF ELIGIBLE COSTS

The Invest North Program, offered by the Northern Ontario Heritage Fund Corporation (NOHFC), is designed to boost economic growth in northern Ontario by encouraging businesses to invest in transformative, strategic, and complementary business development opportunities in northern communities. 

The Program is offered through a number of streams, each designed to address specific needs and project outcomes. The Program will support productivity, innovation, business competitiveness, revenue growth, export capacity development, job creation, and retention.

This collection of program streams provides funding to businesses investing in areas such as:

  • Labour
  • Innovation
  • Expansion
  • R&D
  • Marketing
  • Capital Construction

Innovation stream

  • The Innovation Stream supports the research, development, and commercialization of new and innovative technologies in northern Ontario.
  • Funding is available in the form of a conditional contribution of up to 50% of total eligible costs to a maximum of $500,000.

 

investment - launch stream

  • The Launch stream is designed to assist businesses starting-up operations in northern Ontario.
  • Funding is available in the form of a conditional contribution of up to 50% of total eligible project costs to a maximum of $200,000.

 

investment - Locate stream

  • The Locate Stream is designed to assist with locating new business operations to northern Ontario.
  • Funding is available to cover up to 50% of project costs in the form of a conditional contribution or a combined loan, to a maximum of $5 million.

 

Growth stream

The Growth Stream is designed to assist businesses expanding existing operations in northern Ontario. Funding can be provided through three options:

  • A conditional contribution of up to 20% of total eligible costs to a maximum of $400,000.
  • A conditional contribution of up to 20% of total eligible costs to a maximum of $400,000, plus a term loan of up to 30% of total eligible costs to a maximum of $600,000.
  • A term loan of up to 50% of total eligible costs to a maximum of $1,000,000.

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At GrantMatch, we acknowledge that our headquarters are situated on the Treaty Lands of the Mississaugas of the Credit First Nation, as well as the Traditional Territory of the Haudenosaunee, Huron-Wendat, and Anishinabek people. This land is covered by the “Dish With One Spoon” wampum agreement. We respectfully recognize that these lands’ original inhabitants and caretakers are First Nation and Métis people, and we are deeply grateful to be able to work on this land. As a remote team with employees across Turtle Island, also called North America, we would like to acknowledge the importance of the land that each of our team members calls home. GrantMatch actively encourages employees to learn about the history of the land on which they are situated and their local Indigenous peoples.