| Innovation Demonstration Fund (IDF) |
Provincial |
Funding Incentive |
IDF provides financial support of up to 50% of eligible costs for approved eligible projects that have as their goal commercialization. The potential funding available under IDF ranges from a minimum of $100,000 to a maximum of $4,000,000 per project. |
Please refer to link provided for further information. |
IDF is a discretionary, non-entitlement funding program administered by the Ministry of Research and Innovation (MRI) that focuses on the commercialization and initial technical demonstration of globally competitive, innovative Green technologies, processes and/or products. |
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| Ontario Emerging Technologies Fund (OEFT) |
Provincial |
Funding Incentive |
A discretionary, non-entitlement investment program, the OETF is a $250 million fund that will commit a maximum of $50 million per year for five years. Investments will be made alongside qualified co-investors in innovative, high-growth Ontario companies. |
Only Qualified Investors — those approved as eligible to submit a potential investment opportunity for consideration — can propose investments to the fund. Companies interested in investment must work through the Qualified Investors. |
The OETF will co-invest — with qualified venture capital funds and other private investors — directly into companies working within the focus areas defined by Ontario’s Innovation Agenda. |
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| Ontario Tax Exemption For Commercialization (OTEC) |
Provincial |
Funding Incentive |
OTEC applies to newly established corporations in priority areas, and offers a refund of corporate income tax and corporate minimum tax paid for a qualifying corporation’s first ten taxation years. |
Please see the OTEC Program Information Guide for details of eligibility criteria, including definitions of qualifying corporation, eligible commercialization business and eligible intellectual property, etc. as relevant to the OTEC. |
OTEC is aimed at supporting innovation in Ontario’s economy by encouraging the commercialization of intellectual property which has been developed by qualifying Canadian universities or colleges. |
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| Ontario Tax Exemption For Commercialization (OTEC) |
Provincial |
Funding Incentive |
OTEC applies to newly established corporations in priority areas, and offers a refund of corporate income tax and corporate minimum tax paid for a qualifying corporation’s first ten taxation years. |
Please see the OTEC Program Information Guide for details of eligibility criteria, including definitions of qualifying corporation, eligible commercialization business and eligible intellectual property, etc. as relevant to the OTEC. |
OTEC is aimed at supporting innovation in Ontario’s economy by encouraging the commercialization of intellectual property which has been developed by qualifying Canadian universities or colleges. |
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| The Health Technology Exchange (HTX) |
Provincial |
Funding Incentive |
HTX helps Ontario's scientists, engineers and entrepreneurs commercialize their ideas into innovative medical and assistive technology products. |
Eligibility varies acccording to the type of program. Please refer to the link provided for further details. |
The HTX accelerates innovation, commercialization and growth of Ontario’s medical and assistive technologies sector by providing Ontario scientists, engineers and entrepreneurs with funding, market research and intelligence and networking opportunities. |
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| Ontario Investment Accelerator Fund (IAF) |
Provincial |
Funding Incentive |
The fund invests up to $500,000 in companies that have the potential to be global leaders in their field and provide sustainable economic benefit to Ontario. |
The IAF invests in early-stage, high-potential companies that have no significant revenue or investment. |
The (IAF) accelerates the growth of new technology companies being established in Ontario, and positions them for further investment by Angels and VCs. |
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| Ontario Research Fund (ORF) |
Provincial |
Funding Incentive |
ORF aims to keep Ontario’s researchers at the leading-edge. |
Eligibility varies acccording to the type of program. Please refer to the link provided for further information. |
The ORF is a key part of the government's plan to support scientific excellence by supporting research that can be developed into innovative goods and services that will boost Ontario's economy. |
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| Export Market Access (EMA) |
Provincial |
Funding Incentive |
The EMA is a 50/50 cost-sharing grant program. |
Please refer to link provided for further information. |
The EMA assists SME's to access and expand their growth in new international markets beyond the US. |
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| Canada Foundation for Innovation (CFI) Funds |
Provincial |
Funding Incentive |
The CFI normally funds up to 40% of a project's infrastructure costs. |
Universities, colleges, hospitals and not-for-profit research institutions that have been recognized as eligible by CFI can apply. |
The CFI's mandate is to strengthen the capacity of Canadian universities, colleges, research hospitals and non-profit research institutions to carry out world-class research and technology development that benefits Canadians. |
More Information |