Minister Goodyear Launches the Advanced Manufacturing Fund
The Fund is aimed at the development of transformative products and technologies to help Ontario manufacturers create jobs and compete with the rest of the world.
Advanced manufacturing includes the development and/or adoption of cutting-edge technologies that demonstrate a commitment to product, process, and technological innovation.
The contributions provided will normally be between $10 million and $20 million per project for up to one-half (50 percent) of total eligible project costs. Projects seeking less than $10 million or more than $20 million may be considered. Applicants must provide evidence of industry support (non-government sources) for at least 50 percent of the remaining project costs and clearly demonstrate how their project responds to innovation, market relevance and spillover economic benefits
There are two types of eligible applicants:
- Established for-profit businesseslocated in Ontario that are incorporated in Canada.
- Not-for profit organizations (i.e., research institutions, centres of excellence, or post-secondary institutions) located in Ontario.
Applications can be submitted during two intake periods. Intake 2014 will start on December 9, 2013, and end on October 1, 2014. Intake 2015 will start on January 1, 2015, and end on October 1, 2015.
See on www.feddevontario.gc.ca