Administered by Federal Economic Development Agency for Southern Ontario
Interest-free repayable contributions, typically $125K to $10M at up to 50% of eligible costs, for southern Ontario businesses. Confirm intake with FedDev.
FedDev Ontario's funding for businesses in southern Ontario provides interest-free, unconditionally repayable contributions of up to 50% of eligible project costs. Applicants normally request $125,000 to $10 million per project and fund at least 50% themselves. Total government assistance cannot exceed 75% of eligible non-capital costs and 50% of eligible capital costs. Repayment normally begins one year after project completion, with no penalty for early repayment. FedDev's pages conflict on the current intake: the how-to-apply page says FedDev is accepting applications, while an older when-to-apply page shows a December 20, 2024 closure, so confirm with FedDev Ontario (1-866-593-5505) before preparing an application.
The total program pool, per-organization max, and what your contribution has to be.
This program does not publish an aggregate annual funding pool.
Matching contribution required from your organization (at least 50% of eligible costs).
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Find your matches →Interest-free repayable funding for growth-stage southern Ontario companies with a real scale-up or productivity project. It is repaid starting one year after the project ends, so it improves cash flow, not project cost. Expect a slow, paperwork-heavy process, and confirm the intake with FedDev before you invest time in an application.
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Funding terms rechecked on FedDev's how-funding-works page: up to 50% of eligible costs, interest-free and unconditionally repayable. Intake status conflicts across FedDev pages; confirm with FedDev.
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