Case Study: Electronics Manufacturer Secures $2M in Grants for Facility Expansion and Innovation

For manufacturers, modernizing facilities and expanding production capacity is essential to staying competitive. In this case study, we explore how Ayming Canada helped an electronics manufacturer secure unprecedented government funding by strategically stacking grant and loan programs, unlocking $2 million in non-repayable grant funding.

Context and Challenge

Sector: Electronics Manufacturing
Funding Category: Facility Expansion & Capital Purchase

The client was embarking on a large-scale modernization initiative. Their plan included retrofitting outdated facility elements, expanding their operations, and boosting their manufacturing innovation capabilities. However, they needed financial support to execute these ambitious goals and maximize their investment.

Ayming’s Approach: Electronics Manufacturer

Ayming began with a comprehensive strategy tailored to the client’s objectives:

• Engaging Decision-Makers: We held a detailed kick-off meeting with key stakeholders to understand the client’s needs and introduce them to local funding advisors.
• Leveraging Program Expertise: By maintaining close communication with government program advisors, we strengthened the alignment of the project with the funding criteria and ensured continuous advisor support.
• Innovative Program Stacking: Ayming helped the client become the first applicant to simultaneously use the Eastern Ontario Development Fund (EODF) grant and a Federal Economic Development Agency for Southern Ontario (FEDDEV) loan for a single project.

Our proactive approach and existing relationships with funding bodies ensured that the client’s application had the highest chance of approval.

Delivering Results

Ayming’s expertise enabled the client to achieve a groundbreaking milestone:

• Successfully secured $2 million in non-repayable grant funding, a record-setting accomplishment for their project.
• Gained approval for both EODF and FEDDEV programs, maximizing the financial support available for the facility expansion.
• Strengthened the client’s trust in Ayming as their go-to funding advisor for current and future projects.

Unlock Your Funding Potential with Ayming

This case study underscores Ayming Canada’s ability to unlock funding opportunities that drive business growth and innovation. With decades of experience and strong relationships in the funding landscape, we can guide your business through every step of the process.

Partner with Ayming today to maximize your funding potential and transform your goals into reality. Contact us to learn how we can help.