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$500,000 South Western Ontario Development Fund

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Funding Alerts
September 2, 2022

The Southwestern Ontario Development Fund

The Southwestern Ontario Development Fund provides support for projects and investments to businesses, and not-for-profit organizations for economic development in southwestern Ontario.

 

The Southwestern Ontario Development Fund provides support for projects and investments to businesses, and not-for-profit organizations for economic development in southwestern Ontario.

The Southwestern Ontario Development Fund is open from October 6, 2022 and accepting applications until November 7, 2022 ! This fund supports projects that create and build talent, attract and encourage private sector investment and lead to business growth and innovation.

Program Funding Amount 

Southwestern Ontario Development Fund of 15% up to $500,000 for businesses with less than 100 employees and based in rural Ontario.

Interest-free repayable funding of 15% up to $500,000 if the business is located in a city or town with a population of more than 100,000 people.


Eligible applicants

  • Must have at least 3 years of operations/financial statements
  • Must employ at least 10 people (or 5 if based in rural Ontario)
  • Must commit to creating at least 5 new jobs (or a 30% increase for companies with fewer than 15 employees)
  • Must invest at least $500,000 in their project (or $200,000 if based in rural Ontario)

Funding Process

Applicants must submit an Eligibility Checklist before being allowed to submit a full Application


Thinking of applying for financing? Don’t wait! These funds are highly competitive. Contact us today to get started!


Why Ayming?

Our team of experts will take the time to understand your current and future planned projects. We will then align these initiatives to the program in order to provide you with the highest ROI and the highest chance of approval.

  • We have extensive experience working with Canadian SMEs and have the expertise to properly position and maximize your application to secure your business funding.
  • We are the first Canadian company to establish a national grants practice.
  • Our proprietary artificial intelligence (AI) driven database of grants provides live access to thousands of programs, including a custom snapshot of all federal and provincial grants currently available to each company specifically.
  • Our highly experienced delivery teams boast over 50 + years of combined grants experience and over 200+ years of combined SR&ED experience, meaning you partner with true subject matter experts who are invested in your success.
  • No risk success-fee remuneration.

Contact one of our Grant experts today to get your application started ASAP before program funding is depleted! We’re here to help and answer all of your questions.

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