Invest Ontario Fund (IOF)
Access Loans and Grants Up To $4M via IOF.
Invest Ontario is a provincial agency dedicated to securing private sector strategic business and capital investments that support economic development. Invest Ontario brings value to the province through their record of securing strategic investments and jobs for the province by ensuring new services and business supports are in place and available to investors. The key objective is to secure $3.9B in investments by 2025-2026 and create 3700 total new jobs in the province within targeted sectors.
Quick View
Funding Amount
There is no maximum funding ask in this program. The IOF aims to secure nearly $400M over the next 4 years.
Eligible Applicants
Ontario businesses in the Life Sciences, Advanced Manufacturing, and the Technology sector will be prioritized.
800+
Annual Funding Applications Supported
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Amount of Funding
- The IOF aims to secure $400M over 4 years.
- There is no max funding ask.
- Funding will be offered as a Loan and/or Conditional Grant Combination.
Eligible Applicants
The priority sectors for the IOF are:
- Advanced Manufacturing
- Advanced materials and chemicals
- Automotive and Aerospace
- Life Sciences
- Biopharma and Vaccines
- Digital Health and Analytics
- Contract Development Manufacturing Organization
- Technology
- Computer and electronic product manufacturing
- Software and IT services
- Clean technology
Eligible Activities
Eligible Activities include:
- Advancing high growth opportunities across advanced manufacturing, life sciences and technology; and
- Leveraging data to identify and prioritize investments that have the greatest economic impact for Ontario.
Key Project Deliverables:
- Total project investment;
- Current number of employees;
- Job creation;
- IP creation;
- Partnerships as a result of the project;
- Facility closures are not permitted; and
- Sale of the business is not permitted.
Program Deadline
Speak with a member of our team to find the latest intake period info for this program or subscribe to our newsletter to be notified.
Averaging of
Time Saving
95%
throughout the application process
Apply for Funding
Successfully applying for the right funding program at the right time, focusing on the right topics is no easy challenge. We provide an average 95% time savings to our clients, compared to businesses that apply for funding in-house.
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