Advanced Manufacturing and Innovation Competitiveness (AMIC)
Receive up to 15% of costs to a max of $5M in Funding
The Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream, a new addition to the Regional Development Program (RDP) is designed to help small and medium sized enterprises (SMEs) in Ontario that are operating in the advanced manufacturing industry with grant and loan support. AMIC is focused on companies looking to invest in capital equipment, adopting technology, and developing employee skills.
Quick View
Funding Amount
Access up to 15% of eligible project costs to a maximum of an interest-free $5 million for loans and up to 15% of eligible project costs to a maximum of $1.5 million for grants.
Eligible Applicants
Businesses are eligible to apply if they are in advanced manufacturing sectors, have a minimum of three years if operation/financial statements, and be located in, or plan to locate in, a community in Ontario with a minimum of 10 employees.
800+
Annual Funding Applications Supported
Apply for This Funding Program
Give your application the best chance of approval. Ryan supports the writing of applications for more than 100 Canadian federal and provincial government grants, tax credits, and no-interest loan programs.
Amount of Funding
Successful applicants may receive the following funding contributions:
- Loans: Access up to 15% of eligible project costs to a maximum of an interest-free $5 million loan (up to four years);
- Should the company achieve their investment or upskilling targets, a portion of the loan (up to 30%) may be forgiven.
- Grants: Access up to 15% of eligible project costs to a maximum of $500,000 for small companies and $1.5 million.
Eligible Applicants
Applicants may be eligible id they meet these criteria:
- Applicants are in an advanced manufacturing sector such as:
- Aerospace;
- Automotive;
- Chemical;
- ICT;
- Steel; and
- Life Sciences.
- Applicants must have a minimum of three years of financial statements;
- Applicants must have 10 employees or more;
- Commit to creating or upskilling a minimum of five new or current jobs;
- Be investing a minimum of $500K in the project; and
- Be located in, or plan to locate in, a community in Ontario.
Eligible Activities
Projects may be eligible if they include:
- Creating jobs in Ontario and build Ontario’s talent pool;
- Acquiring capital equipment;
- Adopting technology;
- Skills development
- Drive innovation and cluster development;
- Help Ontario manufacturing companies adopt new technologies to improve outputs and competitiveness on a global scale;
- Attract private sector investments; and
- Stimulate Ontario’s economy and increase sector growth.
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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