FedDev rolls out new application for funding process

WATERLOO — FedDev Ontario, announced the launch of a new application process. FedDev aims to make applying for funding easier, and more predictable for clients and will help ensure investments are available to those who need them to continue growing. Applications for funding will now be accepted three times per year (fall, winter and spring). This fall intake is open until November 7.

Funding is available for businesses to grow, innovate, and diversify so they can launch new products, compete in a changing marketplace, or reach new customers. Not-for-profit and community economic development organizations can also apply for funding to support businesses, grow economic networks, and strengthen the economic resilience of our communities. Further information on the types of projects that are eligible to receive funding, can be found here. Details on information sessions being offered to walk through the new process can be found here.

With this new client-centric process, the Government of Canada through FedDev Ontario will to continue to invest in economic opportunities that support a green, inclusive, and globally competitive southern Ontario.

“FedDev Ontario wants to help people reach their potential and unlock new possibilities,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “The new application process will make it much easier and more streamlined for businesses and organizations to apply for funding. Over this past year, I’ve had the opportunity to meet with business owners, industry, and community leaders who wanted an easier application process. We heard them and we are delivering. We will continue to invest in the people who are growing businesses across Ontario.”