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OngoingFederalLoans

FedNor - Regional Economic Growth through Innovation (REGI)

FedNor

Up to $500K

Business Scale-up and Productivity stream: assistance for SMEs is generally repayable and normally up to a maximum of $500,000 per project; up to 50 percent of eligible and supported project costs.

Supports Northern Ontario business growth (Targeted Manufacturing Initiative) and regional innovation ecosystems (not-for-profits).

Open the official page ↗
23
Long shot

How to apply

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Who qualifies

Northern Ontario manufacturers (Targeted Manufacturing Initiative) and not-for-profits growing regional innovation capacity.

Small businessCorporationNon-profit

Good to know

  • Funding: Total government funding for a project cannot exceed 75 percent of supported eligible non-capital costs and 50 percent of supported eligible capital costs. Regional innovation ecosystems stream (not-for-profits): repayable and non-repayable contributions, normally up to 75 percent of eligible costs; where funds are redistributed to SMEs, capped at $25,000 per ultimate recipient. Targeted Manufacturing and AI streams not read.
  • Cost share: 50% of eligible costs
  • Notes: Figures apply to the Business Scale-up and Productivity stream only. Newly filled amount.

Evidence from the official page

  • status“The program currently has limited budget availability due to a high demand.” source ↗
  • amount“Assistance available for SMEs is generally repayable and normally up to a maximum of $500,000 per project.” source ↗
  • amount“Applicants are eligible to receive up to 50 percent of eligible and supported project costs.” source ↗

Verified 2026-10-08 · High confidence. Always confirm on the official page before applying.