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FUNDING

We work with you and for you to obtain funding sources for startups and growing businesses. We have a number of funding programs available exclusively through SSMIC, as well as a strong network and expert business advisors to help connect you with the financial resources you need to start and grow your business.
MAXIMUM ASSISTANCE to SME
Maximum financial assistance eligible under the program is 50% of approved Total Eligible Project Costs or up to $10,000 per SME, whichever is lesser in any given fiscal year. 
PROGRAM APPLICATION: open

Contact our IAP specialist at info@ssmic.com

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INNOVATION ACCELERATor PROGRAM (IAP) 

IAP is now closed. Please send us an email if you would like to be added to the waitlist.

In Northern Ontario, many small and medium sized enterprises (SMEs) have difficulty funding the initial commercialization steps required to accelerate product introduction and marketplace positioning. The Innovation Acceleration Program (IAP), funded by FedNor, is intended to provide funding to assist SME’s with the development and commercialization of new innovations and promote innovative business growth. 

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PUBLIC FUNDING 

Our experienced team of advisors can guide SMEs on securing public funding, particularly in support of research and development (R&D) and commercialization projects. Funding can range from helping find expertise for your project, to the purchase of capital, to supporting the hiring of Northern Ontario graduates. Review the programs outlined below and contact our team of advisors to discuss your project’s needs. SSMIC also supports its clients in navigating the process of obtaining conventional commercial financing (i.e. bank loans). We are also able to find your business the appropriate contacts at the banking institution of your choice. 

ANGEL INVESTMENT 

The Northern Ontario Angels (NOA) is a not for profit corporation that facilitates essential business connections between Northern Ontario’s entrepreneurs and accredited angel investors.  
Their goal is to stimulate increased investment capital into Northern Ontario companies to help them succeed by improving the flow of investment capital, investment education, and management expertise into high-growth potential northern companies. 

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