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INNOVATION Accelerator PROGRAM (IAP) 

PROGRAM DESCRIPTION

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 Accelerator 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. 


IAP supports ventures with financial contributions to access legal, technology and technical support, along with offering assistance with commercialization of new products or innovations. This program is designed to help drive growth, making ventures more competitive and allowing them to commercialize their product/service. For more information please reach out to a member on our Business Development Team


Scroll down or download the PDF more information on project eligibility. 

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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 Now 
Contact Katie Goodall , IAP Specialist at 705-942-7927 ext. 3065
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PROJECT ELIGIBILITY

The funds received can be used to support projects that fall into the following categories, but is not limited to the following:
Business Development
  • Business, sales and marketing plans
  • Feasibility studies
  • Export and/or international strategies development
  • Commercialization assistance
  • Third party management support or training
  • Lean manufacturing and productivity studies
Product Development
  • Materials research and/or testing
  • Certifications, in-market licenses, market entry fees
  • Software development and/or testing
  • Hardware development and/or testing
  • Product design and/or prototyping
  • Sales and Marketing
Sales and Marketing
  • Website design and/or e-commerce
  • Brand building exercises
  • Development of promotional materials
  • Market research
  • Attending tradeshows/industry events (additional reporting requirements)

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