Starting a busines, let alone keeping it, is going needs some influx of cash. So I'm going to list here some of the programs I've heard of that would be of interest to people.

Aboriginal Business Financing Program

www.nadf.org

Loans and micro loans with some grant funding via the Aboriginal Business Financing Program to assist indigenous led businesses.

BizGrowth

Women owned business that are over 1 year old that are looking to grow to that 'next level' can apply for grants to help them with costs associated with that growth.

www.paro.ca/bizgrowth

Business Technology Innovation Fund

www.nwoinnovation.ca/btif

Business must be over 1 yr old. Priority sectors are (but any may apply):

  • Advanced Manufacturing

  • Agri-Food

  • Health/Bio-Sciences

  • Clean Tech

  • Digital

  • Tourism and Resources

Up to 50%, max of $5,000 for website development

Up to 50%, max of $25,000 for software/technology implementation

Industrial Research Assistance Program

IRAP is through the National Research Council of Canada and offers advisory services as well as financial support

nrc.canada.ca/en/support-technology-innovation

MAT Fund

Funding provided through either the Event Fund or the Product Development fund to tourism businesses that will help attract more toursists to Thunder Bay (and replenish the MAT funds received via hotel stays).

www.visitthunderbay.com/en/industry-trade/cedc-mat-fund.aspx

Next Level

Innovative companies looking to make that jump to the 'next level' can apply for grants up to 50% to a max of $5k.

www.nwoinnovation.ca/next-level

Northern Ontario Heritage Fund Coporation

https://www.nohfc.ca/

There are 4 main envelopes for this program

  • INVEST North

    • Launch (grant up to 50% of eligible costs to a max of $200k)

    • Grow (grant up to 20% of eligible costs to a max of $400k plus loan up to 30% to max of $600k; or 50% loan max of $1m)

    • Locate (evaluated on a case by case basis, max of 50% or $5m)

    • Innovation

      • Applied Research & Development (grant up to 50% to a max of $500k)

      • Demonstration & Commercialization (grant up to 50% to a max of $2m)

  • People & Talent

    • Workforce Development (internship for 50% of wage costs to a max of $35k; Indigenous stream allows up to 75% to a max of $52.5k)

  • Cultural Supports (funding for community events and film & television)

  • Community Enhancement (for communities)

Northern Ontario Women

http://www.lambac.org/now

Women led business needing access to professional services.

Up to $5,000 - may entertain applications up to $20,000 where siginifigant demand is shown

Starter Company Plus

www.gotothunderbay.ca/startercompanyplus

$5,000 (require 30% owner equity)

Must be new (>1 yr), expanding business or purchasing an existing business.

Summer Company

www.ontario.ca/summercompany

Must be 18-29 and returning to school in the fall.

$3,000 (disburse $1,500 at start of summer, and $1,500 upon completion of program)

Sustainable New Agri-Food Products and Productivity

Funding - Up to $10,000 at 50% cost-share for individual applicants or up to $25,000 at 50% cost-share for collaborations of 3 or more

Please visit www.rainalgoma.ca/SNAPP for more information

applications extended to Mar 5, 2021

Thunder Bay Downtown & Core Area Improvements

The CIP is a grant up to $25k for businesses within the core areas can apply that reimburse improvements to buildings that support the downtown cores.

https://www.thunderbay.ca/en/city-hall/downtown-financial-assistance-programs.aspx