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Regional Development Program: Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream

The Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream will provide financial support to advanced manufacturing companies with a focus on small and medium-sized enterprises across Ontario.

Status

Open

Deadline

  • March 16, 2023

  • August 31, 2023

Funding Limits

  • Loans: Up to 15% of funding to a maximum of $5 million, interest free during the project period (up to four years).

  • Grants: Up to 15% of $500,000 for small companies located in rural communities or 15% of $1.5 million for strategic projects that are foreign direct investments or from companies competing against other jurisdictions or companies with significant reshoring projects

Used for

  • Capital equipment

  • Technology adoption

  • Skills development

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