Regional Development: Advanced Manufacturing and Innovation Competitiveness

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. It will provide investments in:

  • capital equipment

  • technology adoption

  • skills development

The types of support available include:

  • funding support

  • complementary services and support

The fund supports projects that:

  • create jobs and build talent

  • attract and encourage private sector investment

  • help companies to adopt technologies that improve their competitiveness

  • lead to business growth and broad positive economic impacts

  • encourage innovation, collaboration, and cluster development

Quick View

Funding
Amount

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

If you achieve your investment and job or upskilling targets, up to 30% of the loan (to a maximum of $500,000) may be forgiven. - Grants: up to 15% to a maximum: of $500,000 for small companies located in rural communities - 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.

Funding %:
Up to 15% of eligible project costs

Eligible Applicants

Manufacturers

Eligible
Purposes

It will provide investments in: capital equipment technology adoption skills development.

Deadline
to Apply

April 24th, 2025

 

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