Steven Karpenko, Senior Business Advisor for the Ministry of Economic Development, Job Creation and Trade, joined us to discuss the Ontario Together Fund. Launched in March with a $50 million budget, the fund provides immediate funding to firms and organizations who can supply emergency products and innovations to support COVID-19 response and relief.
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Funding through the Ontario Together Fund is a grant, not a loan, covering up to 75% of eligible costs, to a maximum of $2.5 million. Stacking with other sources of government funding is allowed.
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Projects that will be eligible for funding through the Ontario Together Fund will focus on providing immediate emergency, preparedness, relief and benefits to the province across three streams:
- Emergency Supplies: Emergency medical supplies, such as ventilators, sanitizers, swabs and testing equipment, masks, gloves, gowns, reagents
- Innovative Solutions: Solutions from businesses offering innovation solutions.
- Innovative Ideas: Other ideas, products or services that could support relief efforts.
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For early-stage companies applying with an innovative technology who might not meet the eligibility guidelines, Karpenko recommends collaborating with other partners. Our Venture Growth & Corporate Innovation can help you connect with potential business and non-profit partners to bring forward an eligible proposal.
For more information and to submit an application, visit the Ontario Together Fund.
