Please note that this program is no longer available.

How it works

Under the Jobs and Prosperity Fund, the New Economy Stream helps private sector organizations:

  • build innovation capacity
  • improve productivity, performance and competitiveness
  • expand export and trade opportunities
  • increase job creation capacity

It provides funding for large strategic investments in Ontario’s priority sectors.

Funding

Depending on how well your project matches the program objectives, you could receive a grant of up to 20%, a loan of up to 40%, or a combination of grants and loans up to 40% of eligible project costs.

Who is eligible

You may be eligible if your:

  • company has substantive operations (generally 3 years)
  • project has at least $10 million in eligible project costs
  • project contributes to a priority sector like:
    • advanced manufacturing
    • life sciences
    • information and communications technology
    • strategic / anchor investments (projects that have the potential to draw additional investments that are key to the next generation of talent, innovation and productivity in Ontario)

Meeting the requirements does not guarantee your organization will receive funding.

Selection process

To be selected for funding, projects must:

  • improve Ontario’s ability to compete in the global knowledge-based economy, and increase the capacity for job creation
  • meet financial and technical due diligence
  • align with the Jobs & Prosperity Fund’s objectives to:
    • enhance productivity
    • increase innovation
    • create greater market access for Ontario firms

How to apply

This program is no longer available.