Investing in Regional Diversification – statement of intent information requirements (not-for-profit applicants)

Important:

  • Before you begin, please complete the PDF Application. If you experience difficulty when opening the PDF Application, please refer to the instructions posted in the FAQs.
  • Please prepare a Statement of Intent proposal (Phase 1 of a two-phased application process) that responds to the information requested below. Applicants are required to clearly address each item.
  • If selected to proceed to Phase II (full application), you will be asked to provide additional details.
  • Review the guidelines for this program carefully to ensure your proposal demonstrates how it meets program requirements and objectives.
  • Attach your completed proposal to the PDF application form using the 'Add Attachments' button on that form.
  • For help with your application, please call FedDev Ontario at 1-866-593-5505.

A. Applicant Information

  • Provide a brief overview of your organization (founding date, history, mandate and membership, major services provided, number of employees by location, etc.).
  • Provide a list of the members of your organization's board of directors.
  • Provide historical financial statements for the last two fiscal years and the most recent interim financial statement.
  • Provide a summary of any federal or provincial government funding your organization has received within the last three(3) years, including:
    • Department/agency name,
    • Program name,
    • Dollar amount and type of assistance,
    • Description and purpose of the funding, and
    • Contact person at that department/agency.

B. Your Organization's Business Model and Impact of the Proposed Project

Project Overview

  • Please provide the following information:
    • Brief overview of your proposed project;
    • Strategic rationale for undertaking your project and how it fits with your mandate and business model;
    • Expected outcomes;
    • Project start and end dates; and
    • Project location(s).

Client Segments & Value Propositions

  • Describe the key services your organization currently provides and for each outline:
    • Key clients (describe the levels of activity with each, as well as geographic, market and other relevant information), and
    • Value proposition provided to each client segment (what value your organization provides to each).
  • Describe how your project will impact the value proposition to your current key clients and/or how your client/stakeholder base will grow or change.
  • Attach evidence, including analysis and underlying assumptions, that validates and substantiates your project's opportunity/need and its priority for your region (e.g. study, support letters from key client groups/associations, alignment to regional strategic plan, etc.).
  • Provide an overview of similar or complementary services/programming provided by other organizations, including the degree, if any, to which they overlap. Indicate whether your project will create duplication of services and/or create synergies with these other initiatives.

Key Partners

  • Provide a list of partners/collaborators that are critical to delivering your organization's current value proposition. Partners/collaborators may include for-profit and not-for-profit organizations, post-secondary institutions, and community stakeholders and government. Describe their roles (in terms of customer relationships, channels, key activities and/or key resources).
  • As it relates to your project, please provide:
    • Name and location of all partners/collaborators (financial and non-financial);
    • Their anticipated roles (in terms of customer relationships, channels, key activities and/or key resources);
    • Their contributions to your project; and
    • Status of their support (to be requested, requested but not confirmed, confirmed).
  • As it relates to your project, attach written confirmation of commitment (financial and non-financial) from relevant partner organizations including evidence of their intended contribution.

Stakeholder Relationships

  • Describe your current relationships with key community economic stakeholders and identify any successful collaborative projects and/or projects involving the delivery of services to small- and medium-sized enterprises (SME) and/or multinational enterprises.

Key Activities & Resources

  • Indicate whether your project involves moving organizational assets (including physical and/or human) from one location to another, including details of the assets and where they are being moved from/to.

Cost Structure & Revenue Streams

  • Describe your organization's current financial performance and sustainability (e.g. cost structure and funding sources).
  • Provide details of how your initiative will be sustained beyond project completion.

C. Project Plan

  • Provide a table of estimated project costs by cost category (labour, consulting and/or professional fees, other non-capital, and capital).
  • Provide a table of sources of cash funding and their status (to be requested, requested but not confirmed, or confirmed).
  • Outline the track record of your organization's management.
  • Identify and describe any significant risks and mitigation strategies related to project implementation and achievement of results.

D. Economic Impact and Results

  • Describe why FedDev Ontario funding is required and how it would make a difference. Describe the impact FedDev Ontario funding will have on any or all of the following: project scope(size), location (level of activity in Ontario), timing (project timelines), and economic benefits.
  • Describe how your project will support diversification of the region (industry cluster, attraction of new industries, and expansion/competitiveness of existing industries) and how it aligns with your region's economic diversification strategy/plan.
  • With respect to the impacts specific to your project, provide:
    • Total number of jobs to be maintained as a result of the project;
    • Total number of jobs to be created during the project; and
    • Total number of jobs projected to be created within two (2) years of project completion
  • With respect to the impacts specific to your project, provide the number of businesses and the number of other organizations expected to be supported by your project, and describe the type of support.
  • Describe how your project will increase sales and market opportunities for SMEs in your region.
  • Describe and provide any relevant metrics as to how your project intends to support any or all of the following program-specific objectives:
    • Strengthen regional businesses and clusters with the goal of economic diversification and sustainability; and
    • Improve the economic circumstances of communities facing distress.
  • Rate
  • Share
Date modified: