Advanced Manufacturing Fund
Through Economic Action Plan 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the launch of the Advanced Manufacturing Fund (AMF).
AMF is a $200-million fund that will be delivered province-wide by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). AMF promotes continued growth of Ontario's advanced manufacturing sector by supporting efforts to develop cutting-edge technologies and large-scale activities that will improve processes and increase productivity, establish clusters or global supply chains and collaborate with private sector, and research and post-secondary institutions.
FedDev Ontario's investment in innovative and productive manufacturing companies through repayable contributions will help Ontario and Canada compete in the global marketplace, become more prosperous and provide high-quality jobs in Ontario now and for the future.
Who can apply?
Repayable funding is available for manufacturing companies that are either undertaking manufacturing activities or conducting research and development in Ontario. Non-repayable funding is available for post-secondary institutions and not-for-profit organizations that are collaborating with Ontario manufacturers. Under both streams, applicants must provide evidence of at least 50 percent support to the total project costs from industry and/or other sources.
What activities are eligible?
AMF supports investments that create new and innovative products or production methods, with market entry or commercialization within five years. Technologies developed and/or adopted under AMF must be new, or applied in a unique and innovative manner. Eligible activities in all projects include:
- Activities related to prototyping, demonstration projects, advanced product testing, and applied research leading to a practical application;
- Work undertaken to achieve technological advancement through the creation/improvement of existing materials, devices, products or processes; and/or
- The adoption or adaptation of highly innovative products, technologies (e.g., machinery and equipment), and processes that support product or process innovation.
Eligible activities led by not-for-profit organizations, in addition to the above, include industry-relevant, scientifically-advanced research in cutting-edge technologies with the potential to support commercial applications and a long-term competitive advantage for manufacturing in Ontario.
Financial assistance from government programs may have tax implications for your business. It is recommended that advice be obtained from a qualified tax professional.
Please contact us should you have questions or inquiries, or if you do not receive a confirmation email after submitting your application.
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