Regional Economic Growth through Innovation Steel and Aluminum Initiative
Steel and Aluminum Initiative
Funding under this initiative helps small- and medium-sized enterprises (SMEs) that use significant amounts of steel and aluminium in their production processes and are looking to adopt innovative technologies to enhance productivity or to increase competitiveness.
To continue driving innovation and growth in the region, FedDev Ontario is delivering more than $39 million over one year to provide targeted support to SMEs within the Canadian steel and aluminum supply chain.
FedDev Ontario is looking for:
For-profit firms or Indigenous organizations, located in southern Ontario, that employ between 10 to 499 individuals on a full-time basis in Canada.
Intensive users of steel or aluminum that can demonstrate plans for projects to enhance productivity or to increase competitiveness by adopting new innovative technologies.
Applications can be submitted for:
Non-repayable contributions from $150,000 up to $1 million, to support up to a maximum of 45 percent of eligible project costs. Priority will be given to projects submitted before April 8, 2019.
The initial priority period for applications to the Steel and Aluminum Initiative ended April 8, 2019, with the total value of the applications received exceeding investments available. Applications received by April 8 are being assessed on a priority basis. Applications may still be submitted, but those received before April 8 will be given priority.
Funding is available to:
Bolster the productivity and competitiveness of SMEs operating within the Canadian steel and aluminum supply chain through investments in innovative projects.
Examples of project activities include:
Productivity improvement through acquiring, adapting, adopting new technologies, and/or processes; process re-engineering; and/or improving manufacturing capacity.
Business scale-up through market development/expansion; diagnostics; adopting best management practices, processes and systems; and/or business opportunity development.
Technology commercialization such as late-stage product development geared toward market diversification and growth, such as technology showcasing and technology demonstration.
Start the application process by using the Applicant toolkit at the top of this page.