Funding For Small Businesses in Ontario

Small Business Loans

Access Community Capital Fund

Access Community Capital Fund (ACCF) supports entrepreneurs with viable business plans with financing not available from other sources. The borrower may have no credit history, or may have a poor credit record due to unemployment, illness or unforeseen life events.

Futurpreneur

Futurpreneur offers aspiring entrepreneurs between the ages of 18 and 39 access to up to $15,000 in start-up financing and up to $60,000 in additional financing through a partnership with the Business Development Bank of Canada.

Opportunities Fund for Persons with Disabilities Program

Opportunities Fund for Persons with Disabilities Program helps people with disabilities prepare for, obtain and maintain employment or self-employment.

Rise Asset Development

Rise Asset Development (Rise) provides loans to entrepreneurs with a history of mental health and /or addiction challenges. Rise operates with the support of the Rotman School of Management and the Centre for Addiction and Mental Health (CAMH).

The Ontario Catapult Microloan Fund for Social Enterprises

The Ontario Catapult Microloan Fund for Social Enterprises is about enabling social entrepreneurs and innovators to turn their ideas into reality by supporting promising early stage ventures with access to capital. This microloan fund is administrated by the Centre for Social Innovation (CSI).

Enterprise Funding

Ontario Catapult Microloan Fund for Social Enterprises

The Ontario Catapult Microloan Fund for Social Enterprises is about enabling social entrepreneurs and innovators to turn their ideas into reality by supporting promising early-stage ventures with access to capital. This microloan Fund is administrated by the Centre for Social Innovation (CSI).

Soshent

Soshent connects social entrepreneurs and innovators to the programs, opportunities and funding they need to accelerate their success and amplify their impact.

Crowdfunding

This is a method of raising capital in small amounts from a large group of people using the Internet and social media. For more information about crowdfunding, please visit the following websites:

Black Entrepreneurship Loan Fund

Opening soon

Loans that will provide loans of between $25,000 and $250,000. More details to come around eligibility requirements and how to apply.

Funding for Indigenous Entrepreneurs

Waubetek Business Development Corporation

Waubetek Business Development Corporation delivers business financing and economic support services to Aboriginal entrepreneurs and First Nation communities.

Nishnawbe Aski Development Fund

Nishnawbe Aski Development Fund (NADF) offers a variety of services to support Aboriginal business and economic development, including financing, business support, community planning, and workshops and bookkeeping training.

Indian Agricultural Program of Ontario

Indian Agricultural Program of Ontario (IAPO) offers small business financing to support First Nations entrepreneurs and businesses. Funding is offered for equipment, business start-up and expansion, commercial real estate financing

Angel Investors & Venture Capital

Angel Investors Ontario

Unlike venture capitalists, angels are involved in the start-up businesses that they invest in to ensure higher returns

Angel groups in Ontario:

Innovation & Technology Funding

Agrilnnovation Program

The program is designed for businesses in agriculture, and provides grants or loans for research and development of a new agricultural product or technology.

Collaborative Research and Development Grants

Collaborative Research and Development Grants support research projects in natural sciences or engineering by covering part of the project costs.

MaRS – Investment Accelerator Fund

Investment Accelerator Fund for life sciences, cleantech, ICT or digital media enterprises, is a seed fund program, provided by the Province of Ontario, that helps emerging tech companies bring their product and services to market.

Natural Research Council Canada

The Industrial Research Assistance Program (IRAP) provides funding to qualified firms and their innovative research and development projects.

Ontario Centres of Excellence – Collaborative Commercialization Programs

Ontario Centres of Excellence – Collaborative Commercialization Programs bring universities, industry and government together to help turn science and technology into successful business endeavors.

Ontario Innovation Tax Credit

If you are an owner of an Ontario-based corporation you may be eligible for a 10% tax credit on research and development carried out in Ontario for your business.

Scientific Research and Experimental Development

The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. The Canada Revenue Agency, responsible for administering the program, offers tax credits for expenditures such as wages, materials, machinery, equipment, some overhead and SR&ED contracts.

Speak with a Startup Lawyer at Emerge LLP

f you are thinking about starting a company and would like to speak with a lawyer, schedule an initial consultation at Emerge Law. To speak with a startup business lawyer in confidence, contact us to book an appointment.

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