Yves Landry Open Once More!
Achieving Innovation and Manufacturing Excellence
Written by:
Nicolas DesRoches, Technical Writer.
December has given us a few announcements, and that list includes The Yves Landry Foundation’s Achieving Innovation and Manufacturing Excellence (AIME) Global initiative. On top of the $6M already invested, the federal government has injected another $9M, all to the benefit of southern Ontario manufacturers to help retain their competitive advantage by keeping the labour force skilled and educated. The Yves Landry Foundation AIME Global fund is looking to fund 200 manufacturers to create and maintain 2,000 jobs within manufacturing whilst training another 7,000. FedDev Ontario and the Yves Landry Foundation will provide up to $50,000 of training and necessary supply costs.
To qualify, applicants must be manufacturers making to-market products and have 10-1000 employees. Further, they must be within Ontario and have been in business for a minimum of three years with solid financials. More funding will be offered to first time applicants as they will be eligible to have 50% of costs covered. Recent recipients (with 24 months) are not eligible; however, if the recipient applied more than 24 months ago, they will still be eligible for 25% of their costs. Activities covered include both direct and indirect training costs, such as trainer fees, wages for the trainee, accommodations, and materials.
This grant program will cover training when adapting innovative technologies or procedures and increasing global competitiveness through exporting to new markets. Training should be focused on adding high-value skills to the workforce (eg. new engineering, software, and manufacturing methods or technologies). Vital factors used to determine eligibility include creating new global markets or export opportunities, exhibiting growth in Ontario, and strengthening southern Ontario’s manufacturing core.
Experienced with Yves Landry program, NorthBridge can help you each step of the way through the application process, from project identification and preliminary evaluation to completing the full application. Please contact us for more information.
