FedDev Ontario has announced their Southern Ontario Prosperity Initiatives, which will have funding available effective April 1, 2014. The 4 main programs under the Southern Ontario Prosperity Initiatives are:
- Investing in Business Growth and Productivity (IBGP) – Assists existing southern Ontario businesses to adopt new technologies that have the potential to improve productivity and expand their operations.
- Investing in Business Innovation (IBI) – Fosters a more competitive southern Ontario economy by encouraging the development of partnerships between entrepreneurs and investors to support early-stage, globally-oriented businesses with the ability to become world-leading innovators.
- Investing in Commercialization Partnerships – Addresses innovation and commercialization, and encourages collaboration to improve Ontario’s productivity performance so that the region can compete on an international platform.
- Investing in Regional Diversification – Designed to build stronger, more diverse economies in southern Ontario communities in the long term by leveraging unique assets and local expertise, and by creating opportunities for economic growth and development in communities across southern Ontario.
