Kenora and Rainy River District Business Accelerator Fund

By mmuise
Description:

Kenora and Rainy River District Business Accelerator Fund invests $5,000 into new and existing manufacturing or technology-focused businesses and provides them hands-on support, access to mentors, and potential access to investors. This fund is offered in two streams:
1. Business Start-up Stream; and
2. Business Expansion Stream.


Comments on Funding:

Funding is an investment of:
- up to $5,000 for Business Start-up Stream;
- up to $5,000 for Business Expansion Stream.

Each stream will cover 50% of eligible costs up to $5,000.00 in assistance towards approved projects in the following categories:

Deadline: -
Eligibility:

Applicants must:

  • be located in the Kenora or Rainy River Districts;
  • be manufacturing or technology-focused businesses (food manufactures are eligible);
  • be owned by an Ontario resident and Canadian Citizen;
  • be sole proprietorships or corporations where the applicant is the majority shareholder;
  • operate full-time (minimum 35 hours/week);
  • follow government rules and regulations for operating a business;
    New business start-ups are eligible.
Application Steps:

Applicants must:

1. contact the NOIC to schedule a meeting with an NOIC representative;

2. start their application, including two quotes from vendors;

3. complete their application, including all the necessary documentation, by clicking ‘Yes, please submit to the review committee’.



The Regional Accelerator Fund review committee meets monthly.

Applicants will be notified of the review committee’s decision via email.

Documentation Needed:

Applicants must submit:
1. the application;
2. two quotes from vendors.

Other Things to Note:

For application details, please email Corey using the button on the program's website or call at 807-464-3665.

About the author
mmuise