Step Forward Entrepreneurs Program (SFEP)

By mmuise
Description:

The Step Forward Entrepreneurs Program (SFEP) enhances innovation and commercialization for entrepreneurs and established businesses who demonstrate the potential to create jobs and grow the economy. Emphasis will be placed on companies who identify business growth opportunities and are looking to reach new markets and expand sales.


Comments on Funding:

Funding is up to 50% of eligible costs, before tax, at one of three funding levels:
Level 1: $2,500 grant for a minimum project spend before tax of $5,000
Level 2: $5,000 grant for a minimum project spend before tax of $10,000
Level 2: $7,500 grant for a minimum project spend before tax of $15,000
Level 3: $10,000 grant for a minimum project spend before tax of $20,000
Projects will be reimbursed upon receipt of final invoice(s) and proof of payment to be completed within a 6-month time frame.

Deadline: Continuous Intake
Eligibility:

The applicant must be:

  • a for-profit entity, registered as a sole proprietor, partnership, or corporation,
  • located in the district of Nipissing, Timiskaming, Parry Sound or Muskoka,
  • looking to develop its ability to advance the growth of its business along the commercialization path as defined by the program objectives.
    Staff wages or administrative costs, website development, rolling stock, or any other internal costs associated with the project are not eligible.
Application Steps:

Applicants must download, complete, sign and submit the online application form.

To ensure clarity on the program and it’s qualifying conditions, applicants are strongly encouraged to contact IION prior to applying.

Documentation Needed:

Applicants must submit:
1. the completed application form;
2. two contractor quotes where applicable and identify the contractor they have selected in the application form.

Other Things to Note:

The SFEP program has a continual intake process, with monthly reviews. The last day of every month is the submission deadline.

Program Contact: https://iion.ca/sfep/
About the author
mmuise