Grid Innovation Fund
The Grid Innovation Fund (GIF) advances innovative opportunities to achieve electricity bill savings for Ontario ratepayers by funding projects that either enable customers to better manage their energy consumption or that reduce the costs associated with maintaining reliable operation of the province’s grid. The GIF makes investments in specific projects – not companies – with clear objectives. It supports projects that validate the performance and business case of promising new technologies, practices, and services.
Offered by Independent Electricity System Operator (IESO)
Amount
No fixed amount
Quick eligibility check
Who can apply
The GIF invests in projects no more than three years in length, and funds up to a specified percentage of project costs, depending on project type.
Both non-profit and for-profit incorporated entities can apply to the Fund. The Grid Innovation Fund does not consider applications from individuals, including incorporated individuals and sole proprietorships. Eligible applicants include, but are not limited to:
- Local hydro companies
- Technology companies
- Consulting firms
- Industry associations
- Educational institutions
- Public sector organizations
About the funding
The GIF invests in projects no more than three years in length, and funds up to a specified percentage of project costs, depending on project type.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Regional Development Program: Advanced Manufacturing and Innovation Competitiveness Stream | Grant, Loan | Up to 15% of eligible project costs | Open |
| AgriScience Program – Projects | Grant, In-Kind Support | Up to $5 million per project and $10 million per applicant over the program's duration (2023 to 2028) | Open |
| Canadian Agricultural Strategic Priorities Program | Grant, Loan | AAFC contribution normally not exceeding $1 million per project, generally not more than $5 million over 5 years for each applicant | Open |
| FinDev Technical Assistance and advisory | Grant, In-Kind Support | No fixed amount | Open |
