Financing and Strategy

Driving Innovation and Entrepreneurship

Northumberland CFDC

From our headquarters at:

RE3: IGNITING ECONOMIC RECOVERY FOR WOMEN-LED BUSINESSES

July 17, 2020

The COVID-19 pandemic has had a significant impact on businesses and communities across the country. From the outset, the Government of Canada has taken action to support sectors affected by the pandemic, including through the $962 million Regional Relief and Recovery Fund (RRRF), launched on May 13, 2020.

Women-led businesses often face unique challenges, which have been amplified by the impacts of COVID-19 on our economy. With systemic barriers to growth, compounded by the financial hardships of COVID-19, the path to re-opening can be challenging. As the economy gradually reopens, these businesses need support for the additional expenditures, such as acquiring personal protective equipment (PPE), re-configuring physical storefronts or workspaces to adopt social distancing measures, and positioning themselves for a successful recovery.

Click here to read the official press release.

Our Vision: Community Futures

Prosperity in Northumberland (and across Eastern Ontario) through innovation and entrepreneurship.

How do we get there?

By providing financing and strategy for entrepreneurs. We provide loans of up to $250.000 for business start up, stabilization and expansion.

Who do we work with?

Growth oriented SMEs, next generation startups and twenty-first century institutions who are creating local economic opportunities and high quality jobs.

BUSINESS FINANCING


CFP

We provide loans of up to $250,000 for qualifying startups and small and medium-sized enterprises.

Nventure

Our co-investment fund (sidecar) for technology startups and innovation-driven enterprises.

DELIA

Our fintech-driven lending platform for innovative women-led business in rural Eastern Ontario.

STRATEGIC FUNDING


RIIEO – LOCAL

Non-repayable performance-based funding transitioning SMEs in Northumberland to expand business growth and innovation.

RIIEO - REGIONAL

Non-repayable performance-based funding to accelerate SMEs on the innovation track, benefiting multiple communities within Eastern Ontario.

FedDev Ontario

A federal institution providing funding for innovation and economic growth across Southern Ontario.

STARTUP ACCELERATION


Venture13

Soft land your innovation-driven enterprise in our flexible V13 VentureZone.

N100

Compete in our biennial open invitational $250,000 technology startup competition.

Policetech Accelerator

Driving innovation and entrepreneurship to improve community safety

News


RRRF Update

RRRF Update

Northumberland CFDC, our staff and Board of Directors, are working continuously with the Federal Economic Development Agency for Southern Ontario and the Government of Canada to deliver agile and responsive programming to support innovation and entrepreneurship in Northumberland and Eastern Ontario in response to the current COVID-19 pandemic challenges.

read more
Regional Relief and Recovery Fund (RRRF)

Regional Relief and Recovery Fund (RRRF)

A quick overview and your top questions answered. With the launch of the local stream of the Government of Canada’s Regional Relief and Recovery Fund (RRRF) we have been talking to a lot of local business owners and answering their questions about how this fund can work for them.

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Latest Tweets

Northumberland CFDC at Venture13

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Assistance and Stimulus Fund for Francophone Businesses and Organizations in Southern Ontario