Rural Innovation Initiative Eastern Ontario (RIIEO)
Rural Innovation Initiative Eastern Ontario – Regional Stream is non-repayable performance-based funding of $100,000 to accelerate the growth of SMEs on the innovation track, with benefits to multiple communities within Eastern Ontario.
RIIEO – Regional Stream Information
Eastern Ontario Innovation Initiative made possible with funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) supports the transition and growth of traditional SMEs, manufacturers and communities into the new rural economy, driving direct investments by private companies in innovation capital producing aggregate local and regional effects.
Innovation capital is investment in Industry 4.O, new or next generation equipment, technology, products and processes that lead to business growth, access to new markets and investment in people (job creation).
Supported projects will strengthen competitiveness, productivity, business growth, process innovation, new market access, creation and retention of employment opportunities, the re-skilling of the industrial workforce, incremental sales and increased profitability, and as a result, diversify and transform our local communities and economy.
Intake will begin May 21, 2019 with all projects through 15 Eastern Ontario CFDCs being targeted for completion by December 31st, 2020.
Overall it is the intent of the Northumberland CFDC, with regional input, to support projects that accelerate the growth of SMEs on the innovation track, with benefits to multiple communities within Eastern Ontario.
Projects will demonstrate sustainability, drive prosperity and job creation/sustainment through innovation, research and development, commercialization, and business practices that work to position the region for global competitiveness, export markets, and economic diversification.
Who is Eligible
- Private, for-profit, high growth SMEs with potential for accelerated growth through a continuum of innovation.
- Fourth Pillar Not-For-Profit organizations supporting businesses and the regional advancement of innovation.
What qualifies as “Eastern Ontario” for the purposes of applicant eligibility?
Eligible project recipients will significantly impact rural Eastern Ontario, defined as:1) Stormont Dundas & Glengarry; 2) Prescott and Russell; 7) Leeds and Grenville; 9) Lanark; 10) Frontenac; 11) Lennox and Addington; 12) Hastings; 13) Prince Edward; 14) Northumberland; 15) Peterborough; 16) Kawartha Lakes; 46) Haliburton; 47) Renfrew; as well as the following Census subdivisions: Durham: Brock: and York: East Gwillimbury, Georgina, and Chippewas of Georgina Island First Nation.
*“Eastern Ontario” as defined by FedDev Ontario as the following 2006 Statistics Canada Census regions and Census subdivisions above.
- Eligible Project Recipients must explain in their application how they will accelerate the growth of SMEs on the innovation track in rural eastern Ontario.
- Applicants will be required to identify the local CFDC representing the CFDC region your project will principally impact. The identified CFDC(s) will be contacted for input on the project and to confirm applicants are not “Local Stream” funding recipients.
- Note: Maximum support to for-profit recipients will not exceed $100,000 - if applicants have received local stream support, they are ineligible for regional stream support. Funding for Fourth Pillar Not-For-Profit organizations will not normally exceed $500,000.
What is Eligible
Projects in the following priority sectors will be considered:
- Advanced Manufacturing
- Clean Tech
- Digital Industries
- Food Processing
- Projects that focus on inclusiveness: youth, women entrepreneurs, Indigenous peoples, Official Language Minority Communities, persons with disabilities, immigrants and visible minorities
- New materials
- Cutting edge services software
- Integrated solutions
- Cloud computing
- Rapid prototyping and engineering
- Robotics and automation
- Machine learning
- Extended intelligence, etc.
Fourth Pillar NFP projects should be business focussed, align with federal government economic development priorities, support priority industry sectors and inclusiveness related priorities.
Examples of eligible project activities could include:
- Labour Market Development (Re-skilling regional industrial workforce, worker transition)
- Industry Cluster Development and Advancing innovation in rural Eastern Ontario
Selected projects will be eligible for a non-repayable performance-based contribution and require a minimum 50 percent cash contribution by the recipient on eligible expenses net of HST. The minimum project size for an Eastern Ontario Innovation Initiative regional stream project is $200,000 resulting in a minimum contribution of $100,000 by the recipient.
The combined Stream total support to for-profit recipients will not exceed $100,000.
All costs must be reasonable and directly related to the eligible project activities.
Ineligible and/or Unsupported Costs include:
- Any costs deemed not reasonable and/or not directly related to the eligible project activities.
- Activities in support of regular maintenance and/or ongoing operational costs.
- Cost incurred prior to the eligibility date as defined in the Contribution Agreement.
- Costs incurred after December 31, 2020.
- Any cost that is ineligible under the Contribution Agreement.
- Acquisition of land or buildings.
- Assess project progress
- Post project completion monitoring
- Evaluate the outcomes and effectiveness of the contributions
Eligible recipients will provide the Northumberland CFDC with Progress/Activity Reports and financial claims on a monthly basis, quarterly or as required and outlined in the Contribution Agreement.
Applications are accepted on an open, continuous intake basis until December 2020 and subject to availability of funds. Normally, applicants will be notified of decision within six weeks of submission of a complete online application.
What qualifies as “Eastern Ontario” for the purposes of applicant eligibility?
Eligible project recipients will significantly impact rural Eastern Ontario. “Eastern Ontario” is defined by FedDev Ontario as the following 2006 Statistics Canada Census regions, and Census subdivisions: 1) Stormont Dundas & Glengarry; 2) Prescott and Russell; 7) Leeds and Grenville; 9) Lanark; 10) Frontenac; 11) Lennox and Addington; 12) Hastings; 13) Prince Edward; 14) Northumberland; 15) Peterborough; 16) Kawartha Lakes; 46) Haliburton; 47) Renfrew; as well as the following Census subdivisions: Durham: Brock: and York: East Gwillimbury, Georgina, and Chippewas of Georgina Island First Nation. Eligible Project Recipients must explain in their application how they will address local and regional issues, challenges, and opportunities in rural eastern Ontario. You will also be asked to identify your local CFDC representing the CFDC region your project will principally impact.
Can our organization request less than $100,000 in matching funding for a project that is less than $200,000 in total eligible project costs?
No. Current FedDev Ontario guidelines for Regional Stream Projects do not allow funding requests under $100,000.
Can our organization request more than $100,000 in matching funding for a project that is more than $200,000 in total eligible project costs?
For-profit applicants may only request exactly $100,000 in matching funding for a project that is comprised of at least $200,000 in total eligible project costs. Projects with total eligible costs above $200,000 would theoretically have a higher funding “leverage” and are eligible. Not-for-profit applicants may request more than $100,000 in matching funding for a project that consists of more than $200,000 in total eligible project costs.
If our organization has received Local Stream funding, are we still eligible for Regional Stream funding?
If a For-Profit has received Local Stream funding they are not eligible for the Regional Stream. The maximum support for a For-Profit recipient cannot not exceed $100,000. If you have any further questions about basic eligibility, please do not hesitate to contact Program Officer Judy Selvig (see contact form below).
What about the confidentiality of our application?
What is the composition of the Collaborative Innovation Panel?
The Collaborative Innovation Panel is a primary mechanism for collaborative intelligence in gaining input on regional opportunities for accelerating innovation in Eastern Ontario.
The Collaborative Innovation Panel will include 18-20 individuals inclusive:
- Representation from 15 CFDCs of Eastern Ontario
- Business Development Bank of Canada (BDC)
- Community Futures Eastern Ontario/SOFII
- Community Futures Ontario (CFO)
- Eastern Ontario Regional Network (EORN)
- Ontario East Economic Development Commission (OEEDC)
The aggregate score of panel members will be an integral component of consideration of Regional stream applications for approval by Northumberland CFDC. Click here to review the biographies of the Collaborative Innovation Panel (CIP).
How does the Collaborative Innovation Panel score applications?
Each criterion is applied with a weight for a total possible score of 100 as follows:
- 30 Points: Advancing Innovation: New technology, innovation, commercialization of a new product, process or productivity enhancements, in priority sectors.
- 30 Points: Job Creation/Maintenance: Job creation impacts.
- 30 Points: Business Expansion: Potential for sales growth, business expansion, increased profitability, strengthened competitiveness, access to new markets (including export development).
- 10 Points: Priority Sectors: Advanced Manufacturing, Clean Tech, Bio Tech, Digital Industries, Agri-food, Food Processing, and Inclusiveness (Women entrepreneurs, Indigenous peoples, Youth, Official Language Communities, Persons with disabilities, Immigrants and Visible minorities).
Who is responsible for funding decisions for the Regional Stream?
Ultimately, responsibility for funding decisions rests with the Board of Directors of Northumberland CFDC. Northumberland CFDC is delivering the Regional Stream on behalf of FedDev Ontario in partnership with the fifteen Community Futures Development Corporations of Eastern Ontario.
How are funds disbursed to approved project recipients?
Claims are submitted by the applicant normally on a monthly basis. Claims reviewed and approved by Northumberland CFDC result in up to 50% reimbursement of eligible and approved costs as set out in the signed and executed Funding Contribution Agreement. Regional Stream funds will normally be disbursed within two weeks of the approval of the claim.
How to Apply for Rural Innovation Initiative Eastern Ontario (RIIEO) – Regional Stream
2. Due Diligence
3. Panel Review
4. Committee Review
5. Project Selection
Important to Note:
- Applicants are encouraged to contact the Northumberland CFDC Program Officer to discuss proposed projects prior to submitting an online application. NCFDC Contact information
- Decisions are typically made within 6 weeks after the date of submission of complete applications. Northumberland CFDC reserves the right to extend the review and due diligence period where applicable and in order to receive and evaluate any additional documentation and substantiation. All information submitted by applicants to Northumberland CFDC must be true, accurate, correct and complete, to the best of the applicant’s knowledge and belief.
- Incomplete applications will not be considered.
- If a project is selected for support, Northumberland CFDC will prepare a Contribution Agreement with terms and conditions. Financial contributions are performance-based and subject to a 10% holdback until the applicant has completed the project, and met all project requirements as outlined in the Contribution agreement.
- No project is expected to extend past December 31, 2020.