Coin Photo by Flickr member Ruth Hartnup (cc-2.0)

SOFII

The Eastern Ontario Network of CFDCs administers the Eastern Ontario portion of a regional fund called SOFII (the Southern Ontario Fund for Investment in Innovation). SOFII supports high-growth and innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of usually $150,000 to $500,000 to support all aspects of growth challenges. The loans are intended to help finance:

  • Late stage commercialization
  • New product or service development
  • New applications or markets
  • Development or implementation of new processes or technologies

The SOFII loan fund acts as a catalyst for increased investment in innovation.

Visit the official SOFII website to find out more.

Visit Sofii.ca