Northern Ontario Entrepreneur
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New! Northern Ontario Entrepreneur ProgramSupporting Entrepreneurship Opportunities Across the North |
Are you an ambitious northerner with a new entrepreneurial idea and the drive to develop your own business? The NOHFC is proud to support northern entrepreneurs, with up to $125,000 funding per project.
Who is Eligible?
- Residents of Northern Ontario who plan to start their own for-profit business in the North.
- The new venture cannot be an expansion of a similar business owned by the entrepreneur and/or relatives.
- The proposed new business must operate full-time and result in job creation in Northern Ontario.
What is Eligible?
- Costs that may qualify for funding include but are not limited to leasehold improvements and capital costs related to starting a new business such as office furniture, fixtures and equipment.
- Marketing costs totalling up to 20 per cent of eligible project costs.
Funding and Guidelines
- The NOHFC may provide a conditional grant generally up to 50 per cent of eligible costs and not to exceed $125,000 per project.
- The entrepreneur must make a cash investment in the business of no less than 10 per cent of the NOHFC’s conditional grant.
- NOHFC funding, when combined with other provincial and/or federal government funding will generally not exceed 75 per cent of eligible costs.
Please download the Program Brochure below for complete details including eligibility, funding and guidelines.
Brochures and Applications |
The publications on this website are available in PDF format and can be read by Adobe Acrobat. If you do not have a copy of Adobe Acrobat, you may download a copy of Acrobat from the Adobe website. |
How to Apply
Send completed application forms to:
Northern Ontario Heritage Fund Corporation
70 Foster Drive, Suite 200
Sault Ste. Marie, Ontario
P6A 6V8
fax: 1-705-945-6701
email: nohfc.ndm@ontario.ca
For More Information call our toll free line 1-800-461-8329
