Financial support

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Small business loans

FedNor supports a network of 24 Community Futures Development Corporations (CFDCs) in Northern Ontario. CFDCs are local, not-for-profit organizations that offer many services and that can help with business financing, planning or other needs.

Learn more about this opportunity or find a CFDC near you today!

Financing for innovation, research and development

Businesses can apply for financing under FedNor's Innovation priority if they have a project idea that involves applied research and development (R&D) and that may be useful to the commercial market.

A suitable project idea could increase innovation, production, and product quality and in key sectors. These sectors include the mining and forest industries, agri-food, green energy and manufacturing.


  • engineering design, prototype development, product testing, patent registration
  • early stage marketing, outreach and promotional initiatives, product, process and service certifications
  • market research and technical studies that help direct future R&D and other related R&D studies

Would you like to know if your project is eligible for financing through FedNor? Read our Innovation guidelines.

Support for manufacturers

Targeted Manufacturing Initiative for Northern Ontario

Through FedNor's Targeted Manufacturing Initiative for Northern Ontario (TMINO), companies seeking improvement can apply for financing. The goal of this initiative is to help Northern Ontario manufacturers boost their productivity to increase sales, exports and job creation. By helping manufacturers increase their performance, FedNor is also helping Northern Ontario become more competitive in the global economy.

There are two main components to the TMINO: Operational Assessments and Productivity Improvements.

Operational Assessments
As part of the Operational Assessment component of TMINO, manufacturers can learn what they need to do to improve their operations. This can help them grow and produce more, in less time. FedNor has partnered with Canadian Manufacturers & Exporters (CME) to offer this service, as well as other support services, webinars and workshops, to Northern Ontario manufacturers.

To learn more, visit the CME website.

Productivity Improvements
Through the Productivity Improvements component of TMINO, Northern Ontario companies can apply for financing to update their operations. This can be done by upgrading and improving the equipment used.

Support for youth internships

Does your business want to tackle a new project related to innovation, digital economy or trade? FedNor may be able to help you hire a youth intern.

Through its Youth Internship Initiative, FedNor helps post-secondary graduates get crucial work experience. At the same time, FedNor also helps Northern Ontario businesses access educated and motivated young people to help support their goals.

Youth Internship Guidelines

Financing through FedNor initiatives

FedNor funds initiatives that provide financial support to Northern Ontario businesses. The following are supported by FedNor.

For women entrepreneurs

Are you a woman in Northern Ontario looking to start or grow a business, or build new networks across the region? The PARO Centre for Women's Enterprise can help. Learn more about PARO's funding or other services at the PARO website.

Find angel investors

Are you a new or growing business looking for investment capital? The Northern Ontario Angels (NOA) network can connect you with the right investors and provide the resources you need to make it happen. Learn more at the NOA website.

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