Learn how eligible companies can get support to make investments in technology, equipment or skills to improve your competitiveness.
The Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream will provide financial support to advanced manufacturing companies with a focus on small and medium-sized enterprises across Ontario. It will provide investments in:
- funding support
- complementary services and support
The types of support available include:
- be a for-profit business (with a business number)
- less than 500 employees globally
- less than $1 billion in global revenues
- have at least two years of financial statements
- at least 50% of the company’s total sales revenue comes from the auto supply sector
The fund supports projects that:
- create jobs and build talent
- attract and encourage private sector investment
- help companies to adopt technologies that improve their competitiveness
- lead to business growth and broad positive economic impacts
- encourage innovation, collaboration, and cluster development
Who is Eligible
The fund supports business and organizations in advanced manufacturing sectors, including:
- information and communications technology (ICT)
- life sciences
To be eligible, businesses need to:
- have at least three years of operations/financial statements
- employ at least 10 people
- commit to creating at least five new jobs and/or upskilled current jobs
- invest at least $500,000 in their project
- be located in, or plan to locate in, a community in Ontario
Restrictions: You are not allowed to combine (or stack) AMIC funding with funding from other provincial programs.
Types of Support Available
Up to 15% of eligible project costs.
Up to 15% of funding to a maximum of $5 million, interest free during the project period (up to four years).
If you achieve your investment and job or upskilling targets, up to 30% of the loan (to a maximum of $500,000) may be forgiven.
Grants are available only for specific circumstances, up to 15% to a maximum:
- of $500,000 for small companies located in rural communities
- of $1.5 million for strategic projects that are foreign direct investments or from companies competing against other jurisdictions or companies with significant reshoring projects
Complementary Supports and Services
Complementary supports and services are available when you submit a completed application. This could include:
- advisory services to help you navigate other government programs, such as guidance on compliance approvals
- help with skills and talent
- health and safety
These services are available for the duration of your project regardless of the funding outcome. Services will be coordinated by working with partner ministries until they are delivered, closed-out or finalized.