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. (click here for more information)
Rural Innovation Initiative Eastern Ontario – Local Stream is non-repayable performance-based funding from $25,000 up to $100,000 transitioning SMEs in Trenval catchment area to expand business growth and adoption of advanced business innovation processes. (see details below for Trenval area)
General Intake for Local Applications (Trenval catchment area) for projects that will be completed in the RIIEO fiscal year time frame April 1, 2020 to November 15, 2020 is now closed, Thank you.
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.
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.
Projects that focus on inclusiveness: youth, women entrepreneurs, Indigenous peoples, Official Language Minority Communities, persons with disabilities, immigrants and visible minorities
Fourth Pillar NFP projects should be business focused, align with federal government economic development priorities, support priority industry sectors and inclusiveness related priorities. Examples of eligible project activities could include:
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 RIIEO – Trenval local stream project is $50,000 resulting in a minimum contribution of $25,000 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 by way of examples include:
Eligible recipients must demonstrate that they are prepared to and have mechanisms in place to submit data, schedules, plans and reports in sufficient detail for the Trenval to:
Eligible recipients will provide the Trenval CFDC with Progress/Activity Reports and financial claims on a monthly basis, quarterly or as required and outlined in the Contribution Agreement.
General Intake for Local Applications (Trenval catchment area) for projects that will be completed in the RIIEO fiscal year time frame April 1, 2020 to November 15, 2020 is now closed, Thank you.
Applicants notified typically within 6 weeks of date of completed application.
If a project is selected for support, Trenval 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.
Incomplete applications will not be considered.
Applicants are encouraged to contact the Trenval Program Officer to discuss proposed projects prior to submitting an online application:
Harry Todd
Business Counsellor/Administration/Accounting
Trenval Business Development Corporation
tel: 613-961-7999 ext 223
Click Here to Email
Business growth and expansion with purchase of CNC and Vertical Machining Centre.
2019-02 Jensen Precision Machining Ltd., location Deseronto, approved June 21, 2019 for $32,500.
Business growth and expansion with purchase of a quality control vision measurement system.
2019-03 Ontario Truss and Wall Ltd. location Foxboro, approved July 18, 2019 for $75,000
Business growth and expansion with purchase of Laser overhead and projector system.
2019-05 Alliance Custom Fabrication Inc. location Belleville, approved Aug 19, 2019 for $65,000
Business growth and expansion with a purchase of a 240 ton CNC press brake.
2019-06 Donmac Precision Machining location Foxboro, approved Aug 19, 2019 for $75,000
Business growth and expansion with a purchase of a Vision Inspection system and Coordinate Measurement Machine.
2019-07 Trenval Business Development location Belleville, approved Sept, 25, 2019 for $25,000
Development of Mentoring Matching Network, Business Acceleration Boot Camps and Investment and Innovation attraction.
2019-08 Skye Automation Inc., location Stirling, approved Sept 25, 2019 for $37,500
Business expansion, developing flexible feeding tech lab
2019-08 BCS Automation Ltd. location Belleville, approved Sept. 25, 2019 for $65,000
Business expansion, development of tech lab
2020-01 Drs Choice Optical. location Trenton, approved April 1, 2020 for $70,000
Business expansion, equipment, development of tech lab
2020-02 Canada Blast Freezers Ltd. location Trenton, approved April 1, 2020 for $70,000
International business expansion, equipment
2020-03 Mystical Distributing Company Ltd. location Trenton, approved July 20 for $25,000
Business expansion, inventory control system update
2020-04 HAICI location Belleville, approved July 20 for $35,000
Business expansion, Robotics interactive learning
