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.

• Private, for-profit, traditional SMEs with the potential to grow through innovation.
• Fourth Pillar Not-For-Profit organizations supporting business and community transition into the new rural economy.

• Advanced Manufacturing
• Clean Tech
• Digital Industries
• Agri­food
• Food Processing

Projects that focus on inclusiveness: youth, women entrepreneurs, Indigenous peoples, Official Language Minority Communities, persons with disabilities, immigrants and visible minorities

• New materials
• Integrated solutions
• Rapid prototyping and engineering
• Machine learning
• Cutting edge services software
• Cloud computing
• Robotics and automation
• Extended intelligence, etc.

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:

• Support programs for re-skilling of the industrial workforce
• Business accelerators and hubs diversifying and transitioning local economies

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.

• Labour
• Expertise
• Non-Capital
• Capital

Ineligible and/or Unsupported Costs by way of examples include:

• Any costs deemed not reasonable and/or not directly related to the eligible project activities.
• Activities in support of regular maintenance and/or ongoing operational costs.
• Cost incurred prior to the eligibility date as defined in the Contribution Agreement.
• Costs incurred after December 31, 2020.
• Any cost that is ineligible under the Contribution Agreement.
• Acquisition of land or buildings or vehicle purchase.
• Lease agreements.

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:

• Assess project progress
• Post project completion monitoring
• Evaluate the outcomes and effectiveness of the contributions

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 are now being accepted.

1. Submission – Click Here to Download the RIIEO Local Stream Application Fillable Form
2. Due Diligence – Trenval staff carry out review, due diligence and project development
3. Committee Review – Committee review and recommendation to Board of Directors, Trenval
4. Project Selection – Decision by Board of Directors, Trenval (Accept or Decline).

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 $50,000

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 $50,000

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 $27,500

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