Series: Celebrating the 2013 Funding Roadshow Sponsors—SOFII (Views: 3415)
Tue, 04 Jun 2013
Fundica celebrates the presence of The Southern Ontario Fund for Investment in Innovation (SOFII) as another valued sponsor of the 2013 Funding Roadshow. Supported by the Federal Economic Development Agency for Southern Ontario and a new $20-million program associated with its Prosperity Initiative, loan funds of up to $500,000 are provided by the SOFII project to support high-growth, innovative small and medium-sized enterprises (SMEs) in rural and urban communities. A catalyst for increased investment in and support for innovation, these loans are one element in the emerging climate of support for high-growth companies in Southern Ontario.
As an important sponsor of the 2013 Funding Roadshow, the SOFII project brings special products to the events considering its focus on supporting the growth of knowledge-based small and medium size enterprises (SMEs) with loans that address all aspects of SME growth challenges. Knowledge-based enterprises include firms involved in pharmaceuticals, health biotech, new materials, telecommunications, information technology, software, medical equipment and avionics. The objective is to foster the creation of jobs in SMEs and improve the competitiveness, market penetration/share and stability of participating companies.
Qualified applicants are innovative small and medium-sized enterprises (SMEs) located in Southern Ontario’s rural and urban communities that are planning to undertake projects for late-stage commercialization, new product or service development, new applications or markets, or development or implementation of new processes or technologies. Interested companies can visit the Southern Ontario Fund for Investment in Innovation (SOFII) website for complete information about eligibility and the review and approval process.
Eligible SMEs enjoy the added advantage that the funding provided by SOFII has been developed as a long-term sustainable fund offering a stable source of capital for SMEs working on introducing innovative and competitive products, services, processes or technologies from concept to market launch.
Loans are delivered through two regional Community Futures Development Corporation (CFDC) Associations, not-for-profit organizations that support communities with economic development activities and access to capital when traditional sources are not available. For the convenience of interested SMEs, there are two regional offices, one in Sarnia to serve Western Ontario, and the other in Peterborough to serve Eastern Ontario.
By Stephen Hanley
shanley@fundica.com
As an important sponsor of the 2013 Funding Roadshow, the SOFII project brings special products to the events considering its focus on supporting the growth of knowledge-based small and medium size enterprises (SMEs) with loans that address all aspects of SME growth challenges. Knowledge-based enterprises include firms involved in pharmaceuticals, health biotech, new materials, telecommunications, information technology, software, medical equipment and avionics. The objective is to foster the creation of jobs in SMEs and improve the competitiveness, market penetration/share and stability of participating companies.
Qualified applicants are innovative small and medium-sized enterprises (SMEs) located in Southern Ontario’s rural and urban communities that are planning to undertake projects for late-stage commercialization, new product or service development, new applications or markets, or development or implementation of new processes or technologies. Interested companies can visit the Southern Ontario Fund for Investment in Innovation (SOFII) website for complete information about eligibility and the review and approval process.
Eligible SMEs enjoy the added advantage that the funding provided by SOFII has been developed as a long-term sustainable fund offering a stable source of capital for SMEs working on introducing innovative and competitive products, services, processes or technologies from concept to market launch.
Loans are delivered through two regional Community Futures Development Corporation (CFDC) Associations, not-for-profit organizations that support communities with economic development activities and access to capital when traditional sources are not available. For the convenience of interested SMEs, there are two regional offices, one in Sarnia to serve Western Ontario, and the other in Peterborough to serve Eastern Ontario.
By Stephen Hanley
shanley@fundica.com
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