FedDev Ontario has introduced two new funding initiatives aimed at supporting innovation and economic growth in Southern Ontario. These programs focus on advancing homebuilding technology and artificial intelligence (AI), offering eligible businesses and organizations funding to drive meaningful change in these critical sectors. Applications are open until December 20, 2024 for both programs.
1. Homebuilding Innovation Initiative
The Homebuilding Innovation Initiative supports small-to-medium enterprises (SMEs) and not-for-profit organizations dedicated to improving housing solutions. This program funds projects that incorporate advanced construction methods, modular housing techniques, sustainable materials, and digital solutions to enhance productivity in the building industry.
Key project examples include:
2. Artificial Intelligence Initiative
The AI Initiative has two focus areas:
This initiative provides crucial financial resources to help businesses leverage AI for enhanced operational capabilities, allowing them to stay competitive in a rapidly evolving market.
How to Apply
Applications are open through December 20, 2024. Interested businesses and organizations are encouraged to apply early. For full eligibility criteria and application guidelines, visit the links below:
These programs offer an exciting opportunity for companies to turn their visions into impactful, market-ready solutions. Explore how your organization can benefit and lead the way in innovation.
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