Programme pour l'investissement dans le Nord — Investissement — Volet Lancement ### 📋 Eligible Entities - Entrepreneurs and business owners establishing a new full-time business in Northern Ontario - Canadian citizens or permanent residents - Sole proprietors and incorporated businesses - Individuals who have not owned a business in the previous 2 years (or meet specific exemptions) - Applicants demonstrating financial need and commitment to the Northern Ontario region - Businesses must be newly established (not acquisitions of existing operations) ### 💰 Funding Details - Maximum Grant: $200,000 CAD - Cost Coverage: Up to 50% of eligible startup costs - Matching Requirement: Applicant or other sources must cover minimum 50% of total startup costs - Repayability: Non-repayable grant (contribution, not loan) - Funding Type: Direct contribution to startup capital - No interest or repayment obligations apply to recipients ### 🛠️ Approved Expenses - Business equipment and machinery purchases - Leasehold improvements and renovations - Technology infrastructure and software systems - Initial inventory purchases - Professional services (legal, accounting, consulting) - Licensing and permit fees - Working capital for initial operations - Furniture and fixtures - Training and certification costs - Business registration and incorporation costs ### ⚠️ Conditions & Milestones - Business Location: Enterprise must operate full-time in Northern Ontario - Application Deadline: Subject to program availability and annual intake periods - Financial Documentation: Detailed business plan and startup cost breakdown required - Personal Investment: Applicant must demonstrate personal financial contribution - Reporting Requirements: Recipients must report on business performance and fund utilization - Timeline: Funds typically disbursed upon approval and verification of eligible expenses - Business Viability: Demonstrated feasibility through credible business plan - Employment: Business must create at least one full-time job position - Compliance: Funds must be used within specified timeframe; unused portions may be reclaimed - No Conflict: Applicants cannot receive duplicate funding from other provincial/