Rural Innovation Initiative Eastern Ontario (RIIEO), made possible with funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), supports the transition and growth of SMEs (small and medium enterprises), manufacturers and communities into the new rural economy, driving direct investments by private companies in innovation to produce aggregate local and regional effects.
This includes investment in new or next generation equipment, technology, products and processes that lead to business growth, access to new markets job creation.
Supported projects will strengthen competitiveness, and lead to 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.
What is Innovation?
Innovation generates value through the successful creation and commercialization of:
It is focused on making businesses, organizations and communities more adaptive, effective, profitable, and sustainable by creating new wealth, new jobs and contributing to economic advancement and the industries of the future.
From cloud computing and lithium ion batteries to 3D printing and containerization, find out more about the technologies that have done the most to shape the internet era.
Change-Makers: The 31 Most Disruptive Technologies
Eligible activities should expand business growth and allow businesses and social enterprises to transition into the new rural economy, support the adoption of advanced business and innovation processes.
Priority sectors include:
All costs must be reasonable and directly related to the eligible project activities.
Selected projects will be eligible for a non-repayable performance-based contribution and require a minimum 50% cash contribution by the recipient on eligible expenses net of HST. The minimum project size for an RIIEO – Haliburton County local stream project is $50,000 resulting in a minimum contribution of $25,000 by the recipient.
To discuss the process and find out more about the Rural Innovation Initiative, please contact Autumn Wilson at: (705) 457-3555 or email email@example.com
Congratulations to this year's funding recipients:
This project is supported by FedDev Ontario.