Ontario's Must-Know Business Grant: Advanced Manufacturing and Innovation Competitiveness Stream (AMIC)

🚀 Are you operating or planning to relocate your manufacturing business to Ontario? If so, you can receive up to $1,500,000 in grant funding! Let’s dive into Ontario’s Advanced Manufacturing and Innovation Competitiveness Stream (AMIC) and how it can benefit your business.

 

1️⃣ What is the AMIC Program?

Ontario's AMIC program is designed to enhance the competitiveness, innovation, and job creation of advanced manufacturers while driving economic growth.

✔ Job creation and workforce development
✔ Support for advanced technology and equipment adoption
✔ Funding for innovative projects
✔ Enhancing Ontario’s economic competitiveness

🚀 Key Benefits of the AMIC Program

✅ Small businesses (including rural areas) → Eligible for up to $500,000 in grant funding!
✅ Strategic projects (onshoring, foreign direct investment, etc.) → Eligible for up to $1,500,000!

 

2️⃣ Who Can Apply? Eligibility Criteria

🛠 Eligible Industries

📌 Aerospace, Automotive, Chemicals, ICT (Information and Communication Technology), Life Sciences, and Steel

✅ Who Qualifies?

To be eligible, your business must:
✔ Have been in operation for at least 3 years
✔ Be located in Ontario or have plans to relocate to Ontario
✔ Have at least 10 employees
✔ Commit to creating at least 5 new jobs or upgrading existing workforce skills
✔ Invest a minimum of $500,000 in a project

❌ Ineligible Projects

• General maintenance and simple equipment replacement
• Internal business relocation within Ontario
• Retail, residential construction, personal services, and non-manufacturing businesses

🔎 Want to check if your business qualifies?
👉 Use the AMIC Self-Assessment Tool

 

3️⃣ Funding Details 💰

📍 Funding Types & Maximum Support Amounts

Funding TypeMaximum AmountSpecial Conditions

Loan	Up to $5,000,000, interest-free (4 years)	Up to 30% of the loan can be forgiven if targets are met
Grant (Small Business in Rural Areas)	Up to $500,000	Must have fewer than 100 employees and be in a rural area
Grant (Strategic Projects)	Up to $1,500,000	For foreign direct investment, competitive jurisdiction projects, or onshoring efforts

📌 💡 TIP: If you meet the job creation and investment goals, part of your loan could be forgiven!

📑 More Details & Sample Applications:
🔗 AMIC Program Guidelines
🔗 Download Sample Application

 

4️⃣ How to Apply 📄

✅ Application Period: January 16 – April 24, 2025
✅ Results Notification: By July 22, 2025

📍 4-Step Application Process

1️⃣ Complete the Self-Assessment Tool
👉 Check Your Eligibility

2️⃣ Consult a Government Advisor & Register for TPON
👉 Register for TPON

3️⃣ Prepare and Submit the Application
💡 TIP: Submit at least 2 weeks before the deadline for a smoother process.

4️⃣ Receive Approval, Sign Agreement, and Get Funded

📌 Need More Information?
📞 Free Customer Support: 1-855-216-3090
📧 Email Support: rdp@ontario.ca

 

5️⃣ Is AMIC the Right Program for Your Business?

✔ If you’re an advanced manufacturer planning to invest in R&D → YES!
✔ If you’re expanding operations in Ontario and creating jobs → YES!
✔ If you need up to $1,500,000 in grant funding → YES!

🚀 However, if you’re applying for SR&ED, ensure AMIC funding doesn’t impact your eligibility for R&D tax credits!

 

6️⃣ Maximize Your SR&ED Benefits with SREDX!

💡 Considering applying for SR&ED?
We help businesses leverage SR&ED programs efficiently to maximize tax credits and government funding.

Why choose SREDX?
✔ Expertise & Experience: 20+ years in engineering, IT, and SR&ED consulting
✔ Tailored Solutions: Customized analysis for optimal tax credit strategies
✔ Maximized Refunds: In-depth R&D evaluation to ensure the highest possible rebate

📌 SREDX Free Consultation & Partnership Inquiry:
📧 info@sredx.com 🚀

Partner with SREDX today and secure the maximum financial benefits for your business!