The primary purpose of the Southern Ontario Fund for Investment in Innovation (SOFII) is to support the growth of knowledge-based small and medium size enterprises (SMEs) through the provision of loans addressing all aspects of innovative SME growth challenges.

The Program objective is to foster the creation of jobs in SMEs and improve the competitiveness, market penetration/share and stability of participating companies. Knowledge-based Industry includes, but is not limited to, firms involved in pharmaceuticals, health biotech, new materials, telecommunications, information technology, software, medical equipment and avionics.

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. SOFII is one element in the emerging climate of support for innovative SMEs and high-growth companies.

The Federal Economic Development Agency (FedDev Ontario) has invested in the SOFII program through their Prosperity Initiative. These funds are delivered through two regional Community Futures Development Corporation (CFDC) Associations. CFDCs are not-for-profit organizations that support communities with economic development activities and access to capital when it may not be available through traditional sources.

There are 2 regional Program offices; Brantford, serving Western Ontario and Peterborough, serving Eastern Ontario. For more information, please go to the Western Ontario CFDC website at www.wocfdca.ca or for Eastern Ontario, please visit www.eocfdc.ca.

To learn how SOFII works, click here

Additional information