Are you an Innovative Business?
The Southern Ontario Fund for Investment in Innovation (SOFII) loan program supports high-growth, innovative small and medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of $150,000 to $500,000 to support all aspects of growth challenges facing them. Funded in part by FedDev Ontario, SOFII empowers innovation in southern Ontario.
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Obtaining the loan from SOFII was pivotal for our business, allowing us to secure the necessary equipment to excel our business forward. Working with their team has been seamless from start to finish.
The SOFII funding allowed FireRein to achieve market certification and prepare for our 2022 sales push. This was key to unlocking global markets.
The SOFII funding came at a critical time and was a great help to complement other funding as we work to scale in a rapidly growing industry.
SOFII was instrumental in funding Sera4 as we transitioned from our first customer to a product line that is suitable for many customers. With that funding, we have expanded to over 100 customers and growing.
We bootstrapped eleven-x through our first several million dollars of revenue. SOFII was a significant contributor to enabling us to do this.
Our experience with the program, and in particular the SOFII team, has been excellent!
Ideal SOFII Candidate
Doing something innovative in a different industry that is not listed here?
Get in touch with our representatives today to find out how your business may qualify.