WMCO announces FedDev Ontario funding to support wood manufacturing in Ontario | Ontario East

WMCO announces FedDev Ontario funding to support wood manufacturing in Ontario

WMCO has been successful in securing funding for WMCO wood manufacturing members in Ontario.

The project is over 2.5 years and will fund 50 companies with digital integration projects. The first round will fund 10 companies for expenditures between April 1, 2023 and with final expense claims due February 28, 2024. This is to meet the WMCO’s March 15 reporting schedule required by FedDev Ontario, as the funding provider.

Future rounds:

  • April 1, 2024- Feb 28, 2025: 18 Projects
  • April 1, 2025- Feb 28, 2026: 22 projects- 2 at half the budget amount

To access the document with the project plan template and the list of qualifying factors, click here.

Funding is based on eligible expenses up to $100,000 at 45% funding ($45,000 funded maximum). All expenses associated with project costs need to be included to capture full project investment by industry.

Completed project plans are now being accepted for Round 1. 
Please note the timeline for expenses if you are considering Round 1.

NOTE: PLANS ARE ACCEPTED ON A FIRST COME-FIRST SERVED BASIS.

Click here to join WMCO: Join Now – Wood Manufacturing Cluster of Ontario

DEADLINE FOR SUBMISSION FOR ROUND 1 IS NOVEMBER 10.

Forward your completed plans and expression of interest to mbaker@wmco.ca and mpetrie@wmco.ca

ROUND 2: Email mbaker@wmco.ca to declare your interest in Round 2.

Deadline for Round 2 Project plans will be announced early 2024.

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Article Type: 
News Article