OCI – Voucher with Innovation and Productivity (VIP)

This program funds collaborative innovation efforts between Ontario businesses and post-secondary institutions. These projects should generate economic benefits for Ontario’s businesses in a short-term time frame.

What Is OCI – Voucher with Innovation and Productivity (VIP)?

OCI – Voucher with Innovation and Productivity (VIP) is a program in Ontario, Canada, that provides funding and support to businesses, enabling them to access specialized expertise and resources to enhance innovation capabilities and improve productivity.

OCI – Voucher with Innovation and Productivity (VIP) Overview

The OCI – Voucher with Innovation and Productivity (VIP) program in Ontario, Canada, provides funding and support to businesses, aiming to promote innovation and improve productivity. Eligible companies can receive vouchers to access specialized expertise, services, and resources, enhancing their innovation capabilities and productivity.

By offering financial assistance for activities like research and development, technology adoption, process optimization, and skills development, the VIP program encourages businesses to pursue innovative projects. These vouchers enable collaboration with experts, leveraging their knowledge to drive innovation, enhance competitiveness, and achieve productivity gains.

How Much Funding?

– Up to 50% of total eligible project costs, from $20,000 to $150,000
– Minimum OCE contribution $20,000 per year

*The funding is awarded to the research partner, and, in this way, can be used to supplement the research budget.

WHO QUALIFIES?

– For-profit, incorporated in Ontario for at least two years, and has a valid CRA business number
– Has a minimum of five full-time equivalent (FTE) employees in Ontario
– Is using or developing technology innovation or innovative processes for competitive advantage in provincial, national and/or global markets
– Has operations (production and/or R&D) in Ontario related to the project

Eligible Activities & Expenditures

Collaborations between Ontario’s industry and publicly funded post-secondary institutions to develop, implement and commercialize technical innovations

Travel and living expenses
Salaries and benefits
Operating expenses

PROGRAM DEADLINE

Ongoing

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

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OCI – Voucher with Innovation and Productivity (VIP)

What Is OCI – Voucher with Innovation and Productivity (VIP)?