The Yves Landry Foundation is making available up to $100,000 per company in the form of a grant to foster training that will lead to advancements in innovation within the manufacturing sector in Southern Ontario.
Specific funding will be provided for two major objectives:
- Objective 1 -- Training that will support the adaptation of new technology, new processes or procedures or a change within the company to support innovation. If a manufacturing company is adopting an innovative new process or concept in any area of its business, funding can be provided to share in the cost of retraining all involved employees. This objective must clearly be linked to innovations leading to global competitiveness or enhanced global export development.
- Objective 2 -- Training that will support and develop Highly Skilled Personnel in any area that leads to innovation. This can include the development of new engineering skills, training in the use of new software, hardware or other tools necessary to support innovation, retraining to embrace new technologies, new manufacturing methods, or any other business area that will make a Southern Ontario manufacturing company more competitive in the global marketplace. Ultimately it should lead to a situation where the applicant develops or enhances a culture that supports constant training and development to support ongoing innovation in all areas of the business.
This funding is open to all Southern Ontario manufacturing companies in all segments that meet the following criteria:
- Between 10 – 1,000 employees (part time and contract workers not eligible);
- Continuously in business in Southern Ontario for at least 3 years;
- Must be able to demonstrate a solid financial footing over the three year period;
- Manufacturing facility or facilities located in Southern Ontario;
- Manufacture a specific product for sale in Ontario or elsewhere.
Examples of training to support innovation that can be specifically funded are provided on the Yves Landry website.
L&A County manufacturers can contact the Lennox & Addington Economic Development Office for more details about the funding and to receive assistance with the application.