Southern Ontario Fund for Investment in Innovation (SOFII)

Overview

The Southern Ontario Fund for Investment in Innovation (SOFII) is a loan program that supports high-growth, innovative small and medium-sized enterprises (SMEs) in both rural and urban communities across Southern Ontario. SOFII offers loans ranging from $150,000 to $500,000 to assist businesses in overcoming growth challenges and fostering innovation. The program is funded in part by FedDev Ontario and is delivered by the Networks of Community Futures Eastern and Western Ontario. SOFII focuses on providing financing to SMEs engaged in sectors such as digital industries, clean technology, agri-food, health and biosciences, and advanced manufacturing. The program aims to support various stages of business development, including late-stage commercialization, new product or service development, market expansion, and the implementation of new processes or technologies. By offering interest-bearing loans, SOFII acts as a catalyst for increased investment and support for innovation in Southern Ontario. Since its inception, SOFII has been instrumental in assisting numerous businesses across the region, contributing to job creation and economic growth. The program's impact is evident in the significant funding disbursed across various sectors, demonstrating its commitment to fostering a diverse and innovative business ecosystem in Southern Ontario.

Investment Focus

• High-growth, innovative small and medium-sized enterprises in Southern Ontario

Portfolio Companies