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Yves Landry Foundation – AIME
The Yves Landry Foundation has established the AIME (Achieving Innovation and Manufacturing Excellence) Global initiative, offering manufacturers in south, central and eastern Ontario up to $100,000 to offset the costs of training expenses related to supporting innovation and achieving a competitive advantage.
The AIME Global Initiative will support two types of eligible training activities:
Training that supports the adaption of new technology, new processes or procedures or a change within the company to support innovation. This training must clearly be linked to innovations leading to global competitiveness including expanding into new domestic or international markets.
Training that supports and develops 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; and adopting and adapting new technologies, new manufacturing methods or any other business area that will make an Ontario manufacturing company more competitive in the global marketplace. Being able to clearly link your project to global competitiveness is essential.
- First time applicants whom have never received AIME funding in the past, may be eligible for up to a maximum of $100,000 with 50% shared costs.
- New, this year, manufacturers who have received funding in the past, but more than 24 months ago, may be eligible for a second tier of funding.
- These second generation applications may be eligible for up to $100,000 with a shared contribution up to 25%. The company must demonstrate 75% of the costs, with a 25% contribution from YLF up to $100,000.
Participants must meet the following criteria:
- Have between 10-1000 employees in Southern Ontario.
- Have been continuously in business for at least 3 years.
- Must be able to demonstrate a solid financial footing over the 3 year period.
- Manufacturing facility or facilities in Southern Ontario.
- Manufacture a specific product for sale in Ontario or elsewhere.