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SOFII

To find out more information about SOFII and how we can assist your business contact us here.

What is SOFII?

In order to help businesses, accomplish their objectives, SOFII provides support to business owners by offering them repayable loans. Fed Dev Ontario supported WOCFDCA with capital investments in SOFII, as part of the agency’s Prosperity Initiative, originally in 2012 and subsequently in 2014 and 2019.

The SOFII program supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of $150,000 to $500,000 (additional funding is available on an exception basis) to support all aspects of growth challenges facing them. The loans are intended to help finance:

  • Late-stage commercialization.
  • New product or service development.
  • New applications or markets; or
  • Development or implementation of new processes or technologies.

Eligible businesses will be situated in the geographic area described as Southwestern Ontario. Both urban and rural centres are serviced by SOFII.

The West Region (WOCFDCA) will service the following areas as outlined in the census divisions: Brant, Bruce, Chatham-Kent, Dufferin, Elgin, Essex, Grey, Haldimand-Norfolk, Halton, Hamilton, Huron, Lambton, Middlesex, Niagara, Oxford, Peel, Perth, Simcoe, Waterloo, and Wellington.

Programs

Repayable Financing
Repayable financing at competitive interest rates determined through a risk assessment will be made available to qualified businesses. There are no fees to apply for financing from the SOFII. The only expenses are for the preparation of legal documentation of the loan and the registration and discharge of security where applicable.

Risk Based Interest Rates
Loans from $150K to $500K (additional funding is available on an exception basis)
Loan Term up to 5 Years
No Application Fees
No Prepayment Penalties
Non-Dilutive

Eligible Organizations

Eligible applicants are private sector innovative SMEs located in South Western Ontario who are engaged in projects that will result in the adaptation and adoption of new technologies, projects, processes or markets. Eligible organizations will:

  • Employ approximately 50 to 500 employees.
  • Be unable to obtain adequate and reasonable financing from other lending sources
  • Operate in Southern Ontario
  • Demonstrate job creation/retention for Southern Ontario residents
  • Be suitable for public funding
  • Establish a reasonable expectation of economic viability
  • Demonstrate the ability to repay funds advanced by Community Futures Western Ontario Development Corporation Association
  • Have secured the required matching funding through private investment, financial or equity partnerships or working capital.
  • Provide evidence of their ability or experience to operate the business
  • Be generating revenue

Ineligible Organizations

  • Federal and provincial government departments (eg: agencies, boards, corporations, and commissions)
  • Post-secondary institutions (eg; colleges, polytechnic institutes, universities and teaching institutions)
  • Not-for-Profit corporations, and
  • Municipal governments

Statement of Interest

Fill out our Statement of Interest

SOFII Approved Projects

ApplicantLocationLoan AmountDate Closed
TritonWear 2Toronto$160,00031-May-22
2G RoboticsWaterloo$500,00030-Apr-18
Accelerated Systems Inc.Waterloo$500,00031-Dec-14
Ace Age Inc.Waterloo$500,00031-Mar-20
AckrooGrimsby$500,0001-Mar-19
AOMS TechnologiesMississauga$230,00028-Apr-22
AOMS TechnologiesMississauga$500,00027-Sep-18
Applied RecognitionOakville$500,00028-Jun-19
Axonify Inc.Waterloo$500,0001-May-14
BlueroverCambridge$500,0009-Aug-17
BridgitKitchener$500,0001-Nov-17
Chalk.comKitchener$500,00014-Dec-17
Chalk.com 2Kitchener$185,00029-Jun-21
Coreworx Inc.Kitchener$500,0001-Aug-15
Datec Coating CorporationMississauga$500,0001-Feb-14
Davidson EnvironmentalSt. Catharines$250,00028-Jan-20
Dejero LabsWaterloo$500,0001-Sep-14
Demand MetricLondon$500,00029-Mar-19
Earth to KidsCollingwood$500,00029-Mar-19
Earth to Kids 2Collingwood$50,00011-Dec-20
Eleven-xWaterloo$500,00016-May-17
Eleven-X 2Waterloo$252,00022-Jan-21
Enhanced Medical NutritionHamilton$400,0001-Dec-22
Fortes EPS Solutions Inc.Midland$500,00021-Feb-13
FunnelCake Inc.Kitchener$500,00023-Aug-18
GainXKitchener$500,0001-Aug-18
GVA Lighting Inc.Mississauga$500,0001-May-14
GVA Lighting Inc. 2Mississauga$1,000,00030-Mar-20
Hamilton Technology CentreDundas$500,00020-Feb-19
HRWARE Inc.Brampton$500,00031-Jan-17
In the ChatWaterloo$500,00030-Jun-16
Intellijoint SurgicalWaterloo$500,00031-Mar-15
Intellijoint Surgical 2Waterloo$865,00021-Jun-19
Jakeman'sBrantford$300,00031-Jul-15
JamstackBrampton$500,00016-Sep-20
JEM StrappingBrantford$250,0001-Nov-14
JEM Strapping 2Brantford$200,00030-Nov-15
JJK Print Inc.Leamington$350,00018-Oct-19
JobAdXMississauga$500,00024-Dec-19
Link2FeedSarnia$500,0001-Jul-14
LoanConnectLondon$400,00026-Feb-21
Miovision Technologies Inc.Kitchener$500,0001-Jan-14
Nicoya LifesciencesKitchener$500,00031-Aug-16
Nix SensorHamilton$500,00030-Jun-17
Nix Sensor 2Hamilton$260,0009-Sep-20
Novanni StainlessColdwater$500,0004-Mar-13
Ocean Wave ImportsMississauga$500,00029-Oct-19
Ontario Grain ProductsDesboro$400,0001-Oct-14
Palette GearKitchener$500,00013-Jul-17
Palette Gear 2Kitchener$250,00026-Sep-20
Pavaco Products Inc.Brantford$500,0001-Sep-14
Plum.ioWaterloo$500,00031-Jan-17
Powernoodle Inc.Stratford$500,00029-Apr-19
Prolucid Technologies Inc.Mississauga$500,00031-Dec-17
Pro-NavigatorKitchener$500,00029-Mar-19
PyrowaveOakville$500,00031-Mar-15
R.E. Morrison EquipmentMississauga$450,00026-Jun-20
Ramp Inc.Waterloo$500,00025-Mar-15
Root CellarKitchener$500,00030-Sep-16
SceneDoc Inc.Mississauga$500,00031-Dec-14
SceneDoc Inc. 2Mississauga$325,00024-Oct-18
Sensor SuiteMississauga$500,0004-Jul-18
Sensor Suite 2Mississauga$150,00015-Dec-20
Sera4Waterloo$500,00019-Jun-18
Signifi Solutions Inc.Mississauga$500,0001-Nov-14
Smart Energy InstrumentsOakville$500,00030-Apr-15
Stromecore Energy Inc.Mississauga$500,00030-Apr-21
Swift Labs 1Kitchener$250,0001-Nov-19
Terepac CorporationWaterloo$500,0001-Dec-14
TeTechS IncWaterloo$500,00018-Nov-15
TritonWearToronto$500,00018-Dec-15
TritonWear 2Toronto$250,00026-Jun-19
Ubiquilux CorpEast Caledon$500,00026-Jun-19
VideoCommBurlington$500,00030-Aug-18
Vital ImageryBrussels$350,00016-Apr-18
Voices.comLondon$500,00021-Dec-12
Weever AppsHamilton$250,0001-Jun-14
Weever Apps 2Hamilton$250,00030-Nov-15
Weever Apps 3Hamilton$225,0003-Oct-18
Weever Apps 4Hamilton$400,00029-Jan-20
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Operating as Community Futures Western Ontario (CFWO)

103 Inverness Street,
Caledonia, ON N3W 1B1

(519) 752-0381

Southern Ontario Fund for Investment in Innovation (SOFII)

103 Inverness Street,
Caledonia, ON N3W 1B1

(519) 752-0381

This project is funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario.

Ce projet est financé par le gouvernement du Canada à travers l’Agence fédérale de développement économique pour le Sud de l’Ontario.

Copyright © CFWO | Website Design By Cowlick Studios

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