Next Generation of Jobs Fund

The Next Generation of Jobs Fund (NGOJF) provides funding to a broad range of privately-led projects that will build a stronger, knowledge-based economy and create good, well-paying jobs.

Program criteria

To receive funding, companies and industry-led partnerships must meet several of the following requirements:

• secure good jobs for Ontarians
• use or develop innovative technologies, processes and/or materials
• help establish Ontario as a global leader in an emerging market
• build on their existing Ontario-based or create new expertise in research and commercialization
• reduce greenhouse gas emissions in target sectors
• create synergies among researchers, business people and entrepreneurs.

Three program streams

The NGOJF has three component programs, each with a different focus and application process. Applicants should review each category to select the the one that best fits with their project.

Biopharmaceutical Investment Program (BIP) is specifically targeted to support the expansion of research and advanced manufacturing by pharmaceutical and biotechnology firms by providing grants, loans, forgivable-interest loans and funds for building infrastructure, research and training.
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• Jobs and Investment Program (JIP) helps companies in a wide range of sectors to expand in Ontario and develop innovative products for global markets. Projects must either create or retain at least 100 jobs, or invest $25 million over five years.
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• Strategic Opportunities Program (SOP) supports industry-led, public-private collaborations focused on increasing Ontario’s innovation expertise in three key sectors:
  • the bio-economy and clean technologies
  • advanced health technologies
  • creative industries such as digital media and information and communications technologies (ICT).
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The following types of projects are not eligible for NGOJF support:

• start-ups/companies with no existing operations
• restructuring
• purchase of assets for mergers and acquisitions
• natural resource exploitation or extraction (except for value-added resource processing)
• replacement technology
• retail
• personal services
• government enterprises
• real estate
• tourism
• traditional farming, mining or forestry.

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