The Southern Ontario Fund for Investment in Innovation (SOFII) is a program designed to promote growth among small and medium-sized businesses by providing them with the funds they need to develop and innovate products and services, create jobs, and make a positive economic impact on their surrounding communities.
In order to help businesses accomplish these objectives, SOFII provides support to business owners by offering them a stable source of capital. These funds for business owners in Southwestern Ontario come from the Federal Economic Development Agency. This organization invested in SOFII as a result of the Prosperity Initiative.
Many businesses and business owners throughout the region struggle to obtain traditional forms of funding to further the growth of their business. However, the SOFII program makes financial aid possible when other forms of funding are unavailable. Business owners who are interested in obtaining a loan through the SOFII program should contact the WOCFDCA office: http://www.wocfdca.ca/en/funds/sofii/