Grants and Contributions:
Title:
900599
Agreement Number:
900599
Agreement Value:
$1,000,000.00
Agreement Date:
Apr 1, 2025 - Sep 30, 2027
Description:
Support to develop a new product and upgrade a production facility, including machinery, material, infrastructure, labour, and commercialization costs, to support entering global markets in response to tariffs.
Organization:
Federal Economic Development Agency for Northern Ontario
Location:
GRAVENHURST, Ontario, CA P1P 1R1
Reference Number:
200-2025-2026-Q4-055
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
823082730
Recipient Type:
For-profit organization
Additional Information:
Non-Repayable Contribution 2025/26 to 2027/28
Recipient's Operating Name:
ICARUS AERO INC.
Recipient's Legal Name:
ICARUS AERO INC.
Federal Riding Name:
Parry Sound—Muskoka
Federal Riding Number:
35084
Program:
Regional Tariff Response Initiative
Program Purpose:
To provide streamlined, nationally consistent and yet regionally tailored support for business productivity and scale-up, particularly for small and medium-sized enterprises (SMEs) and women entrepreneurs and other underrepresented groups, and assist the enhancement of regional industrial and technology clusters and regional innovation ecosystems.
Coverage:
North East ON
NAICS Code:
541330