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AFO · Debt

Regional Economic Growth through Innovation (REGI)

Interest-free repayable federal funding for scaling businesses, delivered regionally by ACOA, FedDev Ontario, PrairiesCan, PacifiCan, CED-Q, and CanNor.

Program status and primary actions

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Quick facts.

Size range
$125,000, $20,000,000
Cost / pricing
Interest-free repayable contribution (not a grant. Funds ~50% of eligible project costs (ACOA up to 75% in some cases). Contribution ceiling varies materially by region: up to $5,000,000 (PrairiesCan, PacifiCan), $10,000,000 (FedDev Ontario), or $20,000,000 (ACOA)) though the median award across regions is far smaller, roughly $50,000 to $350,000. Repayment begins after project completion, typically following a 12 to 24 month grace period.
Typical speed to close
Months
Capital type
Government-backed debt

Eligibility

Who this program is for.

Incorporated for-profit business with a scale-up or productivity project, new technology adoption, capacity expansion, or entry into new markets. Most regions expect 2+ years operating history and established revenue. Project must be delivered inside the applicant's regional development agency's territory: ACOA (Atlantic Canada), FedDev Ontario (Southern Ontario), PrairiesCan (AB/SK/MB), PacifiCan (BC), CED-Q (Quebec), or CanNor (Yukon/NWT/Nunavut).

Use of proceeds

What this capital can fund.

Outside these categories the program either isn’t a fit or requires a non-standard structuring conversation. The screener cross-references your specific use of proceeds against the full catalog before recommending an instrument.

What Capital Toolkit does

CPA-led engagement, not lead generation.

Whether the answer is Regional Economic Growth through Innovation (REGI) or something else in the catalog, the engagement starts the same way: a CPA reviews the use of proceeds, the balance sheet, and the projections to confirm the right structure. Only then do we build the package and approach providers. The catalog page's screener exists to triage cleanly; this page exists so you can read the program in detail before that conversation.

If Regional Economic Growth through Innovation (REGI) is the right fit, you’ll get a normalized financial package, a coverage or eligibility analysis appropriate to the program category, and provider / program outreach handled by a CPA with the engagement still under one roof.

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Sources & verification.

Program details (external)
Open program page (opens in a new tab)
Catalog entry last verified

Program criteria, rates, and ceilings change. Capital Toolkit verifies the catalog entry against the provider periodically, but the linked program page is always the authoritative source at the point of application.

Where this program shows up

The hubs that feature Regional Economic Growth through Innovation (REGI).

This program is curated into the hubs below, industry verticals where it’s a typical fit, business stages where it’s the right answer, and funding stacks where it combines with others.

6 industries

Featured in industries

3 stages

Featured at stages

1 stack

Used in stacks

Head-to-head

Compare Regional Economic Growth through Innovation (REGI) against another option.

The comparisons below answer the “should I do this or that?” question with a side-by-side matrix plus the scenarios where each option wins.

Related programs in the same family

Also in Debt.

See the full family landing

See every option side by side.

The full catalog groups debt, grants, equity, and alternative structures by family so you can compare like with like before booking a conversation.

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