Applications will open March 2023 for the May-August 2023 cohort
Funded by FedNor, IION’s Skills Development Placement Program (SDPP) accelerates company growth projects by providing for-profit incorporated innovative companies with a competitive wage subsidy of $7,200 ($12/hour) to hire an individual full-time (37.5 hours/week) over a 16-week period. Individuals hired within the last 12-months are also eligible to be participants.
Throughout the placement, participants (employees) will participate in 7-half day mandatory workshops that will bolster their personal and professional development.
There are 2 components that participant must complete:
1) Placement with an innovative company to work on identified company project(s)
2) 7 half-day virtual soft skills/professional development workshops
When does SDPP occur?
Monday, August 29 – Friday, December 16
When is the deadline to apply?
The deadline for both companies and participants to apply is August 5, 2022. Companies must have a participant (employee) candidate by this date to move onto the selection committee.
Is my business eligible?
- Must be an incorporated for-profit entity located in the districts of Nipissing, Timiskaming, Parry Sound or Muskoka.
- Must be an innovative company that is creating economic value and growth through new or significantly improved products, processes, or services. SDPP is not applicable to businesses operating as distributors, resellers, or wholesalers.
- This is a competitive program. All company & participant applications are subject to a competitive review process
How many participants can be hired by a company?
- Each company applicant can hire one individual through this funding
Does the company have to find a participant for the position?
- Yes, it is the responsibility of the company to find a participant match by the application deadline. IION will aid in the promotion of the position and forward any potential candidates that apply to the program for a company’s consideration and vetting.
- Participants cannot be related to the directors, officers, or managers of the organization.
- Participants cannot have participated in the prior IION YEPP or EDP programs.
What are the eligibility requirements for participants?
- Participants must be over the age of 18.
- There are no schooling restrictions- they do not need to be a recent graduate or returning to school to participate.
- All participants must be legally entitled to work in Canada, have an interest in innovation and growing personally and professionally.
- Participants must agree to complete the paid 16-week placement and participate in the 7 half-day mandatory virtual professional development workshops.
What hours are the participants expected to work?
- The participants are expected to be full-time T4 employees of the company, working at a minimum of 37.5 hours a week for 16-weeks.
What is a match?
- A company and participant pair are considered a match once both company and participant applications are received by IION. Matches must be made before the August 5th deadline to be considered by the selection committee.
When are the mandatory workshops?
- There are 7 half-day mandatory professional development workshops in which the participant must participate. These will be done virtually through the Zoom platform from 8:30am-12:30pm.
- The dates are Monday August 29, Monday September 12, Monday October 24, Tuesday October 25, Wednesday October 26, Friday November 25, Friday December 16.
Does the company pay the participant while they attend the mandatory workshops?
- Yes, the company must treat these activities as paid time at work.
If successful, how does the funding work?
- Approved companies will receive a wage subsidy of $7,200 ($12/hour for 37.5 hours per week for 16 weeks) to help offset costs of the participant’s wage.
- The funding is disbursed 50/50. The first payment ($3,600) will be disbursed in the first month of the placement, the second half of the funding ($3,600) being disbursed at the end of the placement when the final reporting documents have been submitted to IION.
- The company must contribute a minimum of $2,006.25 ($3/hour from August 29-September 30 and $3.50/hour beginning October 1) to meet the provincial minimum wage requirements.
- Over the 16-weeks, the participant must be paid at a minimum of $9,206.25 (in regular hourly wages). Successful companies must submit pay stubs throughout the program to show proof of payment.
- The company is responsible for the mandatory employment-related costs (CPP & EI and any other work-related fees, insurance, etc.).
Can this placement count towards a co-op or other post-secondary credits?
- It is highly recommended that the participant contact their professors about the placement to see if there is a possibility for credits.
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