No. The SOFII program supports incorporated, revenue-generating businesses. We do not fund early-stage start-ups. However, our team can help connect you with other funding opportunities that may be a better fit for your current stage of growth.

To be eligible for SOFII funding, your business should typically have been operating for 2–3 years. This ensures a level of operational stability and readiness for the growth supported by the program.

Businesses applying for SOFII funding must have a minimum of $500,000 in annual revenue. This revenue benchmark indicates financial viability and supports scalable growth.

To qualify for SOFII, your business should employ at least 8–10 people. You must also have a clear growth plan that outlines how your business will scale to approximately 50 employees within three years.

Yes. SOFII requires applicants to secure matched funding at a 1:1 ratio. This demonstrates financial commitment and strengthens the investment's impact.

SOFII supports high-growth, innovative small and medium-sized enterprises (SMEs) engaged in activities such as late-stage commercialization, new product or service development, market expansion, and the adoption of new processes or technologies.