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FUNDING AVAILABLE TO BRING PRE-COMMERCIALIZED PRODUCTS AND SERVICES TO MARKET
The Build in Canada Innovation Program (BCIP) contributes up to $500,000 towards the procurement, testing and evaluation of innovative goods and services by Canadian government departments and agencies. Read More
Canada-Wide Grant for Hiring Information and Communication Technology Graduates
The ICT CareerConnect program will contribute up to $18,000 towards the hiring of post-secondary graduates for information and communication technology (ICT) work placements. Read More
Canadian Grant for Hiring Young Engineers
The Science and Technology Internship Program offers a wage subsidy of up to $13,200 towards hiring of a recent science or engineering post-secondary graduate for a maximum of 52 weeks. This subsidy is available to Canadian geomatics, geology, mining, forestry or energy businesses, organizations and institutions. Eligible intern candidates must have graduated within the last two years from a Canadian institution and be under 30 years of age. The intern offered position should be newly created, potentially lead to full time employment, plus provide marketable work experience and training in the graduate’s field of study. Moreover, the hired intern is to collaborate with applicant researchers in the undertaking of a commercially relevant scientific or technical research project. Project examples include bench level research, scale-up testing, pilot plant operations, analytical testing, calibration, technical documentation, and field tests.
Government Investment for Large Innovative Projects
The Advanced Manufacturing Fund (AMF) offers interest-free loans of $10 to $20 million to Ontario companies involved in R&D or manufacturing. Loans are to cover up to 50% of an investment in projects that create new and innovative products or production methods. Examples of eligible activities include but are not limited to:
- Prototyping, demonstration projects, advanced production methods and applied research
- Work conducted to achieve technical advancement through the creation or improvement of existing materials, devices, products or processes
- Adoption or adaption of innovative products, technologies (machinery and/or equipment) and processes that support either product or process innovation.
Eligible costs include:
- Capital expenses such as equipment and retrofits (land and building costs are not eligible)
- Salaries and benefits directly related to the project
- Consultant and other professional fees
Applicants must have matching “cash in hand” funding i.e. $10 to $20 million. Terms of the program loan will be negotiated on a case by case basis, with payments commencing no later than 1 year after the completion of the project. The program is accepting applications from now until October 1, 2014.All project activities must be completed by December 31, 2018.
The AgriInnovation Industry-Led Research and Development program offers up to $10 million in grants for early-stage investigations of new agriculture products, practices, and solutions. Projects must benefit agricultural producers and processors and increase market opportunities. Eligible activities include:
- Research and development of new agri-food or agri-based products, practices, and processes
- Piloting and testing of new technologies
- Adoption and adaptation of new technologies to the agriculture sector
- Pure research aimed at addressing industry/sector issues
Maximum funding levels are 50% for businesses and 75% for not-for-profit organizations. In addition to funding support, the program offers collaborative assistance in the form government research personnel and resources.
Eligible project costs include, but are not limited to, the purchase of project-related equipment, consulting and contractor fees, as well as applicant salaries and travel costs. At the program’s discretion, expenses incurred prior to receiving funding approval may be supported.
Projects must be completed by March 31, 2018.