Agtech Growth Fund (AGF)
Highlights
You have a chance to apply for a non-repayable grant of up to $450,000. This funding can cover 30% of eligible costs for projects that push forward technological innovations in the agricultural sector in Saskatchewan. This means you can enhance your operations—be it upgrading equipment or implementing new systems—without worrying about repayments. It’s a smart way to fuel growth while keeping your financial burden low.
Participation in this program brings several advantages for your business:
- Significant Financial Support: With a potential grant of up to $450,000, this funding can provide a major boost.
- Flexibility: Use the funds for various projects that suit your goals.
- No Revenue Limits: Whether you're a small startup or a large enterprise, this program is open to all sizes of businesses in agriculture.
Applying is straightforward, and with the right fit, it could open doors to innovations that will elevate your business in a competitive marketplace. Don’t miss out on this valuable opportunity to invest in your future!
Financing Details
This program offers a non-repayable grant. This means you can receive funding without the need to pay it back. The grant covers up to $450,000 and can fund 30% of eligible costs associated with your projects.
Eligible Expenses:
- The funds can be used towards projects aimed at accelerating the commercialization of technological innovations in Saskatchewan's agricultural sector.
- Typical eligible expenses include project development costs, equipment purchases, and technology implementation.
Restrictions and Fees:
- The funds cannot be used for personal expenses, unrelated business activities, or projects that do not align with the agricultural innovation focus.
- No fees are associated with this grant, making it a straightforward funding option for your business.
This is an excellent opportunity to get financial support for your innovative projects without the burden of repayments or hidden costs.
Qualifications
- Location: Business must operate within Saskatchewan.
- Sector: Business must be in the agricultural sector.
- Company Revenue: No minimum or maximum revenue qualifications.
- Employees: No minimum or maximum number of employees required.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications:
- None specified.
Description
You can receive a non-repayable grant of up to $450,000. This grant covers 30% of eligible costs for projects designed to boost technological innovations in Saskatchewan's agricultural sector. This means you can get significant financial support to take your business to the next level without the worry of paying it back.
The funding is flexible and meant specifically for projects that will accelerate commercialization of new technologies. This can include everything from upgrading your equipment to implementing new software solutions. It’s a great way to give your business the boost it needs to innovate and grow.
With no limits on company revenue or employee counts, this program is designed to support a wide range of businesses in the agricultural sector. It's a fantastic opportunity to help you invest in your business and advance your projects with substantial financial assistance.
Program Steps
Identify Your Project
Determine which technological innovation project you want to pursue that qualifies for funding. This could be equipment upgrades or new software implementations.Prepare the Appropriate Documentation
Gather the necessary documents to support your application. You will need:- A detailed project proposal outlining your project goals and expected outcomes.
- A budget plan that breaks down the eligible costs for the project.
- Financial statements for the past two years to demonstrate stability.
- Proof of business registration and legal structure.
- Information about your team and their qualifications for the project.
Complete the Application Form
Fill out the application form accurately, providing all requested information regarding your business and project details.Review Your Application
Ensure all information is correct and that you have included all necessary documentation. This will help avoid delays in processing.Submit Your Application
Submit the application through the program's designated submission portal before the deadline.Await Confirmation
After submission, wait for confirmation from the program about the status of your application. You may be contacted for additional information if needed.Follow Up if Necessary
If you haven’t heard back within a reasonable time, don’t hesitate to follow up for an update on your application status.