Atlantic Fisheries Fund — Innovation
Highlights
The Atlantic Fisheries Fund is designed specifically for businesses like yours in the fish and seafood sector. This program offers a unique opportunity to access funding that can help you innovate, invest in new infrastructure, and form valuable science partnerships. By applying, you can enhance your business's ability to meet the growing global demand for high-quality, sustainable seafood products.
What You Get
- Funding for Innovation: Develop new products and technologies.
- Infrastructure Support: Make capital investments in new processes or technologies.
- Science Partnerships: Collaborate with industry, academia, and research institutions to improve knowledge.
Why Apply?
- Government-Backed Financing: Secure funding with the confidence that it is supported by the government.
- Flexible Use of Funds: Apply the funds to various aspects of your business, from innovation to infrastructure.
- Competitive Edge: Improve your market position by offering high-value, sustainable products.
Applying is straightforward, and the benefits can significantly boost your business's growth and sustainability. Don't miss this chance to elevate your operations and meet market demands more effectively.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment required. This is a non-repayable grant.
Eligible Expenses:
- Innovation projects, including development of new products and technologies.
- Infrastructure investments, such as capital investments in new products, processes, or technologies.
- Science partnerships, including collaborations between industry, academia, and research institutions.
Ineligible Expenses:
- Operational costs not related to the approved project.
- Marketing and advertising expenses.
- Routine maintenance and repair costs.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be located in Newfoundland and Labrador, Nova Scotia, New Brunswick, or Prince Edward Island.
Must be part of the fish and seafood sector.
Disqualifications:
- Businesses outside of Newfoundland and Labrador, Nova Scotia, New Brunswick, or Prince Edward Island.
Description
The Atlantic Fisheries Fund is a great opportunity for your business. It helps the fish and seafood sector in Newfoundland and Labrador, Nova Scotia, New Brunswick, and Prince Edward Island. The goal is to meet the growing global demand for seafood with high-quality, sustainable products.
You can receive funding for:
- Innovation: Develop new products and technologies.
- Infrastructure: Invest in new equipment, processes, or technologies.
- Science partnerships: Collaborate with industry, academia, and research institutions to improve knowledge.
Funding is available until all the money for the fiscal year is allocated. If you miss out this year, you can apply again next year. This program can help your business grow and stay competitive in the global market.
Program Steps
Prepare a Proposal: Develop a detailed proposal outlining your project. This should include the objectives, expected outcomes, and how it aligns with the goals of the Atlantic Fisheries Fund.
Gather Required Documentation: Prepare the necessary documents to support your application. These typically include:
- Business plan
- Financial statements
- Project budget
- Proof of business registration
- Any relevant permits or licenses
- Letters of support or partnership agreements
Complete the Application Form: Fill out the official application form provided by the Atlantic Fisheries Fund. Ensure all sections are completed accurately.
Submit Your Application: Send your completed application form and all supporting documents to the designated submission portal or address. Make sure to follow any specific instructions provided for submission.
Contact for Assistance: If you have any questions or need help during the application process, reach out to the contact provided by the Atlantic Fisheries Fund for support.
Wait for Evaluation: After submission, your application will be reviewed and evaluated. Be prepared to provide additional information if requested.
Receive Notification: You will be notified of the decision regarding your application. If approved, you will receive details on the next steps and any conditions of the funding.
