Atlantic Fisheries Fund — Science Partnerships
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 enhance your operations and meet the growing global demand for high-quality, sustainable seafood products.
Why Apply?
- Innovation Support: Access funding to develop new products and technologies.
- Infrastructure Investment: Receive capital to invest in new processes or technologies.
- Science Partnerships: Collaborate with academia and research institutions to improve industry knowledge.
What’s in it for You?
- Government-Backed Financing: Secure funding with the confidence that it is supported by the government.
- Flexible Use of Funds: Utilize the funds for a variety of purposes, from operational improvements to technological advancements.
- Annual Funding Availability: Apply each fiscal year until all available funding is allocated.
By participating in this program, you can significantly boost your business’s capabilities and competitiveness. The application process is straightforward, ensuring that you can easily qualify and start benefiting from the support offered.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Innovation projects, including new products and technologies.
- Infrastructure investments, such as capital investments in new products, processes, or technologies.
- Science partnerships between industry, academia, and research institutions.
Use of Funds:
- Funds cannot be used for operational costs unrelated to the specified eligible expenses.
- Funds cannot be used for debt repayment or refinancing existing loans.
Fees:
- No fees associated with applying for or receiving the grant.
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.
Must be involved in activities related to:
- Innovation for new products and technologies.
- Infrastructure for capital investments in new products, processes, or technologies.
- Science partnerships with industry, academia, or research institutions.
Disqualifications:
- Businesses outside Newfoundland and Labrador, Nova Scotia, New Brunswick, or Prince Edward Island.
- Businesses not part of the fish and seafood sector.
Description
The Atlantic Fisheries Fund is designed to help your business in the fish and seafood sector grow and meet global demand. You can receive funding to innovate, invest in infrastructure, and form science partnerships.
Here’s what the fund can do for you:
- Innovation: Get support to develop new products and technologies.
- Infrastructure: Access capital to invest in new processes or technologies.
- Science Partnerships: Collaborate with industry, academia, and research institutions to enhance your knowledge.
Funding is available until the yearly budget is allocated, with new funds available each fiscal year. This program is a great opportunity to boost your business and bring high-quality, sustainable products to market.
Program Steps
Prepare Your Proposal: Draft a detailed proposal outlining your project. Include objectives, expected outcomes, and how it aligns with the fund's goals.
Gather Required Documentation: Collect the necessary documents to support your application. This includes:
- Business plan
- Financial statements
- Project budget
- Proof of eligibility (e.g., business registration, licenses)
- Letters of support or partnership agreements (if applicable)
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: Submit your completed application form and all supporting documents to the designated submission portal or address. Ensure you meet any deadlines.
Follow Up: After submission, monitor your email and other communication channels for any follow-up requests or additional information needed by the review committee.
Evaluation: Your application will be reviewed based on the fund's criteria. Be prepared to provide further details or clarification if requested.
Await Decision: Once the evaluation is complete, you will be notified of the decision. If approved, you will receive instructions on the next steps to access the funding.