This program is designed for innovative businesses like yours. It offers a unique opportunity to develop and market new products and services. By participating, you can access significant funding to support large-scale projects that include research and development (R&D) elements with strong commercialization potential.

Key Benefits:

• Substantial Financial Support: Access funding to create and market new products and services.
• Technology Adaptation: Utilize new technology to meet business needs or respond to market opportunities.
• Competitive Edge: Stay competitive and grow in both new and traditional sectors.

Why Apply?

• Government-Backed Financing: This funding is more reliable and flexible compared to other financing options.
• Growth Potential: Being approved can help you seize opportunities, overcome challenges, and expand your business.
• Easy Application Process: The steps to apply are straightforward, ensuring you can focus on your project.

Take advantage of this opportunity to innovate and grow your business with the support of the Atlantic Innovation Fund.

Type of Financing: Non-repayable contribution.

Repayment Terms and Interest Rates: No repayment required as it is a non-repayable contribution.

Eligible Expenses: Expenses related to developing a new technology-based product, process, or service with strong potential for commercialization are eligible.

Ineligible Expenses: Funds cannot be used for general operating expenses or personal expenses.

Fees: No fees associated with the non-repayable contribution.

This program offers your business a non-repayable contribution to help you develop a new technology-based product, process, or service. This means you receive funding without the need to pay it back, giving you a financial boost without added debt.

You can use this money to create and market innovative products and services that meet global quality standards. It can also help you adapt new technology to meet your business needs or respond to market opportunities. This support can be crucial for staying competitive and growing your business.

The funding is designed for large-scale projects that include research and development with a strong potential for commercialization. This means your project should aim to bring new products or services to the market, helping you tap into new revenue streams and expand your business reach.

To apply for the program, follow these steps:

1. Complete the Project Concept Template:

• Fill out the Project Concept Template.
• Submit it to the nearest ACOA office.
• Wait for ACOA to confirm receipt and discuss your project.

2. Prepare Necessary Documentation:

• Business Plan
• Financial Statements
• Project Proposal
• Proof of Eligibility (e.g., business registration documents)
• Any additional documents requested by ACOA

3. Discuss Your Project with ACOA:

• Engage in a discussion with ACOA representatives about your project.
• Address any questions or additional requirements they may have.

4. Complete the Application for Financial Assistance:

• Once your project discussion is complete, fill out the Application for Financial Assistance.
• Ensure all required information and documentation are included.

5. Submit the Application:

• Submit the completed application and all supporting documents to ACOA.

6. Await Review and Approval:

• ACOA will review your application.
• They may contact you for further information or clarification.
• Upon approval, you will be informed of the next steps.

7. Finalize Agreement and Receive Funding:

• Discuss and finalize the terms of the funding agreement with ACOA.
• Once agreed, the funds will be disbursed to support your project.