Centennial College
Highlights
This program offers you unmatched access to world-class expertise and cutting-edge facilities. By partnering with a college, university, or health institution, you can tackle complex challenges that may be hindering your business's growth. You're not just gaining knowledge; you're utilizing innovative ideas and proven solutions to build proofs-of-concept that can significantly enhance your product or service offerings.
With no funding limit or payback period, you can focus entirely on improvements without the usual financial burden. This collaboration is designed to benefit businesses of all sizes and structures, making it a perfect fit for your entrepreneurial journey. Your business will not only grow through enhanced capabilities but also benefit from invaluable resources and knowledge available through this partnership. Take the leap and unlock new possibilities for your business!
Financing Details
The financing provided through this program is primarily in the form of grants. These grants do not need to be repaid, which makes them a great option for business owners looking to innovate without the burden of debt.
Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates involved. This means you can focus on utilizing the funds to grow your business without worrying about future payments.
Eligible Expenses
The funds can be used for a variety of eligible expenses, including:
- Developing prototypes or proofs-of-concept
- Improving business processes and performance
- Hiring specialized expertise from partnered institutions
Ineligible Expenses and Fees
It's essential to note what the funds cannot be used for:
- Day-to-day operational costs
- Purchase of equipment not related to the partnership
- Marketing campaigns
There are typically no fees associated with applying for or receiving these funds, ensuring that you can allocate every dollar to your business needs.
Qualifications
- Location: The program is available at Centennial College.
- Sectors: Open to all sectors.
- Minimum Employees: No minimum employees required.
- Maximum Employees: No maximum employees required.
- Minimum Company Revenue: No minimum revenue qualifications.
- Maximum Company Revenue: No maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications: None specified.
Description
You can gain access to top-notch expertise and state-of-the-art facilities by partnering with a college, university, or health institution. This program provides you the chance to tackle complex issues and improve your processes by leveraging innovative ideas and proven solutions from academic professionals.
By forming this partnership, you can build proofs-of-concept, enhancing your product or service offerings. This opportunity allows you to solve real problems that may be holding your business back while taking advantage of valuable resources and knowledge.
There's no funding limit and no payback period involved, enabling you to focus on making improvements without financial stress. Your business can benefit regardless of its size or structure, making this a great fit for any entrepreneur looking to grow and thrive.
Program Steps
Identify a Partner Institution
Reach out to local colleges, universities, or health institutions that align with your business goals.Discuss Your Needs
Set up a meeting to discuss the specific challenges your business is facing and how their expertise can help.Prepare Documentation
Gather the necessary documents to support your application. You will typically need:- Business registration documents
- Financial statements (last two years)
- A business plan that outlines your goals and challenges
- A description of the project or problem you want to address
- Letters of support from stakeholders if available
Create a Project Proposal
Draft a clear proposal that outlines your project, the partnership, and expected outcomes.Submit Your Application
Send your proposal and documentation to the chosen institution. Follow any specific submission guidelines provided.Follow Up
After submission, follow up to check on the status of your application and to express your enthusiasm for the partnership.Negotiate Terms
Once accepted, discuss and agree upon the terms of partnership, including timelines and resource allocation.Start the Collaboration
Begin working together to implement solutions and improve your business processes. Keep communication open for ongoing adjustments and feedback.