This program offers a unique chance for your business to partner with renowned universities, colleges, or health institutions. By collaborating with these experts, you gain access to world-class knowledge, advanced facilities, and valuable intellectual property. This partnership can address specific challenges your business faces and lead to innovative solutions.

Applying to this program means you can enhance your processes and improve overall performance without the burden of direct funding terms or repayment obligations. It doesn't matter whether you're a small startup or an established business; this opportunity is designed to help you develop practical proofs-of-concept and stay competitive in your industry.

In essence, this program is an investment in your business's potential for growth and innovation. With no stringent requirements, you can tap into essential resources that may otherwise be out of reach. Don't miss out on the opportunity to elevate your business and solve problems creatively!

Type of Financing

The financing offered is primarily a Grant. This means you do not have to pay it back. It’s free money to support your business in forming partnerships with educational or health institutions.

Repayment Terms and Fees

There are no repayment terms or interest rates associated with this grant. You can use the funds without worrying about repayments. Additionally, there are no hidden fees linked to the program, making it straightforward and beneficial for your business.

Eligible and Ineligible Expenses

You can use the funds for a variety of expenses, including:

• Research and development costs
• Equipment and materials needed for your projects
• Workforce training and development associated with the partnership

However, the funds cannot be used for:

• General business operating expenses
• Costs unrelated to the partnership projects

We recommend reviewing your specific project needs to ensure you stay within the eligible expense guidelines.

• Location: Available in partnership with institutions likely within Canada.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum employee requirements.
• Company Revenue: No minimum or maximum revenue requirements.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications: None stated in the context.

Forming a partnership with a university, college, or health institution opens up a world of possibilities for your business. You will gain access to top-notch expertise, facilities, and intellectual property that can help address complex challenges you face. This collaboration can lead to innovative solutions, improved processes, and even proofs-of-concept that can drive your business forward.

This program is designed to support you in solving problems creatively and enhancing your business performance through research and development partnerships. By tapping into academic or health institution resources, you can obtain the tools and knowledge needed to tackle specific issues and optimize your operations, making your business more competitive.

There are no strings attached when it comes to funding, as it’s geared towards collaboration rather than direct financial assistance. Whether your business is big or small, this opportunity can help you enhance your capabilities and develop valuable solutions without worrying about minimum requirements or repayment terms.