CICE 2023 Directed Call for Innovation — Measurement, Monitoring and Verification (MMV) of Carbon Management
Highlights
This program is designed for businesses like yours that are advancing clean energy technologies. By applying, you can access non-dilutive funding to help commercialize and scale your innovations globally. This means you won't have to give up equity in your company to receive financial support.
Why Apply?
- Significant Funding: Receive substantial financial support to bring your clean energy solutions to market.
- Global Reach: Enhance your ability to compete and thrive in global clean energy markets.
- Networking Opportunities: Connect with other industry leaders and potential commercial partners.
Benefits
- Non-Dilutive Funding: Keep full ownership of your business while receiving financial support.
- Support for Innovation: Funds can be used for various needs, including research, development, and commercialization.
- Ease of Qualification: The program is designed to support businesses like yours, making it easier to qualify.
Being approved for this program can provide the financial boost and industry connections needed to take your clean energy innovations to the next level.
Financing Details
Type of Financing: Non-Dilutive Grant
Repayment Terms:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Research and development costs.
- Prototyping and testing.
- Equipment purchases directly related to the project.
- Salaries and wages for project-specific staff.
- Marketing and commercialization efforts.
Ineligible Expenses:
- General operational costs not related to the project.
- Debt repayment.
- Real estate purchases.
- Entertainment expenses.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be a company based in British Columbia.
- Must be working on technologies that advance clean energy towards a net-zero future.
Must have a solution that helps British Columbia compete in global clean energy markets.
Disqualifications:
- Businesses not based in British Columbia.
- Businesses not focused on clean energy technologies.
- Businesses without a solution aimed at global clean energy market competitiveness.
Description
This program offers your business funding to help you develop and scale clean energy technologies. You can receive non-dilutive funding, which means you won't have to give up any ownership in your company. This funding can be used to bring your innovative solutions to market and help British Columbia thrive in the global clean energy sector.
You can use the money for:
- Commercializing new technologies
- Expanding your business operations
- Meeting specific sector demands and technology gaps
The program focuses on projects that advance clean energy towards a net-zero future. By participating, your business can gain access to significant commercial relationships and collaboration opportunities. This can help you grow and gain visibility in the industry.
There is no payback period for this funding, making it a valuable opportunity to invest in your business without the burden of repayment. This support can be a game-changer, allowing you to focus on innovation and growth.
Program Steps
Gather Necessary Documentation: Prepare the following documents for your application:
- Business plan
- Financial statements (past three years)
- Project proposal
- Proof of business registration
- Tax returns (past three years)
- Any relevant permits or licenses
Complete the Application Form: Fill out the application form provided on the program's website. Ensure all sections are completed accurately.
Submit the Application: Submit your completed application form along with the required documentation through the program's online portal or via mail to the provided address.
Review and Follow-Up: After submission, monitor your email and phone for any follow-up requests or additional information needed by the program administrators.
Attend an Interview (if required): Be prepared to attend an interview or meeting with the program's review committee to discuss your project and its potential impact.
Await Decision: Wait for the program administrators to review your application and make a decision. This process may take several weeks.
Receive Funding: If approved, you will receive the funding as outlined in the program's terms. Ensure you understand the disbursement schedule and any reporting requirements.
Implement Your Project: Use the funds to implement your clean energy project as detailed in your proposal. Keep records of all expenditures and progress.
Report Progress: Regularly report on your project's progress and financial status as required by the program. This may include submitting periodic reports and financial statements.
Complete Final Reporting: Upon project completion, submit a final report detailing the outcomes, impacts, and financial summary of the project.
