Collaborate 2 Commercialize
Highlights
This program is designed for businesses like yours to collaborate with academic institutions and solve industry-based problems. By participating, you can leverage the unique skills and specialized infrastructure of Ontario's colleges, universities, and research hospitals. This collaboration can help streamline your internal innovations and meet your commercialization needs.
Why should you apply?
- Access to specialized resources: Utilize the unique skills and resources of post-secondary institutions.
- Targeted training: Benefit from targeted training for your team, enhancing their skills and productivity.
- Commercially viable solutions: Work directly with industry experts to develop solutions that are ready for the market.
What’s in it for you?
- Funding support: Receive financial assistance to support your project.
- Enhanced innovation: Accelerate the commercialization of your intellectual property.
- Easy qualification: The program is designed to be accessible, ensuring that qualifying businesses can easily apply and benefit.
By being approved, your business will gain a competitive edge, improve its innovation capabilities, and drive growth through effective commercialization strategies.
Financing Details
Type of Financing:
Grant
Eligible Expenses:
- Salaries and benefits for project personnel
- Equipment and materials directly related to the project
- Travel expenses for project-related activities
- Consulting fees for specialized expertise
- Overhead costs directly associated with the project
Use of Funds:
- Funds can be used for research and development activities
- Commercialization of Intellectual Property (IP)
- Training and development of project personnel
Restrictions on Use of Funds:
- Funds cannot be used for general operational expenses
- Funds cannot be used for activities not directly related to the project
- Funds cannot be used for capital expenditures unrelated to the project
Fees:
- No application fees
- No administrative fees
Qualifications
- Must be a for-profit company.
- Must be incorporated in Ontario for a minimum of two years.
- Must have five full-time equivalent (FTE) employees in Ontario.
- Must have operations and/or R&D in Ontario.
Must have the capacity to commercialize the results of the project.
Disqualifications:
- Businesses not incorporated in Ontario.
- Businesses incorporated in Ontario for less than two years.
- Businesses with fewer than five full-time equivalent (FTE) employees in Ontario.
- Businesses without operations and/or R&D in Ontario.
- Businesses without the capacity to commercialize the results of the project.
Description
This program helps your business work with universities and research institutions to solve industry problems and bring new ideas to market. You can receive funding to support collaboration with academic experts who have the skills and equipment needed for your project.
The funding can be used for:
- Developing new products or services
- Improving existing technologies
- Training your staff with specialized knowledge
There are no payback conditions for the funding, making it a risk-free opportunity for your business. This program focuses on creating commercially viable solutions, ensuring that your investment leads to tangible results.
By participating, your business will gain access to cutting-edge research and innovation, helping you stay competitive and grow.
Program Steps
Express Interest:
- Visit the program's website and fill out the Interest Form to express your interest and see if this program is right for your business.
Contact a Program Lead:
- Reach out to the Program Manager or Business Development and Commercialization Manager for guidance and to discuss your project details.
Prepare Documentation:
- Gather the necessary documents to support your application. These include:
- Business Plan
- Financial Statements
- Detailed Project Proposal
- Proof of Incorporation in Ontario
- Proof of having at least five full-time equivalent employees in Ontario
- Any additional documents specified in the Program Guidelines
- Gather the necessary documents to support your application. These include:
Review Program Guidelines:
- Download and thoroughly review the Program Guidelines to understand the full details and requirements of the program.
Complete Online Application:
- Access the online application system through the program's website.
- Fill out the application form with accurate and detailed information about your business and project.
Submit Application:
- Submit your completed application along with all required documentation through the online system.
Follow Up:
- After submission, stay in contact with the program leads to track the status of your application and provide any additional information if requested.
Review and Approval:
- The program team will review your application to ensure it meets all criteria.
- Be prepared for potential discussions or requests for further details.
Agreement and Funding:
- If approved, you will receive a funding agreement outlining the terms and conditions.
- Review, sign, and return the agreement to receive the funding and begin your project.
