This program is tailored specifically for businesses like yours, offering up to $350,000 in funding for your product or process innovation projects involving AI. By covering 30% of your eligible expenses, it allows you to focus your resources on innovation without straining your budget. This support spans from the planning stage right through to real-life demonstration, giving you the financial boost you need to bring your visions to life.

One of the standout features of this program is that it’s a grant, meaning there are no payback requirements. That’s right—funding that helps your business grow without the traditional pressures of repayment. This means you can channel your energy into creating new solutions or improving existing processes, while knowing that the funding is there to back you up. Don't miss the chance to elevate your business in a competitive landscape with this exceptional opportunity.

Type of Financing
This program offers grants to eligible businesses. You can receive up to $350,000 to cover 30% of eligible expenses related to product or process innovations involving artificial intelligence.

Repayment Terms
Good news—grants typically do not require repayment, which means you won’t have to worry about paying it back. No interest rates apply here, allowing you to focus solely on leveraging the funds for your innovation without financial strain.

Eligible Expenses
You can use the funds for various eligible expenses, including:

• Research and development costs
• Technological services and software development
• Equipment purchase or leasing for the project
• Initial testing and real-life demonstrations

Ineligible Expenses
However, there are some limitations. Funds cannot be used for:

• Operating costs outside of the project
• General administrative expenses
• Marketing and advertising

Fees
Finally, there are generally no fees associated with applying for this funding, simplifying the process even further for you.

• Must be involved in a product or process innovation project that includes AI.
• Can receive up to $350,000 in funding.
• Funding covers up to 30% of eligible expenses.
• Available to businesses across the country.
• Open to all sectors.
• No minimum number of employees required.
• No maximum number of employees required.
• No minimum revenue qualifications.
• No maximum revenue qualifications.
• All legal structures are applicable.
• All profit structures are applicable.

Disqualifications:

• None specified in the context.

You can access up to $350,000 in funding for your product or process innovation projects that involve AI. This program covers 30% of eligible expenses, which means you can invest more into developing innovative solutions without stretching your budget too thin.

This funding is designed to support you from the planning stage all the way to real-life demonstration. Whether you're looking to create a new product or enhance an existing process, this financial support can make a significant difference in bringing your ideas to life.

There are no payback requirements for this funding as it is a grant, allowing you to focus on growth and innovation without the pressure of repayment. If you're ready to innovate, this program is a great opportunity to help fund your next big project.