CRC Office of Business Development
Highlights
This program is a fantastic opportunity for your business. It offers up to $1,000,000 in financing to help you make significant purchases. Additionally, you can receive $150,000 specifically for software or day-to-day operating costs.
What You Get
- Up to $1,000,000 in financing
- An additional $150,000 for software or operating costs
The funds can be used for:
- Operating expenses
- Restorations
- New equipment
- Software
- And much more
The key difference between this loan and others is that it is backed by the government. You have the flexibility to choose how you pay it back, with up to 15 years to do so. This makes it a more secure and manageable option for your business.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- This is a grant, so there is no need for repayment.
- No interest rates apply.
Eligible Expenses:
- Research and development costs.
- Equipment and materials directly related to the project.
- Salaries and wages for staff working on the project.
- Travel expenses necessary for project completion.
- Costs associated with testing and prototyping.
Ineligible Expenses:
- General operational costs not directly related to the project.
- Marketing and advertising expenses.
- Office supplies and administrative costs.
- Any expenses incurred before the grant approval date.
Fees:
- There are no application or processing fees associated with this grant.
Qualifications
- Must be a business involved in wireless communications.
- Must be interested in research and development (R&D) collaborations.
- Must have expertise in 5G, either in networking or applications development.
- Must be willing to collaborate with the Communications Research Centre (CRC) on projects related to spectrum and next-generation wireless networks.
- Must be open to accessing and utilizing CRC's intellectual property portfolio, including patents and licensable software.
Must be interested in using the CRC-City of Ottawa 5G test site for research purposes.
Disqualifications:
- Businesses not involved in wireless communications.
- Businesses not interested in R&D collaborations.
- Businesses without expertise in 5G networking or applications development.
- Businesses unwilling to collaborate with CRC on spectrum and next-generation wireless network projects.
- Businesses not interested in accessing CRC's intellectual property portfolio.
- Businesses not interested in using the CRC-City of Ottawa 5G test site.
Description
This program offers a unique opportunity for your business to collaborate with the Communications Research Centre (CRC). By partnering with CRC, you can access world-class research facilities and internationally recognized scientists. This collaboration can help you develop cutting-edge solutions in wireless technology and spectrum management.
Benefits for your business include:
- Access to advanced research facilities for spectrum and next-generation wireless networks.
- Collaboration with top scientists to enhance your projects and innovations.
- Utilization of CRC’s intellectual property portfolio, including patents and software, to speed up product development.
This program is designed to support your business in solving critical wireless communication issues and staying ahead of emerging trends. By working with CRC, you can ensure your business remains competitive and innovative in the rapidly evolving tech landscape.
Program Steps
Gather Necessary Documentation:
- Business Plan
- Financial Statements (last two years)
- Proof of Business Registration
- Tax Returns (last two years)
- Identification Documents (e.g., passport, driver's license)
- Any relevant licenses or permits
Complete the Application Form:
- Obtain the application form from the program's website or office.
- Fill out all required sections accurately.
Prepare a Detailed Project Proposal:
- Outline the objectives of your project.
- Describe the expected outcomes and benefits.
- Include a timeline and budget for the project.
Submit the Application:
- Attach all required documentation and the completed application form.
- Submit the application through the designated submission portal or by mail, as specified by the program guidelines.
Follow Up:
- Contact the program office to confirm receipt of your application.
- Be prepared to provide additional information or clarification if requested.
Wait for Review and Approval:
- The program administrators will review your application.
- You may be contacted for further information or an interview.
Receive Notification:
- You will be notified of the decision.
- If approved, follow the instructions provided for the next steps.
Implement the Project:
- Begin your project as outlined in your proposal.
- Keep records of all expenses and progress.
Submit Progress Reports:
- Provide regular updates to the program administrators as required.
- Include financial reports and project milestones.
Complete Final Reporting:
- Submit a final report upon project completion.
- Include a summary of outcomes, financial statements, and any other required documentation.
