This program is a great opportunity for your business to collaborate with Defence Research and Development Canada (DRDC). By participating, you can access cutting-edge research and technology solutions that can enhance your business operations and innovation capabilities.

What You Get

• Collaborative Research Opportunities: Work with DRDC’s specialized facilities and experts.
• Funding Programs: Access to grants and funding through initiatives like the Innovation for Defence Excellence and Security (IDEaS) program.
• Technology Transfer: Leverage DRDC-developed technologies through licensing and other mechanisms.

Benefits for Your Business

• Enhanced Innovation: Propel your solutions forward with support from DRDC’s innovation ecosystem.
• Networking: Build valuable connections with industry, academia, and government partners.
• Economic Development: Strengthen your business’s role in Canada’s defence and security industry.

Qualifying for this program is straightforward, and the potential benefits to your business are substantial. Take advantage of this unique opportunity to collaborate with a leading research organization and drive your business forward.

Type of Financing: Grant

Eligible Expenses:

• Research and development activities
• Prototype testing
• Equipment purchases
• Personnel costs directly related to the project
• Travel expenses for project-related activities

Ineligible Expenses:

• General operational costs not directly tied to the project
• Marketing and advertising expenses
• Costs incurred before the grant approval date
• Debt servicing or repayment

Fees:

• No application fees
• No administrative fees

This grant provides funding for specific project-related expenses, ensuring your business can focus on innovation and development without the burden of repayment or additional fees.

This program offers your business a chance to receive up to $1,000,000 in funding. You can use this money to buy equipment, improve your rented space, or cover other essential costs.

Here’s how you can use the funds:

• Up to $500,000 for equipment or renovations, such as:

  • Commercial kitchen appliances
  • Manufacturing machinery
  • Computers and IT infrastructure
  • Retail space renovations

• Up to $150,000 for operational costs like software or other necessary expenses to keep your business running smoothly.

The federal government guarantees 85% of the loan, providing a significant safety net for your business.

Flexible repayment options are available. You can choose a variable interest rate, a fixed rate, or a combination of both. You have up to 15 years to repay the loan, regardless of what you spend it on. This flexibility ensures that you can manage your finances in a way that best suits your business needs.