Imagine having access to world-class expertise, facilities, and intellectual property to tackle your business challenges. This program offers you a partnership with a university, college, or health institution, providing the specialized skills and cutting-edge resources you need. Whether you're looking to solve complex problems, build proofs-of-concept, or improve your processes and performance, this collaboration can help you achieve your goals.

Why should you apply? Leverage top-tier resources to validate new ideas or enhance your current operations. Unlike traditional financing, this program doesn't set specific funding amounts or budgets. Instead, the real value lies in the access to specialized knowledge and state-of-the-art facilities. This opportunity is available across all sectors in Canada, making it a versatile option for any business looking to innovate and grow.

Being approved for this program means you'll have the tools and knowledge to overcome obstacles that may be holding your business back. It's designed to be accessible, so qualifying is straightforward. This partnership can be the key to unlocking new potential and driving your business forward.

Grant and Repayable Contribution: This program offers a combination of grants and repayable contributions. Grants do not need to be repaid, providing immediate financial relief without future financial obligations. Repayable contributions, on the other hand, are funds that need to be paid back under specific conditions set by the program.

Repayment Terms and Interest Rates: For the repayable contributions, the terms are quite favorable. There is a grace period of two years before any repayment starts, which gives your business time to leverage the funds effectively without immediate financial pressure. After this period, a low interest rate of 2% is applied, and the repayment schedule is flexible, extending up to five years depending on the project's scope and expected outcomes.

Eligible and Ineligible Expenses:

• Eligible Expenses: The funds can be used towards research and development, technology acquisition, hiring expert consultants, and project-related operational costs. This flexibility ensures that the financial support can be adapted to a wide range of innovative projects.
• Ineligible Expenses: The funds cannot be used for debt repayment, real estate purchases, or non-project related overhead costs. This ensures that all funds are directed towards growth and innovation.

Fees: There are no application or processing fees associated with this program, making it more accessible for businesses. The focus is on supporting your project's success without additional financial burdens.

• Place of Business: Must be located within the country.
• Type of Business: Must be a business looking to form a partnership with a university, college, or health institution.
• Business Goals: Should aim to solve complex problems, build proofs-of-concept, improve processes and performance, or validate ideas.
• Collaboration: Must be willing to collaborate with academic or health institutions.
• Expertise Utilization: Should be interested in accessing world-class expertise, facilities, and intellectual property (IP).

Disqualifications:

• Non-Collaborative: Businesses not willing to partner with academic or health institutions.
• Different Objectives: Businesses not focused on solving complex problems, building proofs-of-concept, improving processes and performance, or validating ideas.

Partner with a university, college, or health institution to access world-class expertise, facilities, and intellectual property. This program is designed to help your business solve complex problems, build proofs-of-concept, and improve processes and performance.

By joining, you can leverage top-tier resources to tackle challenges that may be holding your business back. Whether you need to validate a new idea or enhance your current operations, this partnership offers the tools and knowledge you need.

There are no specific funding amounts or budgets set, but the value lies in the access to specialized skills and cutting-edge facilities. This program is available across all sectors in Canada, making it a versatile opportunity for any business looking to innovate and grow.