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Global Innovation Clusters

Type
PARTNERING AND COLLABORATION
GRANTS AND FUNDING
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed for businesses like yours to thrive. By joining one of Canada's five Global Innovation Clusters, you can collaborate with industry leaders, academic institutions, and non-profits to generate groundbreaking ideas. This collaboration can lead to new projects, innovative solutions, and a stronger presence in both national and global markets.

Why Apply?

  • Access to $750 million in funding over five years, with nearly $2 billion already invested.
  • Opportunities for investment in innovation and commercialization.
  • Support for skills and talent development.
  • Expansion of your business's national and global presence.

What's in it for You?

  • Co-investment opportunities with industry leaders.
  • Generation of new intellectual property (IP) assets.
  • Creation and sustainability of jobs within your business.
  • Accelerated adoption of AI technologies with dedicated funding.

Ease of Qualification

  • Multiple membership levels, including free options.
  • Simple application processes tailored to each cluster.

By being part of this program, your business can gain a competitive edge, access significant funding, and collaborate on projects that drive innovation and growth.

Financing Details

Type of Financing: Grant

Repayment Terms and Interest Rates:

  • This is a non-repayable grant. There are no repayment terms or interest rates associated with this funding.

Eligible Expenses:

  • Research and development activities
  • Commercialization of new technologies
  • Skills and talent development
  • Expansion of national and global presence
  • Collaboration and partnership projects

Ineligible Expenses:

  • General operating expenses
  • Debt servicing costs
  • Purchase of real estate
  • Any expenses not directly related to innovation and commercialization activities

Fees:

  • There are no application or processing fees associated with this grant program.

Qualifications

  • Must be a business from industry, academia, Indigenous groups, or non-profit organizations.
  • Must be interested in collaborating on shared projects and solving common challenges.
  • Must be willing to participate in the application process specific to each cluster.
  • May need to pay associated fees or choose a membership level, though free options are available.

  • Disqualifications:

    • None explicitly mentioned.

Description

This program offers your business a chance to access $750 million over five years. This funding is part of a larger investment by the Government of Canada, which has already put nearly $2 billion into the initiative.

What can you use the money for?

  • Innovation and commercialization: Grow your business by developing new products or services.
  • Skills and talent development: Train your team to stay ahead in your industry.
  • Expanding presence: Increase your reach both nationally and globally.
  • Collaboration: Work with other businesses, academic institutions, and non-profits to solve common challenges.

Why is this beneficial for your business?

  • Boost your competitive edge: By joining forces with others, you can generate bold new ideas and bring them to market.
  • Access to resources: The program supports the creation and protection of intellectual property, helping you secure your innovations.
  • Economic impact: The funding aims to create and sustain thousands of jobs, contributing to a stronger economy.

This is a unique opportunity to grow your business, innovate, and make a significant impact in your industry.

Program Steps

1. Choose Your Cluster: Select which of the five Global Innovation Clusters best aligns with your business goals. Each cluster has its own focus area, such as Digital Technology, Protein Industries, Advanced Manufacturing, Scale AI, or Ocean.

2. Visit the Cluster's Website: Go to the website of the chosen cluster to find specific information about their application process. Each cluster may have different requirements and steps.

3. Prepare Documentation: Gather the necessary documents to support your application. These typically include:

  • Business plan
  • Financial statements
  • Proof of business registration
  • Project proposal outlining how you plan to contribute to the cluster’s goals
  • Any additional documents specified by the cluster

4. Complete the Application Form: Fill out the application form provided on the cluster's website. Ensure all sections are completed accurately and thoroughly.

5. Pay Associated Fees: Some clusters may have membership fees or different levels of membership, including free options. Make sure to pay any required fees as part of your application.

6. Submit Your Application: Submit your completed application form along with the required documentation through the cluster’s online portal or as directed on their website.

7. Await Confirmation: After submission, wait for confirmation from the cluster. They may contact you for additional information or to schedule an interview.

8. Participate in an Interview (if required): Some clusters might require an interview or meeting to discuss your application in more detail. Be prepared to explain how your business will contribute to the cluster’s objectives.

9. Receive Approval: Once approved, you will receive a formal notification. This will include details about your membership, any next steps, and how to get involved in cluster activities.

10. Engage with the Cluster: Start participating in cluster activities, networking events, and collaborative projects. Leverage the resources and support available to grow your business and contribute to the innovation ecosystem.

Visit Program Website