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INNOV-R — CRIAQ

Up to $500,000
Type
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

The program offers a unique opportunity for your business to secure up to $500,000 each year for three years. This funding can cover 50% of your expenses related to research and development projects that aim to reduce greenhouse gas emissions. By collaborating with academic institutions or public research centers, you can advance your business while contributing to sustainability.

Applying for this program means you won’t have to pay back the funds, as they are grants, not loans. This financial support allows you to invest in whatever innovations your business needs, whether it’s new technology or practices that save costs and improve efficiency. Ultimately, being approved will enable you to grow your business, enhance your operations, and position yourself as a leader in environmental responsibility.

With no minimum or maximum revenue requirements and no employee restrictions, this program is designed for all sectors. The process is straightforward, and if you meet the criteria, qualifying should be a manageable task. Don’t miss the chance to leverage this funding to not only improve your bottom line but also to support a greener future.

Financing Details

Type of Financing
You will receive a grant of up to $500,000 per year for a three-year project. This grant can cover up to 50% of your eligible expenses when working alongside an academic institution or public research center on an R&D initiative aimed at reducing greenhouse gas emissions.

Repayment Terms and Eligible Expenses
There are no repayment terms since this is a grant. There are also no interest rates to worry about. Your eligible expenses include costs directly related to R&D activities, like personnel, materials, and equipment needed for your project.

Restrictions and Fees
The funds cannot be used for general business expenses, such as marketing or administrative costs. Additionally, there are no associated fees for applying or receiving this grant, making this funding truly accessible for your business.

Qualifications

  • Location: Available across Canada.
  • Collaboration: Must collaborate with at least one academic institution or public research center on an R&D project aimed at reducing GHG emissions.
  • Funding Amount: Eligible for grants of up to $500,000 per year for three years.
  • Employees: No minimum or maximum employees required.
  • Company Revenue: No minimum or maximum revenue qualifications.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications: None specified.

Description

This program offers grants of up to $500,000 per year for your business over a three-year period. It helps to support research and development projects that focus on reducing greenhouse gas emissions. To qualify, you need to collaborate with an academic institution or a public research center.

You can use this funding to cover up to 50% of eligible project expenses. This means that whether you’re investing in new technology or innovative practices, you can receive significant financial support to help make it happen.

There’s no payback period, as these are grants, not loans. This means you won’t have to worry about repaying the funds. It's a chance for you to enhance your business operations while contributing to a greener future.

Program Steps

  1. Identify Your Project
    Determine the research and development project you want to pursue that focuses on reducing greenhouse gas emissions. Ensure it aligns with the program’s goals.

  2. Find a Partner
    Collaborate with an academic institution or a public research center. Confirm their willingness to participate in your project.

  3. Prepare the Appropriate Documentation
    Gather the necessary documents needed for the application, including:

    • Business registration documents
    • Project proposal detailing objectives and expected outcomes
    • Partnership agreement with the academic or research institution
    • Budget breakdown outlining eligible expenses
    • Financial statements of your business
  4. Complete the Application Form
    Fill out the online application form available on the program's website, providing all required information.

  5. Submit Your Application
    Review your application and all attached documents to ensure completeness. Submit the application by the designated deadline.

  6. Follow Up
    Keep track of your application status and respond promptly to any requests for additional information from the program administrators.

Visit Program Website