INNOV-R — CRITM
Highlights
This program is designed for businesses like yours in the metal transformation sector. It offers substantial financial support for research and innovation projects. By applying, you can access up to $1,500,000 in funding over three years, with up to 80% of the project costs covered by public funding. This can significantly reduce your financial burden and allow you to focus on advancing your projects.
Key Benefits:
- Generous Funding: Receive between $25,000 to $500,000 per year per project.
- Flexible Use: Funds can be used for process development, advanced product design, environmental footprint reduction, and energy efficiency improvements.
- Collaborative Opportunities: Engage in joint projects with other enterprises and public research organizations, both locally and internationally.
Applying for this program is straightforward, and with CRITM's support, you will be guided through the application process to ensure you receive the funds you need. This is a unique opportunity to enhance your business's capabilities and drive innovation with substantial financial backing.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment required. This is a non-repayable grant.
Eligible Expenses:
- Research and development costs.
- Salaries for project staff.
- Equipment and materials directly related to the project.
- Travel expenses for project-related activities.
- Consulting fees for project-specific expertise.
Ineligible Expenses:
- General operating expenses not directly related to the project.
- Marketing and advertising costs.
- Office supplies and administrative expenses.
- Costs incurred before the approval of the grant.
Fees:
- No application or processing fees associated with this grant program.
Qualifications
- Must be involved in the metal transformation sector.
- Must be engaged in first, second, or third metal transformations.
- Must involve at least one enterprise for PSO TRL 4-6 and PSO TRL 1-9 International programs.
- Must involve at least two enterprises for PSO TRL 1-3 program.
- Must be a collaborative project involving enterprises and public research organizations for PSO program.
Must be a collaborative international research project involving universities, colleges, institutions, and industries for PSO-international program.
Disqualifications:
- Businesses not involved in the metal transformation sector.
- Projects not involving the required number of enterprises for each specific program.
- Projects not involving public research organizations for PSO program.
- Projects not involving international collaboration for PSO-international program.
Description
This program offers your business subsidies ranging from $25,000 to $500,000 per year for your metal transformation research projects. Over three years, you can receive up to $1,500,000. This funding can cover up to 80% of eligible expenses.
You can use the funds for:
- Developing new transformation processes
- Designing advanced metal products
- Reducing environmental impact
- Improving energy efficiency
The program supports both local and international projects. For international projects, you can receive up to 50% of eligible expenses, with a maximum of $500,000 over three years.
This is a great opportunity to boost your research and innovation efforts without bearing the full financial burden. The funding helps you collaborate with other enterprises and public research organizations, enhancing your business's capabilities and market competitiveness.
Program Steps
Gather Required Documentation:
- Business Plan
- Financial Statements (last two years)
- Project Proposal
- Quotes for Equipment or Services
- Proof of Business Registration
- Identification Documents (e.g., business owner’s ID)
Complete the Application Form:
- Fill out all sections of the application form accurately.
- Ensure all required fields are completed.
Prepare a Detailed Project Proposal:
- Outline the project objectives.
- Describe the expected outcomes.
- Include a timeline for project completion.
- Provide a budget breakdown.
Submit the Application:
- Submit the completed application form and all required documentation.
- Ensure the submission is done before the deadline.
Follow Up:
- Confirm receipt of your application.
- Monitor any communications for additional information requests.
Review and Respond to Feedback:
- Address any feedback or requests for additional information promptly.
- Make necessary adjustments to your application if required.
Await Approval:
- Wait for the approval decision.
- Prepare for any potential interviews or site visits.
Receive Funding:
- Upon approval, review the funding agreement.
- Sign and return the agreement to receive the funds.
Implement the Project:
- Begin the project as outlined in your proposal.
- Keep detailed records of all expenses and progress.
Submit Progress Reports:
- Provide regular updates on project milestones.
- Submit financial reports as required by the program.