This program is a fantastic opportunity for businesses like yours. By partnering with local universities and colleges, you gain access to world-class expertise and cutting-edge facilities. This collaboration can help you tackle complex challenges, refine processes, and transform your innovative ideas into solid proofs-of-concept. You not only enhance your project’s success but also increase your operational efficiency.

What's even better? There’s no repayment pressure involved. This program encourages growth and innovation without the weight of financial strain. Whether you’re looking to validate your concepts or improve your performance, this support can be a game-changer for your business. With no revenue limits or employee counts to worry about, it’s truly an inclusive opportunity that can propel your business forward.

Applying is straightforward and accessible for businesses of all sizes and sectors. Don't miss out on the chance to harness these resources for your growth. Let's make your ideas a reality together!

The financing provided through this program is primarily in the form of grants. This means you can access funds without the worry of repayment, allowing you to focus on your business growth rather than debt.

Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates involved. Funded projects can proceed without the pressure of paying back what you receive.

Eligible and Ineligible Expenses
You can use these funds for a variety of eligible expenses, such as:

• Project development and proof-of-concept costs
• Research and development activities
• Purchasing materials or resources needed for your project

However, funds cannot be used towards:

• General operational costs
• Marketing expenses
• Equipment purchases not related to the project

Fees
There are no fees associated with the program. You receive the full amount of the grant without any deductions for application or management.

• Location: Must be based in Newfoundland and Labrador.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum number of employees required.
• Revenue: No minimum or maximum revenue requirements.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• None specified in the context.

Partnering with local universities and colleges can bring world-class expertise and resources right to your business. This program allows you to collaborate with academic institutions to tackle complex challenges, refine your processes, and develop proofs-of-concept that can take your ideas to the next level. You gain access to cutting-edge facilities and intellectual property, which can enhance your project’s success.

You don't have to worry about revenue limits or employee counts here; this opportunity is designed for businesses of all sizes and across all sectors. Whether you’re looking to validate your concepts or enhance your operational efficiency, this partnership can provide the support and guidance needed to propel your business forward.

The best part? There’s no repayment pressure involved. This program is about collaboration and growth. It opens doors for innovative solutions without the typical financial constraints that can hold you back. So, get ready to explore how this partnership can help your business thrive.