Mount Saint Vincent University
Highlights
Partnering with a university, college, or health institution can be a game-changer for your business. You gain access to world-class expertise, facilities, and intellectual property. This can help you solve complex problems, build proofs-of-concept, and improve your processes and performance.
There’s no funding cap, so the potential for growth and innovation is vast. Whether you need to refine a product, streamline operations, or tackle a challenging issue, this partnership provides the resources and knowledge to make it happen.
This program is available nationwide and open to all sectors. No minimum or maximum employee count or revenue is required, making it accessible to businesses of all sizes. This is a unique opportunity to leverage top-tier academic and health institution resources to elevate your business.
Financing Details
Grant: The program offers non-repayable grants, meaning you won't have to pay back the funds provided.
Repayment Terms and Interest Rates: Since this is a grant, there are no repayment terms or interest rates applicable. This financial support is designed to be a direct boost to your business without the burden of future financial liabilities.
Eligible Expenses: The grant can be used for a variety of expenses directly related to your project, including:
- Research and development costs
- Salaries for new or existing staff involved in the project
- Purchase of equipment and materials necessary for the project
- Expenses related to intellectual property and obtaining patents
Restrictions on Use of Funds: The funds cannot be used for:
- Debt repayment
- Non-project related expenses
- Purchase of land or buildings
Fees: There are no application or processing fees associated with this grant. This ensures that all the funds granted can be fully utilized towards the growth and development of your project.
Qualifications
- Business must be located in Canada.
- Business must form a partnership with a university, college, or health institution.
- Business must aim to solve complex problems, build proofs-of-concept, or improve processes and performance through the partnership.
Disqualifications:
- Business not located in Canada.
- Business not partnering with a university, college, or health institution.
Description
Partnering with a university, college, or health institution can be a game-changer for your business. You gain access to world-class expertise, facilities, and intellectual property. This can help you solve complex problems, build proofs-of-concept, and improve your processes and performance.
There’s no funding cap, so the potential for growth and innovation is vast. Whether you need to refine a product, streamline operations, or tackle a challenging issue, this partnership provides the resources and knowledge to make it happen.
This program is available nationwide and open to all sectors. No minimum or maximum employee count or revenue is required, making it accessible to businesses of all sizes. This is a unique opportunity to leverage top-tier academic and health institution resources to elevate your business.
Program Steps
Identify Your Goals
Determine what you want to achieve through this partnership. Are you looking to refine a product, streamline operations, or solve a specific problem?Select a Partner
Choose a university, college, or health institution that aligns with your business needs and goals.Prepare Documentation
Gather the necessary documents for your application, including:- Business registration details
- Financial statements (last two years)
- A brief description of your business and its operations
- A project proposal outlining your goals and how the partnership will help achieve them
Complete the Application
Fill out the application form provided by the program. Ensure all sections are completed accurately.Submit Your Application
Send your completed application and documentation to the designated contact point. Make sure to keep a copy for your records.Follow Up
After submission, reach out to confirm that your application has been received and inquire about the next steps.Prepare for Collaboration
Once accepted, be ready to engage with your partner institution. Set up meetings to discuss your project and establish a timeline for collaboration.