New Frontiers in Research Fund — Exploration Stream
Highlights
This program is a fantastic opportunity for your business to explore high-risk, high-reward research projects that could lead to groundbreaking innovations. By applying, you can tap into funding resources that support collaboration across various disciplines such as health, social sciences, and engineering. This means you can bring together diverse expertise to create solutions that really push the envelope.
The funds you receive can be used for a range of purposes, including research costs and partnerships with industry experts. Best of all, there is no payback period, allowing you to focus entirely on your projects without the worry of financial returns looming over your head. Being part of this program not only fosters creativity within your business but also positions you for potential breakthroughs that can drive your success.
If you're looking to elevate the impact of your work, this program offers an incredible avenue to do just that. The application process is designed to be straightforward, making it easy for your business to qualify and get started on the path to innovation.
Financing Details
Type of Financing
The financing offered is primarily in the form of grants. These are funds that do not need to be repaid, allowing you to focus on your innovative projects without the burden of debt.
Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates involved. You receive the funds upfront, which means you won’t owe anything back later.
Eligible Expenses
You can use these funds for a variety of expenses including:
- Research materials and supplies
- Project-related travel
- Personnel costs for researchers and support staff
- Other direct costs associated with your innovative projects
Ineligible Expenses
Funds cannot be used for:
- General operating expenses unrelated to the project
- Purchase of land or buildings
- Indirect costs like overheads
Fees
There are no fees associated with applying for or receiving these funds. It's a straightforward process, allowing you to focus on making impactful contributions to your field.
Qualifications
- Location of Business: Available across the country.
- Sectors: All sectors can apply.
- Employees: No minimum or maximum number of 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 mentioned.
Description
The program supports high-risk, high-reward research that pushes boundaries and explores new fields. With this funding, your business can engage in innovative projects that combine different disciplines to create groundbreaking solutions. Whether in social sciences, humanities, health, natural sciences, or engineering, you’ll have the chance to bring fresh ideas to life.
While specific funding amounts can vary, this opportunity allows you to tap into resources that could significantly propel your business forward. The money can be used for various purposes, from research costs to collaboration with experts across different sectors. No payback period is required, giving you the freedom to focus on innovation without the pressure of immediate returns.
Ultimately, participating in this program opens doors for collaboration and creativity, setting your business up for potential breakthroughs that can change the game. If you're ready to take your research to the next level, this funding can be a critical step toward your success.
Program Steps
Identify Your Project
Determine the high-risk, high-reward research project you want to pursue. Ensure it aligns with the program's focus on innovative interdisciplinary solutions.Gather Necessary Documentation
Prepare the following documents to support your application:- Business registration documents
- Research proposal detailing your project objectives and methodology
- Budget outline for your project
- Letters of support or collaboration from industry experts or partners
- Any relevant certifications or qualifications of your team members
Complete the Application Form
Fill out the application form provided on the program’s website. Make sure all sections are complete and accurate.Submit Your Application
Follow the submission guidelines carefully to ensure your application is received on time. Double-check that you’ve included all the required documentation.Monitor Application Status
After submission, keep an eye on any notifications or updates regarding your application. Be prepared to answer any follow-up questions or provide additional information if needed.Prepare for Collaboration
If your application is successful, start planning how you will integrate with any collaborative partners and prepare for the implementation of your project.