New Frontiers in Research Fund — Transformation Stream
Highlights
We get it. Your business is always facing new challenges, and finding the right funding can feel overwhelming. This program is designed for businesses like yours that are involved in large-scale research initiatives aimed at solving important issues. By applying, you can unlock up to unlimited funding to support groundbreaking projects that can have significant social, economic, environmental, or health impacts.
Here's why you should consider applying:
- No caps on funding mean you can pursue meaningful research without financial limitations.
- Collaboration opportunities with diverse teams open doors to new ideas and valuable partnerships.
- No minimum or maximum revenue requirements make this program accessible for businesses of all sizes.
If you're ready to take your research to the next level, applying for this program can provide the support you need to drive innovation and create lasting change.
Financing Details
Type of Financing
This program offers a grant. Grants are funds that you do not need to repay, provided you're using them for approved expenses related to your project.
Repayment and Fees
There are no repayment terms or interest rates associated with this grant. Also, you won't encounter any hidden fees while accessing this funding, making it a straightforward option for your business.
Eligible Expenses
You can use the funds for a range of eligible expenses, such as:
- Research activities
- Equipment and materials
- Personnel costs
- Travel for project-related purposes.
However, the funds cannot be applied towards regular business operations, general administrative costs, or expenses unrelated to the project's research goals.
Qualifications
- Location: Available across Canada.
- Sectors: Open to all sectors.
- Employees:
- No minimum number of employees required.
- No maximum number of employees required.
- Company Revenue:
- No minimum revenue qualifications.
- No maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications: None specified regarding disqualification.
Description
The Transformation stream of this program focuses on supporting large-scale, interdisciplinary research projects that can tackle important challenges in Canada. If your business is involved in such a project, you could receive funding to help drive innovative solutions. This funding can support both fundamental and applied research with impacts on social, economic, environmental, or health issues.
Taking part in this initiative allows you to collaborate with diverse teams, which can lead to lasting changes that benefit your business and the community. The sweet spot here is that there’s no cap on funding amounts, giving you the flexibility to pursue significant research endeavors without financial constraints.
This opportunity is open across all sectors, and there are no minimum or maximum revenue requirements. This means regardless of your business size or structure, you can engage with this program to push your research initiatives forward. The collaborative nature of the program encourages the creation of valuable partnerships that can elevate your business and its impact in the marketplace.
Program Steps
Identify Your Project
Define the large-scale, interdisciplinary research project you want to pursue. Ensure it addresses significant challenges in areas such as social, economic, environmental, or health issues.Gather Your Team
Assemble a diverse team that can contribute to the project. Collaboration is a key aspect of this program, so having a mix of expertise is beneficial.Prepare the Appropriate Documentation
Collect the necessary documents for your application, which may include:- A detailed project proposal outlining goals and objectives
- Budget estimates for the project
- Letters of support or collaboration from partnering organizations
- Evidence of previous research or projects, if applicable
- Company financial information, though no minimum or maximum revenue is required
Complete the Application Form
Fill out the application form on the program's website with detailed information about your project and team.Submit Your Application
Review everything for completeness and accuracy. Then, submit your application through the program's designated online portal.Follow Up
After submission, keep an eye on your email for any updates or requests for additional information. Stay engaged in case the program coordinators reach out.