Imagine unlocking funding between $1.5 million and $6 million to propel your manufacturing business forward. This program is designed to help you innovate using artificial intelligence and machine learning. By tapping into this funding, you can enhance your processes, improve efficiency, and drive significant growth. Plus, with no strict payback period, you can focus on developing impactful solutions rather than worrying about immediate returns.

Collaborating with at least one manufacturing company and one AI company will not only elevate your project but also help you demonstrate significant economic benefits and contribute to environmental sustainability. This is a chance to create diverse job opportunities that can strengthen your community and enhance your business’s position in the market.

Applying for this program is straightforward and positions you to harness substantial support for your innovation journey. You’ll gain access to expert resources and collaborate with industry leaders, setting the stage for success in the fast-evolving manufacturing sector. Don't miss out on this valuable opportunity to transform your business.

Type of Financing
The financing provided by this program is a grant. Grants do not need to be repaid, making them an attractive option for businesses looking to innovate and grow.

Repayment Terms and Eligible Expenses
There are no repayment terms or interest rates to worry about since it's a grant. You can use the funds for eligible expenses such as project costs ranging from $1.5 million to $6 million. This includes expenses related to the development and commercialization of AI and machine learning solutions in manufacturing.

Restrictions and Fees
Funds cannot be used for general operating expenses, non-AI related projects, or any costs not directly tied to the project objectives. Be aware that there may be administrative fees associated with the application process, so it's wise to review these details before applying.

• Location: Available across Canada.
• Sectors: Manufacturing companies, AI companies, and SMEs.
• Collaboration: Projects must include:
  • At least one manufacturing company.
  • At least one AI company.
  • At least one small or medium-sized enterprise (SME).
• Project Costs: Eligible projects must have costs between $1.5M and $6M.
• Employees:
  • No minimum or maximum number of employees required.
• Company Revenue:
  • No minimum or maximum company revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• No specific disqualifications mentioned in the context provided.

This program offers between $1.5 million and $6 million in funding to help boost your manufacturing business through the use of artificial intelligence and machine learning. You can use this funding to develop and test innovative solutions that enhance your processes, improve efficiency, and ultimately drive growth.

To qualify, you will need to team up with at least one manufacturing company and one AI company. By collaborating in this way, your project can demonstrate its potential to bring economic benefits, create diverse job opportunities, and promote environmental sustainability. The funding is designed to support projects that show real impact, making it a valuable opportunity for your business.

There’s no strict payback period, so you can focus on leveraging this funding to improve and innovate rather than worrying about immediate financial returns. This is your chance to take your business to the next level with substantial support from this initiative.