NGen Cluster Building Project
Highlights
This program is designed for businesses like yours that are looking to enhance their capabilities through advanced manufacturing technologies. By applying, you can access up to $150,000 in funding to support your projects. This funding can help you adopt best practices and principles, making your business more competitive and future-ready.
Key Benefits:
- $150,000 in project funding
- Support for adopting advanced manufacturing technologies
- Access to industry-led, membership-based organizations
This funding is better than other financing options because it is specifically tailored to help businesses like yours grow and innovate. Approval will provide you with the resources needed to stay ahead in your industry. The qualification process is straightforward, ensuring you can quickly benefit from this opportunity.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- This grant does not require repayment.
- There are no interest rates associated with this grant.
Eligible Expenses:
- Advanced manufacturing technologies.
- Best practices and principles.
- Enhancing capabilities through the application of advanced manufacturing technologies.
Ineligible Expenses:
- General operating expenses.
- Salaries not directly related to the project.
- Any expenses not directly tied to the enhancement of manufacturing capabilities.
Fees:
- There are no fees associated with applying for or receiving this grant.
Qualifications
- Must be a small or medium-sized enterprise (SME).
- Business must be based in Canada.
- Must be part of an industry-led, membership-based organization.
Must be involved in advanced manufacturing technologies, best practices, or principles.
Disqualifications:
- Businesses not based in Canada.
- Businesses not involved in advanced manufacturing technologies, best practices, or principles.
Description
This program offers your business a chance to receive up to $150,000 in funding. This money can be used to enhance your capabilities through advanced manufacturing technologies, best practices, and principles.
You can use the funds for:
- Accessing new manufacturing technologies
- Implementing best practices in your operations
- Joining industry-led, membership-based organizations
The funding is designed to support groups of Canadian SMEs, helping you to collaborate and grow. This program aims to drive digital transformation and make your business future-ready.
There is no payback period for this funding, as it is a grant, not a loan. This means you can focus on using the money to improve your business without worrying about repayment.
Program Steps
Register for NGen Membership: Start by registering for a free NGen membership. This will give you access to the application portal and other resources.
Read Guidance Documents: Review the provided guidance documents, including the Application Guide, Financial Guide, and IP Strategy Guide. These documents will help you understand the application process and requirements.
Prepare Documentation: Gather the necessary documentation for your application. This includes:
- Business Plan
- Financial Statements
- Project Proposal
- Collaboration Agreement
- IP Strategy Tables
- Application Agreement
Download Templates: Use the provided template documents to support your application. These include the Financial Workbook, Collaboration Agreement, and Master Project Agreement.
Complete the Application Form: Fill out the application form, ensuring all sections are completed accurately. Use the Cluster Application Questions document to guide your responses.
Submit the Application: Submit your completed application through the NGen portal. Ensure all required documents are attached and properly formatted.
Await Review: Your application will be reviewed by the NGen team. Be prepared to provide additional information or clarification if requested.
Approval and Funding: If your application is approved, you will receive funding to support your project. Follow the guidelines provided to manage and report on the use of funds.