NRC — Advanced, non-linear optical imaging and microscopy (CARSLab)
Highlights
This program is a fantastic opportunity for your business. It offers up to $1,000,000 in financing, with an additional $150,000 available for software or day-to-day operating costs. This funding can be used for a variety of purposes, including operating expenses, restorations, new equipment, and software.
Key Benefits:
- Government-backed financing: This means more security and better terms.
- Flexible repayment options: You can choose how to pay it back, with up to 15 years to do so.
- Non-invasive, advanced technology: The program uses cutting-edge CARS microscopy, which is 10,000 times more sensitive than traditional methods, ensuring precise and real-time imaging.
Applying for this program is straightforward, and being approved can significantly enhance your business operations. The advanced facilities and expert management ensure you get the best support and technology available.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Research and development costs
- Equipment purchases
- Salaries for research staff
- Materials and supplies directly related to the project
- Travel expenses for research purposes
Use of Funds:
- Funds can be used to cover the costs associated with the research and development activities.
- Funds cannot be used for general operational expenses, marketing, or unrelated business activities.
Repayment Terms:
- This is a grant, so there is no repayment required.
Fees:
- There are no application or processing fees associated with this grant program.
Qualifications
- Must be a business operating in Ottawa, Ontario.
- Must be involved in research and development.
- Must have a need for advanced, non-linear optical imaging and microscopy.
- Must be able to utilize molecular vibrational 'fingerprints' (Raman spectra) for non-invasive, chemical-specific, and label-free imaging.
- Must require high sensitivity imaging, at least 10,000 times more sensitive than Raman microscopy.
Must benefit from multi-modal (simultaneous) imaging, combining CARS with second harmonic and two-photon fluorescence detection.
Disqualifications:
- Businesses not located in Ottawa, Ontario.
- Businesses not engaged in research and development.
- Businesses that do not require advanced imaging techniques.
- Businesses that cannot utilize or do not need molecular vibrational 'fingerprints' (Raman spectra).
- Businesses that do not require high sensitivity imaging.
- Businesses that do not benefit from multi-modal imaging techniques.
Description
This program offers your business a chance to receive up to $1,000,000. You can use this money to buy equipment or improve your rented space. For example, you could purchase:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovate a retail space
You can also get up to $150,000 for costs like software or operational expenses to keep your business running smoothly.
The federal government guarantees 85% of the loan, providing a significant safety net for your business.
This loan program is flexible. If you have made significant purchases in the last 365 days that fit the program guidelines, you can apply them to this loan.
You have up to 15 years to pay back the loan, regardless of what you spend it on. You can choose a variable interest rate, a fixed one, or a combination of both for your repayments.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. These typically include:
- Business registration details
- Financial statements (profit and loss, balance sheet)
- Business plan
- Detailed project proposal
- Quotes for equipment or services
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately.
Submit the Application: Submit your completed application form along with the required documentation to the designated contact point or online portal.
Contact Program Representative: Reach out to the program representative for any questions or clarifications. This can help ensure your application is complete and meets all requirements.
Review and Follow-Up: After submission, monitor your application status. Be prepared to provide additional information if requested.
Approval and Next Steps: Once approved, review the terms and conditions. Follow any additional steps outlined by the program to receive the benefits or funding.