NRC — Construction Research Centre
Highlights
This program is designed for businesses like yours in the construction sector. It offers a unique opportunity to access advanced research and development facilities, helping you stay ahead in a competitive market. By participating, you can leverage cutting-edge technology and expertise to innovate and improve your products and services.
Why Apply?
- Access to State-of-the-Art Facilities: Utilize top-tier research labs and equipment.
- Expert Collaboration: Work with leading scientists and engineers in your field.
- Flexible Business Arrangements: Tailored support to meet your specific needs.
What's in it for You?
- Enhanced Market Access: Demonstrate and validate new technologies through large-scale pilots.
- Strategic R&D Support: Focused research to develop and deploy innovative solutions.
- Impartial Information: Gain insights from unbiased research to inform your business decisions.
This program offers a streamlined application process, making it easier for you to qualify and start benefiting from these resources. By being approved, you can significantly boost your business's growth and innovation potential.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Research and development costs
- Equipment and materials
- Salaries for project staff
- Travel expenses related to the project
- Subcontracting costs
Use of Funds:
- Funds can be used to support innovation and technology development within the construction sector.
- Funds cannot be used for general operational expenses, marketing, or unrelated business activities.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be involved in the construction sector.
- Business activities can also support aerospace, transportation, or information and communications technology sectors.
- Must be engaged in technology development and deployment.
- Business should focus on areas such as building envelope and materials, civil engineering and infrastructure, intelligent building operations, human-building interaction, building information management, carbon accounting, life cycle assessment, or fire safety.
Must be interested in market access and the uptake of construction technologies through demonstration and validation in large-scale pilots, focused strategic research and development, and flexible business arrangements.
Disqualifications:
- Businesses not involved in the construction sector or the specified supporting sectors (aerospace, transportation, information and communications technology).
- Businesses not engaged in technology development and deployment.
- Businesses not focusing on the specified areas of expertise (building envelope and materials, civil engineering and infrastructure, intelligent building operations, human-building interaction, building information management, carbon accounting, life cycle assessment, fire safety).
Description
This program offers up to $1,000,000 to support your business. You can use up to $500,000 of this amount to buy equipment or improve your rented space.
Eligible expenses include:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs, like software or operational expenses, you can receive up to $150,000.
The federal government guarantees 85% of the loan, providing a strong safety net for you.
Flexible repayment options are available. You can choose between a variable interest rate, a fixed rate, or a combination of both. You have up to 15 years to repay the loan, regardless of what you spend it on.
This program is a great opportunity to invest in your business and ensure its growth and stability.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. These typically include:
- Business plan
- Financial statements (balance sheet, income statement)
- Tax returns
- Proof of business registration
- Detailed project proposal or research plan
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately and thoroughly.
Submit the Application: Send your completed application form and all required documentation to the designated contact point. This could be via email, online portal, or physical mail, depending on the program's submission guidelines.
Follow Up: After submission, follow up with the program's contact person to confirm receipt of your application and to address any additional questions or requirements they may have.
Await Review and Decision: Wait for the program administrators to review your application. They may contact you for further information or clarification during this period.
Receive Notification: You will be notified of the decision regarding your application. If approved, you will receive details on the next steps, including any agreements or contracts that need to be signed.
Implement the Project: Once approved and all agreements are signed, you can begin implementing your project as outlined in your proposal. Ensure you adhere to any reporting requirements or milestones set by the program.