NRC — Energy, Mining and Environment Research Centre
Highlights
This program is designed for businesses like yours that are focused on clean energy and innovation. By participating, you can access cutting-edge research and development resources to help your business thrive in the growing net-zero economy.
Why Apply?
- Expert Collaboration: Work with top scientists and researchers to develop and scale your technologies.
- Advanced Facilities: Utilize state-of-the-art labs and equipment to accelerate your projects.
- Funding Opportunities: Gain access to financial support for your clean energy initiatives.
What's in it for You?
- Innovative Solutions: Develop new materials and technologies that can set your business apart.
- Market Advantage: Stay ahead of industry trends and regulatory requirements.
- Sustainability: Contribute to a greener future while enhancing your business's reputation.
Qualifying for this program is straightforward, making it an excellent opportunity to advance your business with minimal hassle.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- This is a non-repayable grant. There are no repayment terms or interest rates associated with this funding.
Eligible Expenses:
- Research and development costs
- Equipment and materials necessary for clean energy projects
- Salaries and wages for staff working on the project
- Consulting fees for technical expertise
- Travel expenses directly related to the project
- Costs associated with testing and prototyping
Ineligible Expenses:
- General operational costs not related to the project
- Marketing and advertising expenses
- Office supplies and administrative costs
- Any expenses incurred before the grant approval date
Fees:
- There are no fees associated with applying for or receiving this grant.
Qualifications
- Must be a business involved in the clean energy sector.
- Must be engaged in activities related to net-zero energy, critical minerals, advanced materials, or industrial decarbonization.
- Must be willing to collaborate with research organizations, universities, or other government departments.
Must be open to developing technologies in areas such as energy storage, hydrogen production, low-carbon fuels, CO2 emissions reduction, anaerobic bioprocessing, or new sensing technologies.
Disqualifications:
- Businesses not involved in the clean energy sector.
- Businesses unwilling to collaborate with research organizations, universities, or government departments.
Description
This program offers your business a chance to receive up to $1,000,000 in funding. You can use this money to buy equipment, improve your workspace, or cover other essential costs.
You can use the funds for:
- Buying new machinery or technology
- Renovating your office or retail space
- Investing in software or other operational needs
Key benefits include:
- Up to $500,000 for equipment or workspace improvements
- Up to $150,000 for operational costs like software or day-to-day expenses
The federal government guarantees 85% of the loan, giving you a strong safety net. You also have flexible repayment options, including variable or fixed interest rates, and you can combine your loan amount and interest into one payment.
You have up to 15 years to repay the loan, making it easier to manage your finances and invest in your business's growth.
Program Steps
Gather Necessary Information:
- Collect all relevant details about your business, including your business registration number, contact information, and a brief description of your business activities.
Prepare Documentation:
- Financial Statements (last two years)
- Business Plan
- Project Proposal (detailing how your business will contribute to clean energy innovation)
- Proof of Business Registration
- Any relevant permits or licenses
Complete the Application Form:
- Fill out the application form provided by the program. Ensure all sections are completed accurately.
Submit the Application:
- Submit the completed application form along with the required documentation through the designated online portal or via mail to the specified address.
Follow Up:
- After submission, monitor your email and phone for any communication from the program administrators. They may request additional information or clarification.
Review and Approval:
- The program administrators will review your application. This may include an assessment of your business plan and financial health.
Receive Funding:
- If approved, you will receive the funding as specified in the program guidelines. Ensure you understand the terms and conditions associated with the funding.
Implement the Project:
- Use the funds to implement your clean energy innovation project as outlined in your proposal. Keep detailed records of how the funds are used.
Report Progress:
- Periodically report on the progress of your project as required by the program. This may include financial reports and project milestones.
Final Evaluation:
- Upon project completion, submit a final report detailing the outcomes and impacts of your project. This will help in the assessment of the program’s effectiveness.