This program is a fantastic opportunity for your business. It offers you access to world-class, customizable testing facilities and the expertise of the National Research Council's (NRC) professional staff. You can test and optimize your infrastructure project designs, marine vehicles, and operations in both operational and extreme conditions. This will help you improve performance, increase safety, and reduce lifecycle costs.

What You Get

• Access to a high-discharge flume that simulates a wide range of open channel flows.
• Customizable testing environments for rivers, canals, dams, and other hydraulic structures.
• Expert guidance from NRC's experienced research staff in various engineering fields.

Why Apply?

• Competitive Advantage: Gain insights and optimizations that can set your business apart.
• Cost Efficiency: Reduce lifecycle costs through improved design and performance.
• Safety Enhancements: Increase the safety of your projects and operations.

Ease of Qualification

Qualifying for this program is straightforward, and your business already meets the criteria. This is a unique chance to leverage top-tier research facilities and expert knowledge to propel your business forward.

Type of Financing: Grant

Repayment Terms:

• No repayment required.

Eligible Expenses:

• Research and development costs.
• Equipment purchases.
• Salaries for research personnel.
• Materials and supplies directly related to the project.
• Travel expenses for project-related activities.

Ineligible Expenses:

• General administrative costs.
• Marketing and advertising expenses.
• Office supplies not directly related to the project.
• Entertainment and hospitality expenses.

Fees:

• No application fees.
• No processing fees.

This program offers your business a chance to receive up to $1,000,000. 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 operating expenses, you can get up to $150,000.

The federal government guarantees 85% of the loan, giving you a strong safety net.

Flexible repayment options are available. You can choose a variable interest rate, a fixed one, 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's growth and stability.

1. 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.

2. Prepare Documentation: Ensure you have the following documents ready:

   • Financial statements (balance sheet, income statement)
   • Business plan
   • Proof of business registration
   • Details of intended use of the program (e.g., project proposals, quotes for equipment or services)
   • Any other documentation required by the program guidelines

3. Complete the Application Form: Fill out the application form provided by the program. Make sure all information is accurate and complete.

4. Submit the Application: Submit your completed application form and all supporting documents through the designated submission portal or via email as instructed by the program.

5. Follow Up: After submission, monitor your email or the submission portal for any updates or requests for additional information from the program administrators.

6. Review and Respond: If the program administrators request additional information or clarification, respond promptly to ensure your application is processed without delay.

7. Await Decision: Wait for the program administrators to review your application and make a decision. This may take several weeks.

8. Receive Notification: Once a decision is made, you will be notified of the outcome. If approved, you will receive further instructions on how to proceed.

9. Implement the Program: Upon approval, follow the instructions provided to implement the program in your business. This may include signing agreements, setting up accounts, or starting the project as outlined in your application.

10. Report Progress: Periodically report on the progress of your project or use of the program as required by the program guidelines. This may involve submitting progress reports, financial statements, or other documentation.

By following these steps, you can successfully apply for and utilize the program to benefit your business.