NRC — Ice Tank - 21 m Research Facility
Highlights
This program is designed for businesses like yours that need advanced testing facilities to innovate and bring new technologies to market. By partnering with the NRC, you gain access to a world-class ice tank facility that simulates Arctic and northern marine conditions. This can be crucial for businesses involved in marine engineering, coastal development, or any industry requiring ice-related research.
Why Apply?
- Expert Support: Work with internationally recognized experts in ice modeling and problem-solving.
- Customizable Testing: Utilize a versatile ice modeling facility that can simulate various ice conditions and wave climates.
- De-risking Innovation: The NRC helps bridge the gap between innovation and commercialization, reducing risks and accelerating your path to market.
What’s in it for You?
- Competitive Advantage: Gain a unique edge with access to specialized facilities and expert knowledge.
- Comprehensive Research: Conduct thorough and precise studies to validate your technologies.
- Ease of Qualification: The program is designed to be accessible, ensuring that your business can benefit without unnecessary hurdles.
Partnering with the NRC can significantly enhance your research capabilities and support your business growth.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Research and development costs.
- Equipment and materials directly related to the project.
- Salaries and wages for project staff.
- Travel expenses necessary for the project.
- Consulting fees for expert advice.
Use of Funds:
- Funds cannot be used for general business operations.
- Funds cannot be used for marketing or advertising expenses.
- Funds cannot be used for debt repayment or refinancing.
Fees:
- No application fees.
- No administration fees.
Qualifications
- Must be a business involved in research and development.
- Must be interested in studying ice-related problems.
- Must require facilities that simulate Arctic and northern marine conditions.
- Must be able to utilize a facility with a concrete tank measuring 21 m long by 7 m wide by 1.1 m deep.
- Must be able to work in temperatures down to -20°C.
- Must need to produce ice up to 0.6 m thick.
Must benefit from the use of a wave machine to simulate different ice regimes.
- Disqualifications:
- Businesses not involved in research and development.
- Businesses not requiring ice-related studies or simulations.
- Businesses unable to work in extremely cold temperatures.
- Businesses not needing to produce or study ice formations.
Description
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 operational costs like software or working capital, the program can provide up to $150,000.
The federal government guarantees 85% of the loan, giving you a significant safety net.
Flexible repayment options are available. You can choose a variable interest rate, a fixed one, or even combine your loan amount and interest into blended payments.
You have up to 15 years to repay the loan, regardless of what you spend it on.
Program Steps
Gather Required Documentation:
- Business Plan
- Financial Statements (last 2 years)
- Proof of Business Registration
- Detailed Project Proposal
- Quotes for Equipment or Services
Complete the Application Form:
- Access the application form on the official website.
- Fill out all required fields accurately.
Submit the Application:
- Upload the completed application form and all required documents.
- Double-check for any missing information or attachments.
Contact NRC for Support:
- Reach out to NRC via email at [email protected] for any questions or assistance.
Review and Follow Up:
- Monitor your email for any follow-up requests or additional information needed.
- Respond promptly to any inquiries from the NRC.
Await Approval:
- The NRC will review your application and documentation.
- You will be notified of the decision and any next steps.
Finalize Agreement:
- If approved, review the terms and conditions of the agreement.
- Sign and return any required documents to finalize the partnership.