NRC — Large Wave Flume - Research Facility
Highlights
This program is designed for businesses like yours that need advanced testing facilities to improve their infrastructure projects, marine vehicles, and operations. By applying, you gain access to the NRC's world-class, customizable testing facilities and the expertise of their professional staff. This can help you assess performance, increase safety, and reduce lifecycle costs.
Key Benefits:
- Comprehensive testing capabilities for a wide range of wave conditions and currents.
- Advanced instrumentation systems for precise measurements and data acquisition.
- Expert support from experienced researchers in various engineering fields.
Approval for this program means you can optimize your designs and operations with accurate, reliable results, giving you a competitive edge. The qualification process is straightforward, making it easier for you to start benefiting from these resources quickly.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Research and development costs.
- Equipment purchases.
- Salaries for research staff.
- Materials and supplies.
- Travel expenses related to research activities.
Ineligible Expenses:
- General operating expenses.
- Marketing and advertising costs.
- Office supplies not related to research.
- Any expenses not directly tied to the research project.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be located in Ottawa, Ontario.
- Must be involved in infrastructure project designs, marine vehicles, or marine operations.
- Must be interested in testing and optimizing performance in operational and extreme conditions.
Must be seeking to improve performance, increase safety, and reduce lifecycle costs.
Disqualifications:
- Businesses not involved in infrastructure project designs, marine vehicles, or marine operations.
- Businesses not located in Ottawa, Ontario.
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 other costs like software or operational expenses, the program can provide up to $150,000.
Key benefits:
- 85% of the loan is guaranteed by the federal government, giving you a significant safety net.
- Flexible repayment options: Choose between a variable interest rate, a fixed rate, or a combination of both.
- Up to 15 years to repay the loan, regardless of what you spend it on.
This program is designed to help your business grow and succeed with financial support and flexible terms.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. These typically include:
- Business registration details
- Financial statements (e.g., balance sheet, income statement)
- Business plan
- Project proposal or description
- Cost estimates or quotes for the project
- Any relevant permits or licenses
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, mail, or an online submission portal.
Follow Up: After submission, follow up with the program contact to confirm receipt of your application and to address any additional questions or requirements.
Review and Approval: Wait for the program administrators to review your application. They may contact you for further information or clarification during this process.
Receive Notification: Once your application is reviewed, you will receive a notification regarding the approval status. If approved, you will be informed of the next steps to access the program benefits.
Implement the Project: Upon approval, proceed with implementing your project as outlined in your application. Ensure you adhere to any guidelines or conditions set by the program.
Report Progress: Periodically report on the progress of your project as required by the program. This may include submitting progress reports, financial updates, or other documentation.
Complete the Project: Once your project is complete, submit a final report detailing the outcomes and any relevant data or results. This helps demonstrate the impact and success of the program.