NRC — Medical Devices Research Centre
Highlights
This program is designed for businesses like yours in the medical device sector. It offers a unique opportunity to access advanced research facilities and expert support. By participating, you can accelerate the development and commercialization of your innovative medical devices.
Why Apply?
- Access to State-of-the-Art Facilities: Utilize specialized labs for polymer lab-on-a-chip, microfluidics, and digital health software.
- Expert Collaboration: Work with leading scientists, clinicians, and industry experts to refine your products.
- Comprehensive Support: From prototype design to product testing and manufacturability, receive end-to-end assistance.
What's in it for You?
- Innovative Financing: Benefit from government-backed support, which can be more flexible and favorable than traditional loans.
- Market Readiness: Enhance your product's market potential with evidence-based research and development.
- Ease of Qualification: The program is designed to be accessible, ensuring that businesses like yours can easily qualify and benefit.
Being approved for this program will provide you with the resources and expertise needed to bring your medical device innovations to market efficiently and effectively.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment required. This is a non-repayable grant.
Eligible Expenses:
- Research and development costs
- Prototype design and development
- Testing and manufacturability
- Technical support and advice
- Implementation of innovative concepts into product lines
Ineligible Expenses:
- General operating expenses
- Marketing and sales activities
- Office supplies and administrative costs
- Travel expenses not directly related to the project
Fees:
- No fees associated with this grant program.
Qualifications
- Must be a Canadian business.
- Must be involved in the development, translation, and implementation of medical device innovations.
- Must have a collaborative network with industry, clinicians, academics, or government collaborators.
- Must have expertise in biomedical engineering, micro-nanofabrication, microfluidics, lab-on-chip systems, or biomedical software.
- Must be engaged in research activities such as space and remote communities bio-analytics, living micro-systems, personalized digital therapeutics, or remote health monitoring.
Must be involved in biomedical device and software R&D, prototype design and development, or implementation of innovative concepts into product lines.
Disqualifications:
- Businesses not operating within Canada.
- Businesses not involved in medical device innovations.
- Businesses without collaborative networks in the specified fields.
- Businesses lacking expertise in the required scientific and engineering disciplines.
- Businesses not engaged in the specified research activities.
- Businesses not involved in biomedical device and software R&D or related technical services.
Description
This program offers your business up to $1,000,000 in funding. You can use this money to develop, translate, and implement medical device innovations. This includes everything from research and development to bringing your product to market.
You can use the funds for:
- Developing point-of-care diagnostics
- Creating digital health software
- Manufacturing biomedical devices
- Enhancing patient monitoring systems
The program supports you with scientific expertise and a collaborative network of industry professionals, clinicians, academics, and government partners. This ensures that your innovations are not only developed but also successfully implemented.
There is no payback period for this funding, making it a risk-free opportunity to advance your business. This program is designed to help you grow and succeed in the medical device industry.
Program Steps
Gather Required Documentation:
- Business plan
- Financial statements (last two years)
- Tax returns (last two years)
- Proof of business registration
- Resumes of key management personnel
- Detailed project proposal
Complete the Application Form:
- Fill out the application form provided on the program’s website.
- Ensure all sections are completed accurately.
Prepare a Detailed Project Proposal:
- Outline the scope of your project.
- Include timelines, objectives, and expected outcomes.
- Detail the budget and how funds will be allocated.
Submit the Application:
- Upload the completed application form and all required documentation to the program’s online portal.
- Double-check that all files are correctly attached.
Follow Up:
- After submission, monitor your email for any communication from the program administrators.
- Be prepared to provide additional information or clarification if requested.
Review and Approval:
- The program administrators will review your application.
- If approved, you will receive a notification outlining the next steps.
Sign Agreement:
- Review the terms and conditions of the funding agreement.
- Sign and return the agreement to finalize your participation in the program.
Receive Funds:
- Once the agreement is signed, the funds will be disbursed according to the program’s guidelines.
- Ensure you use the funds as outlined in your project proposal.
Report Progress:
- Regularly update the program administrators on your project’s progress.
- Submit any required progress reports and financial statements as stipulated in the agreement.
Complete the Project:
- Upon project completion, submit a final report detailing the outcomes and how the funds were utilized.
- Ensure all documentation is accurate and submitted on time.