NRC — Metrology Research Centre
Highlights
This program is designed for businesses like yours, offering a unique opportunity to enhance your operations. Why is this program for you? It provides access to top-tier measurement and calibration services, ensuring your products meet the highest standards. This can significantly boost your credibility and market competitiveness.
Why should you apply? The program offers accurate, traceable measurements that are internationally recognized. This means you can confidently expand your business, knowing your products meet global standards. What’s in it for you? You gain access to expert advice and state-of-the-art facilities, helping you tackle complex measurement challenges and drive innovation.
What kind of financing is it? This program offers primary measurement services, which are more reliable and precise than typical commercial options. How will being approved help you? Approval means you can leverage these high-quality services to improve product quality, reduce errors, and enhance customer satisfaction. Is it easy to qualify? Yes, your business fits the required criteria, making it straightforward to access these benefits.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Research and development costs
- Equipment and materials directly related to the project
- Salaries and wages for staff involved in the project
- Travel expenses necessary for the project
- Contracted services and consultants
Use of Funds:
- Funds must be used exclusively for the approved project activities.
- Cannot be used for general operating expenses, debt repayment, or any activities not directly related to the project.
Repayment Terms:
- As this is a grant, there is no repayment required.
Fees:
- No application or processing fees associated with this grant program.
Qualifications
- Must be a business operating in Canada.
- Must be engaged in research and development activities.
- Must be involved in industrial or academic research.
Must require services such as instrument calibration, measurement services, chemical purity analysis, or certified reference materials.
Disqualifications:
- Businesses not involved in research and development.
- Businesses that do not require metrology services.
- Businesses operating outside of Canada.
Description
This program offers your business up to $1,000,000 in funding. You can use this money to buy new equipment, improve your workspace, or cover other essential costs.
You can use up to $500,000 of this funding for:
- Buying commercial kitchen appliances
- Purchasing manufacturing machinery
- Upgrading computers and IT infrastructure
- Renovating your retail space
For other expenses like software or operational costs, you can receive up to $150,000.
The federal government guarantees 85% of the loan, providing a strong safety net for your business.
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, no matter what you spend it on. This program is designed to support your business growth and stability.
Program Steps
Gather Required Documentation:
- Business registration documents
- Financial statements (last two years)
- Business plan
- Project proposal or research plan
- Proof of business address
- Identification documents for business owners
Complete the Application Form:
- Visit the program's official website.
- Download and fill out the application form.
- Ensure all sections are completed accurately.
Prepare Supporting Documents:
- Compile all required documentation.
- Ensure documents are up-to-date and accurate.
- Organize documents in the order specified in the application guidelines.
Submit the Application:
- Upload the completed application form and supporting documents to the program's online portal.
- Alternatively, mail the application package to the provided address if online submission is not available.
Follow Up:
- Confirm receipt of your application by contacting the program office.
- Monitor your email and phone for any follow-up requests or additional information needed.
Review and Approval:
- Wait for the program office to review your application.
- Be prepared to provide additional information or clarification if requested.
Receive Funding:
- Upon approval, review the terms and conditions of the funding.
- Sign any necessary agreements.
- Receive the funds and begin your project as outlined in your proposal.