NRC — Multidirectional Wave Basin - Research Facility
Highlights
This program is a fantastic opportunity for your business to access state-of-the-art facilities for testing and optimizing maritime structures and operations. By participating, you can leverage the NRC's multidirectional wave basin to assess the performance of your designs under various ocean conditions. This can help you improve safety, enhance performance, and reduce lifecycle costs.
What You Get
- Access to a world-class wave basin for testing fixed and floating maritime structures.
- Customizable testing conditions including waves, currents, and wind simulations.
- Expert support from NRC's professional staff with extensive experience in engineering and marine environments.
Why Apply?
- Competitive advantage: Gain insights and optimizations that can set your business apart.
- Cost-effective: Reduce lifecycle costs through improved design and performance.
- Easy qualification: The program is designed to be accessible for businesses like yours.
By being approved, you will have the tools and expertise needed to innovate and commercialize your projects effectively. This program offers a unique blend of advanced facilities and expert guidance, making it an invaluable resource for your business.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- This is a grant, so there is no repayment required.
- There are no interest rates associated with this grant.
Eligible Expenses:
- Research and development activities.
- Purchase of equipment and materials.
- Salaries for research staff.
- Costs related to testing and validation.
- Travel expenses for research purposes.
Ineligible Expenses:
- General operational costs.
- Marketing and sales activities.
- Office rent and utilities.
- Any expenses not directly related to the research and development project.
Fees:
- There are no application or processing fees associated with this grant.
Qualifications
- Must be involved in the assessment of fixed and floating maritime structures and marine operations.
- Must be engaged in studying coastal structures, coastal processes, or port developments.
- Business must be capable of utilizing a 30 m × 36 m × up to 3 m deep rectangular wave basin.
- Must require the simulation of wave conditions, wind fields, or local currents for testing purposes.
Must be able to benefit from the expertise of NRC's in-house research staff.
Disqualifications:
- Businesses not involved in maritime or coastal engineering.
- Businesses that do not require wave, wind, or current simulations.
- Businesses unable to utilize the NRC's testing facilities.
Description
This program offers your business a unique opportunity to access up to $1,000,000 in funding. You can use this money to buy equipment, improve your space, or cover operational costs.
Here’s how you can use the funds:
- Up to $500,000 for equipment or renovations. This includes items like commercial kitchen appliances, manufacturing machinery, or upgrading your retail space.
- Up to $150,000 for software or other operational expenses to keep your business running smoothly.
The federal government guarantees 85% of the loan, giving you a significant security net. This program is flexible, allowing you to apply recent significant purchases (within the last 365 days) to the loan.
You have various repayment options, including variable or fixed interest rates, or a combination of both. You can take up to 15 years to repay the loan, no matter what you spend it on. This program provides a great way to invest in your business’s growth and stability.
Program Steps
Gather Necessary Documentation: Prepare the following documents to support your application:
- Business plan
- Financial statements (balance sheet, income statement, cash flow statement)
- Project proposal detailing the intended use of the facility
- Any relevant permits or licenses
- Proof of business registration
Complete the Application Form: Fill out the application form provided by the National Research Council Canada. Ensure all sections are completed accurately.
Submit the Application: Send the completed application form and all required documentation to the designated email address: [email protected].
Await Confirmation: After submission, you will receive a confirmation email acknowledging receipt of your application. This email will also provide an estimated timeline for review.
Participate in Follow-Up: Be prepared to answer any follow-up questions or provide additional information if requested by the review team. This may include clarifying details in your project proposal or financial statements.
Review and Approval: Once your application is reviewed, you will be notified of the decision. If approved, you will receive detailed instructions on the next steps to access the facility.
Finalize Agreement: Upon approval, finalize any agreements or contracts required to use the multidirectional wave basin research facility. This may include signing a usage agreement and scheduling your project timeline.
Begin Project: Once all agreements are in place, you can start your project at the facility according to the scheduled timeline.