NRC — Wind tunnel testing facility
Highlights
This program is a fantastic opportunity for your business. It offers a state-of-the-art facility for testing and validating your products. The 9 m wind tunnel can accommodate various surface vehicles, ground-based structures, and aerospace models. This means you can test real vehicles in a controlled environment, saving you the cost of building dedicated models.
What You Get
- Access to a high-security, large-scale testing facility
- Expert support from aerodynamicists, flight engineers, and business experts
- Advanced data acquisition systems and custom testing solutions
Key Benefits
- Cost-effective development: Test full-scale models without the need for expensive prototypes.
- High fidelity measurements: Ground simulation systems provide accurate drag and lift data.
- Comprehensive support: Benefit from the NRC's expertise in wind tunnel correction methodologies, aeroacoustic measurement, and more.
Applying to this program is straightforward, and qualifying is easy. By being approved, you gain access to reliable data that will be critical for the large-scale or commercial development of your products. This program is designed to help you de-risk new and experimental products, ensuring your business stays ahead of the competition.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- Repayment Term: Up to 10 years.
- Interest Rate: Fixed at 3% per annum.
Eligible Expenses:
- Equipment purchases
- Leasehold improvements
- Research and development costs
- Marketing and promotional activities
- Employee training and development
Ineligible Expenses:
- Personal expenses
- Real estate purchases
- Debt refinancing
- Dividends or bonuses to shareholders
Fees:
- Application Fee: $150
- Annual Maintenance Fee: 1% of the loan amount, charged annually
This loan provides a flexible and affordable financing option to support the growth and development of your business.
Qualifications
- Must be an original equipment manufacturer (OEM).
- Must require testing for surface vehicles, ground-based structures, or aerospace models.
- Must be involved in automotive, commercial truck manufacturing, or aerospace industries.
- Must need high Reynolds number, low-interference simulation for product development.
- Must be interested in wind tunnel testing for performance benchmarking.
Must require advanced aerodynamic testing capabilities.
Disqualifications:
- Businesses not involved in manufacturing or testing of surface vehicles, ground-based structures, or aerospace models.
- Businesses not requiring wind tunnel testing or aerodynamic analysis.
- Businesses outside the automotive, commercial truck, or aerospace sectors.
Description
This program offers a great opportunity for your business. You can receive up to $1,000,000 in funding. This money can be used for various purposes, including buying new equipment, upgrading your facilities, or even covering operational costs.
Here’s how you can use the funds:
- Purchase commercial kitchen appliances
- Invest in manufacturing machinery
- Upgrade computers and IT infrastructure
- Renovate your retail space
For operational costs like software or working capital, you can get up to $150,000. The federal government guarantees 85% of the loan, providing a significant safety net for you.
Flexible repayment options are available. You can choose between variable or fixed interest rates, or a combination of both. You also have up to 15 years to repay the loan, regardless of how you use the funds.
This program is designed to help your business grow and succeed, offering financial support and flexibility tailored to your needs.
Program Steps
Gather Required Documentation: Prepare the necessary documents for the application. These include:
- Financial statements
- Business plan
- Details of intended use of funds (e.g., quotes for equipment or renovation costs)
- Any other relevant business documentation
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately and thoroughly.
Submit the Application: Submit the completed application form along with the required documentation to the designated contact point or platform specified by the program.
Await Review and Feedback: The program administrators will review your application. Be prepared to provide additional information or clarification if requested.
Receive Approval and Terms: If your application is approved, review the terms and conditions of the program. This will include any obligations or commitments required from your business.
Sign Agreement: Sign the agreement to formally accept the terms and conditions of the program.
Implement the Program: Once the agreement is signed, you can begin utilizing the program's resources or funds as outlined in your application. Ensure you adhere to any reporting or compliance requirements specified by the program.