This program is designed for businesses like yours, offering a unique opportunity to secure funding that can significantly boost your operations. You can receive up to $1,000,000 in financing, with an additional $150,000 available for software or day-to-day operating costs. This financial support can be used for various purposes, including operating expenses, restorations, new equipment, and software.

What sets this program apart from other financing options is that it is backed by the government, providing you with more flexible repayment terms. You have the freedom to choose how you pay it back, with up to 15 years to do so. This flexibility can help you manage your cash flow more effectively and invest in growth opportunities without the immediate pressure of repayment.

Qualifying for this program is straightforward, making it accessible for your business. By being approved, you will gain the financial stability needed to expand, innovate, and stay competitive in your industry. This is a chance to secure the resources you need to take your business to the next level.

Type of Financing:

• Non-refundable Grant

Repayment Terms and Interest Rates:

• No repayment required as it is a grant (non-refundable).
• No interest rates applicable.

Eligible Expenses:

• Covers up to 40% of eligible expenses when partnering with a research center on an artificial intelligence project.
• Eligible expenses may include costs related to equipment, leasehold improvements, intangible assets, and working capital.

Ineligible Expenses:

• Funds cannot be used for expenses not directly related to the artificial intelligence project that accelerates drug discoveries.

Fees:

• No fees associated with the grant, as it is non-refundable.

This program offers your business a non-refundable grant of up to $500,000. This grant can cover up to 40% of eligible expenses when you partner with a research center on an artificial intelligence project aimed at accelerating drug discoveries.

What you can use the money for:

• Collaborating with research centers
• Developing AI technologies
• Accelerating drug discovery processes

There is no need to pay back this grant, making it a valuable opportunity to advance your business without financial strain. This funding can significantly reduce your project costs, allowing you to innovate and grow more efficiently.

To apply for the program, follow these steps:

1. Visit the Program Website: Go to the official program website to access the application portal and gather detailed information about the application process.

2. Register Your Business: Create an account on the program's application portal. Ensure you have your business registration details ready.

3. Prepare Required Documentation: Gather and prepare the following documents:

• Business Plan
• Financial Statements (last two years)
• Proof of Business Registration
• Project Proposal (detailing the research or innovation project)
• Letters of Support or Collaboration (if applicable)
• Budget Plan for the proposed project

4. Complete the Application Form: Fill out the online application form with accurate and detailed information about your business and the proposed project.

5. Upload Documentation: Upload all the prepared documents to the application portal as per the instructions provided.

6. Review and Submit: Carefully review your application and attached documents to ensure all information is correct and complete. Submit the application through the portal.

7. Confirmation and Follow-Up: After submission, you will receive a confirmation email. Monitor your email for any follow-up requests or additional information needed by the program administrators.

8. Await Decision: The program administrators will review your application. Be prepared to provide additional information or clarification if requested.

9. Approval and Next Steps: If approved, follow the instructions provided in the approval notification to proceed with the next steps, including any agreements or contracts to be signed.