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PARTENAR-IA — CRIBIQ — Industry

Up to $350,000
Type
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

If you're looking to elevate your business and embrace innovation, this program is a perfect fit for you. You could receive up to $350,000 in non-repayable grants for your artificial intelligence projects in industrial bioprocessing. That means you can enhance your operations without the pressure of repayment, allowing you to focus on what truly matters: growth and innovation.

Partnering with at least one other company and a research center could even boost your funding to $1.5 million, covering 50% of your eligible expenses. This flexibility means you can invest the money into technology or research that will truly transform your business. With no restrictions on employee count or company revenue, every business can take advantage of this valuable opportunity to create greater value for their customers and community.

Don't miss out on this chance to transform your operations and instigate real change in your industry. Applying is straightforward and opens doors to funding that can propel your business forward.

Financing Details

This program offers non-repayable grants for businesses involved in artificial intelligence projects in the field of industrial bioprocessing. You can receive up to $350,000 if you're working solo. If you team up with at least one other company and a research center, the amount can reach $1.5 million. This funding can cover up to 50% of your project's expenses.

Repayment and Interest Rates

Since this is a grant, there is no repayment required, and you won't face any interest rates. This means that the funds you receive do not have to be paid back, making it a valuable opportunity for your business.

Eligible Expenses

Funds can be used for a variety of project-related costs, including:

  • Research and development expenses
  • Technology acquisition
  • Labor costs associated with your team

Restrictions on Use of Funds

However, keep in mind that funds cannot be used for general operating expenses, such as rent or utilities. This is specifically for project-related costs to ensure the funding is used effectively.

Fees

As for fees, there are no application fees associated with this program. You can focus on your project without worrying about hidden costs.

Qualifications

  • Location: Available across Canada.
  • Sectors: All sectors are eligible.
  • Employees:
    • No minimum employees required.
    • No maximum employees required.
  • Company Revenue:
    • No minimum revenue qualifications.
    • No maximum revenue qualifications.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications: None specified in the context.

Description

You can receive up to $350,000 in non-repayable grants for your artificial intelligence projects in industrial bioprocessing. This funding can be a game-changer for your business, enabling you to innovate and improve your operations without the stress of repayment. If you partner with at least one other company and a research center, the total funding can reach up to $1.5 million to cover 50% of your eligible expenses.

This program is open to businesses in all sectors across Canada, so no matter your industry, you can benefit from this opportunity. The money can be used flexibly, allowing you to invest in technology, research, or other essential areas that can boost your business's growth.

With no restrictions on employee count or company revenue, this program is designed to support businesses like yours, regardless of size or structure. The funding isn't just about the money—it's about enabling you to push boundaries and create greater value for your customers and community.

Program Steps

  1. Gather Information
    Research the program details and understand what funding is available for your artificial intelligence project in industrial bioprocessing.

  2. Form Partnerships
    If applicable, identify at least one other company and a research center to partner with, as this could increase your funding opportunities.

  3. Prepare Documentation
    Collect the necessary documents for your application. You will likely need:

    • Business registration proof
    • Partnership agreements (if applicable)
    • Project proposal outlining your AI initiative
    • Budget breakdown detailing eligible expenses
    • Financial statements from the last two years
    • Any additional relevant documentation related to your business and project
  4. Complete Application Form
    Fill out the application form accurately and comprehensively. Provide all required information as specified in the guidelines.

  5. Submit Application
    Review your application and ensure all documents are included before submitting it through the designated platform or email.

  6. Follow Up
    After submission, monitor your email for any communication from the program administrators. Be ready to answer any follow-up questions or provide additional information if needed.

Visit Program Website