Finding funding can feel like a maze. That’s why we’re excited to share this program with you. It’s tailored for businesses in the plant-based and agrifood sectors, just like yours. By participating, you can collaborate with industry partners and access their expertise, which can help elevate your projects significantly.

You can access grants that don’t require repayment, giving you the freedom to invest in the tools and talent needed to innovate. This program not only provides financial support but also positions your business to be part of Canada’s movement towards AI leadership. Imagine being at the forefront of technological advancements while contributing to social and economic growth in your community.

What’s even better is that there are no minimum or maximum revenue qualifications, making this opportunity accessible for businesses of all sizes. With streamlined qualification, this program is designed to help your innovative ideas flourish. Joining this initiative will help transform your vision into reality while securing the resources you need to succeed.

Type of Financing

The financing offered through this program includes grants. These are funds that do not need to be repaid, making them a fantastic opportunity for your business to invest in growth without the burden of a loan.

Repayment and Eligible Expenses

Since this is a grant, there are no repayment terms or interest rates involved. The funds can be used for a variety of eligible expenses, such as:

• Research and development of innovative AI technologies.
• Partnerships that enhance your project’s scale.
• Talent acquisition to build a skilled team.
• Activities that contribute to positioning Canada as a leader in AI applications in the agrifood sector.

Restrictions and Fees

There are certain expenses that cannot be covered by this grant. These include:

• General operating expenses not directly related to the project.
• Costs that are not aligned with research and commercialization efforts.

Additionally, there are typically no fees associated with applying for or receiving this grant, ensuring that all funds go directly to boosting your project.

• Location: Available across Canada.
• Sectors: Must be involved in the plant-based and agrifood sectors.
• Consortium Requirement: Must be part of a consortium with at least two members, including a Small or Medium Enterprise.
• Project Goals: The project must demonstrate meaningful contribution towards the project goals.

Disqualifications:

• No specific disqualifications mentioned in the context provided.

This program is designed to help your business turn innovative ideas into reality. It focuses on artificial intelligence research in the plant-based and agrifood sectors, aiming to create solutions that can enhance both the economy and society. By participating, you can collaborate with partners, tapping into the expertise of others in the industry to elevate your projects.

You can receive financial support through grants, giving you the necessary resources to develop your AI technologies without the pressure of immediate repayment. This funding allows you to invest in the tools and talent needed to drive your initiatives forward.

Moreover, getting involved positions your business as part of a growing movement to make Canada a global leader in AI applications. This is a fantastic chance to not only innovate but also to contribute to a larger goal that benefits the community and the economy as a whole.