Red Deer Polytechnic
Highlights
Partnering with universities, colleges, or health institutions through this program offers your business a unique chance to access world-class expertise, facilities, and intellectual property. This collaboration can help you solve complex problems, improve processes, and build proofs-of-concept. By working with top-tier institutions, you can validate your ideas and enhance performance, giving your business a competitive edge.
This program is designed to support businesses across all sectors in Red Deer, Alberta, with no restrictions on the number of employees or revenue. It’s a fantastic opportunity to leverage top-tier resources without needing a large budget. Imagine having access to cutting-edge research and facilities that can propel your business forward.
Why apply? The benefits are clear:
- Expert guidance to tackle your toughest challenges.
- Advanced facilities to test and develop your ideas.
- Intellectual property that can set you apart from competitors.
- Improved processes and performance to boost your business.
This program is accessible and straightforward, making it easier for you to qualify and start reaping the benefits.
Financing Details
Grant: The financing provided is in the form of a grant, which means it does not need to be repaid. This offers a significant financial advantage as it directly supports your project without the burden of future financial obligations.
Eligible Expenses: The grant can be used towards a variety of expenses related to forming partnerships with universities, colleges, or health institutions. This includes costs associated with research and development, building proofs-of-concept, improving processes and performance, and validating your projects within these collaborations.
Restrictions on Use of Funds: It is important to note that the funds cannot be used for non-project related expenses such as general overhead, unrelated business costs, or personal expenses. Ensuring that the grant is used strictly for eligible expenses is crucial for compliance.
Fees: There are no application or processing fees associated with this grant. This makes accessing the funds more straightforward and cost-effective, allowing you to focus more resources on your project.
Qualifications
- Location: Must be based in Canada.
- Business Type: Must be a small or medium-sized enterprise (SME).
- Partnership Requirement: Must form a partnership with a university, college, or health institution.
- Purpose: Partnership should aim to solve complex problems, build proofs-of-concept, improve processes and performance, or validate ideas.
- Revenue: No specific revenue requirements mentioned.
- Number of Employees: No specific employee count requirements mentioned.
Disqualifications:
- Location: Businesses not based in Canada.
- Business Type: Large enterprises or non-SMEs.
- Partnership Requirement: Businesses that do not form a partnership with a university, college, or health institution.
- Purpose: Partnerships not aimed at solving complex problems, building proofs-of-concept, improving processes and performance, or validating ideas.
Description
Partner with universities, colleges, or health institutions to access world-class expertise, facilities, and intellectual property. This collaboration can help your business solve complex problems, improve processes, and build proofs-of-concept.
By teaming up with these institutions, you can validate your ideas and enhance performance, giving your business a competitive edge. There are no restrictions on the number of employees or revenue, making it accessible to all businesses in Red Deer, Alberta.
This program is a fantastic opportunity to leverage top-tier resources without the need for a large budget. It’s designed to support businesses across all sectors, helping you innovate and grow.
Program Steps
Identify a Partner: Choose a university, college, or health institution to collaborate with. Research their expertise and facilities to find the best fit for your business needs.
Prepare Documentation: Gather the necessary documents for your application. You will need:
- A business plan outlining your goals and objectives.
- Proof of business registration.
- Financial statements for the last two years.
- A letter of intent from your chosen partner institution.
- Any relevant project proposals or concepts you wish to develop.
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately.
Submit Your Application: Send your completed application along with the required documentation to the program's designated contact.
Follow Up: After submission, follow up to confirm receipt of your application and inquire about the next steps in the process.
Prepare for Collaboration: Once accepted, work with your partner institution to outline the project scope and timeline. Be ready to engage actively in the collaboration.
