Royal Alexandra Hospital
Highlights
This program is a fantastic opportunity for your business to innovate and grow. By partnering with top universities, colleges, or health institutions, you gain access to world-class expertise, facilities, and intellectual property. This can help you solve complex problems, build proofs-of-concept, improve processes, and validate your ideas. Imagine collaborating with McGill University to create sustainable packaging solutions or working with the University of Toronto to develop an AI-driven financial analytics platform. These partnerships can drive significant innovation in your business.
What's in it for you? The program offers unrestricted funding and accepts continuous intakes, meaning you can start your project whenever you're ready. This flexibility allows you to align the program with your business needs and timelines. The program is available across all sectors in Canada, making it a versatile and valuable opportunity for businesses like yours to grow and innovate.
Why should you apply? Being approved for this program means you can leverage cutting-edge research and development resources without the usual financial constraints. This can give your business a competitive edge, enabling you to bring innovative solutions to market faster and more efficiently. Plus, the eligibility criteria are straightforward, making it easier for your business to qualify and benefit from this incredible opportunity.
Financing Details
Grant: The program offers a non-repayable grant, meaning you won't need to pay back the funds provided you comply with the grant's usage guidelines.
Eligible Expenses: The grant covers a wide range of expenses associated with your project, including research and development, personnel costs, and the acquisition of new technology or equipment that is essential for your project.
Use of Funds: The funds must be used towards activities that directly relate to the project approved under the program. This includes costs incurred from collaborations with universities or health institutions for the development of innovative solutions or processes.
Restrictions on Use: The funds cannot be used for general operating expenses such as rent, utilities, or routine maintenance costs. Additionally, the grant does not cover expenses related to marketing or customer acquisition.
Fees: There are no application or processing fees associated with this grant. This ensures that all the funds granted can be fully utilized towards the advancement of your project.
Qualifications
Eligible Types of Companies:
- Small and medium-sized enterprises
- Startups and innovative businesses
- Non-profit organizations
Professional Development Experience:
- Must have relevant professional development experience
Research Excellence:
- Must demonstrate research excellence
Alignment with Grant Goals:
- Must align with the goals of the grant
Impact Potential:
- Must show potential for significant impact
Feasibility of the Project:
- Must present a feasible project plan
Alignment with Institution Priorities:
- Must align with the priorities of the partnering institution
Description
This program offers your business the chance to partner with top universities, colleges, or health institutions. By forming these partnerships, you gain access to world-class expertise, facilities, and intellectual property. This can help you solve complex problems, build proofs-of-concept, improve processes, and validate your ideas.
Imagine working with the University of Toronto to develop an AI-driven financial analytics platform, or collaborating with McGill University to create sustainable packaging solutions. These partnerships can drive innovation in your business, whether you're designing a new drug delivery system or launching an advanced telemedicine platform.
There are no conditions on the funding, and the program accepts continuous intakes. This means you can start your project whenever you're ready. The program is available across all sectors in Canada, making it a flexible and valuable opportunity for your business to grow and innovate.
Program Steps
Identify a potential university, college, or health institution to partner with for your project.
Develop a project proposal that outlines your innovative idea and how it aligns with the institution's priorities.
Prepare the appropriate documentation, which may include:
- Business registration documents
- Project proposal
- Financial statements
- Letters of support from the partnering institution
- Any relevant research or development plans
Submit your application through the designated program portal or contact point.
Await confirmation of your application status and any further instructions from the program administrators.
If approved, begin your project in collaboration with your chosen institution, utilizing their expertise and resources.