SIF — Collaborations and Networks projects
Highlights
This program is designed for businesses like yours to foster innovation and collaboration. By applying, you can access significant funding to support large-scale projects and build strong networks with other industry leaders, research institutes, and academic institutions.
Why Apply?
- Substantial Funding: Receive financial support for collaborative projects, including industrial research and technology demonstration.
- Enhanced Collaboration: Strengthen ties between businesses, academia, and research bodies, enhancing your supply chain and innovation capabilities.
- Commercialization Pathways: Develop technologies with clear paths to commercialization in areas where Canada has a proven advantage.
Key Benefits
- Government-Backed Financing: Secure funding that is more reliable and potentially more favorable than other financing options.
- Project Management Support: As a lead applicant, you will manage the project and funding distribution, ensuring efficient use of resources.
- Sustainability: Contribute to the long-term sustainability of your network and projects.
Applying is straightforward, and if approved, your business will be well-positioned to lead in innovation and collaboration.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Industrial research activities aimed at developing new technology-driven products.
- Early-stage technology readiness level processes or services.
- Technology demonstration projects advancing new technologies into product-specific applications.
- Collaborative projects involving Canadian universities, colleges, research institutes, for-profit corporations, and not-for-profit entities.
Ineligible Expenses:
- Operational costs not directly related to the project.
- Marketing and sales expenses.
- Real estate purchases or lease payments.
- General administrative overhead not tied to the project.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be a not-for-profit organization incorporated in Canada.
Must be a for-profit corporation incorporated in Canada.
Disqualifications:
- None specified.
Description
This program offers your business a chance to receive significant funding for collaborative projects. You can get financial support to work on large-scale, innovative projects with other businesses and research institutions. This funding helps you develop new technologies and bring them to market.
You can use the money for:
- Industrial research to discover new knowledge.
- Early-stage research and development (R&D).
- Technology demonstration to develop new products.
The benefits include:
- Strengthening your supply chain.
- Building strong ties with universities, colleges, and research bodies.
- Enhancing your business's innovation capabilities.
The funding amount and conditions will be outlined in the Contribution Agreement. This agreement ensures you manage the project and funding properly, submit claims, and report on results. This program is a great opportunity to boost your business's innovation and growth.
Program Steps
Gather Required Documentation: Prepare the necessary documents to support your application. These include:
- Business plan
- Financial statements
- Project proposal
- Proof of incorporation
- Partnership agreements (if applicable)
- Letters of support from partners or collaborators
Develop a Project Proposal: Outline your project, including objectives, expected outcomes, and how it aligns with the program's goals. Detail the collaborative elements and the roles of each partner.
Create a Budget Plan: Prepare a detailed budget for your project. Include all costs and funding sources. Ensure your budget aligns with the program's funding conditions.
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately and thoroughly.
Submit the Application: Submit your completed application form along with all required documentation to the program's designated submission portal or address.
Follow Up: After submission, follow up with the program office to confirm receipt of your application and address any additional requirements or questions they may have.
Prepare for Review: Be ready to provide additional information or clarification if requested during the review process. This may include further details about your project or additional documentation.
Await Decision: Wait for the program's decision. If approved, review the terms of the Contribution Agreement and prepare to manage the project according to these terms.