We understand that running a business comes with its share of challenges. This program allows you to form partnerships with top universities and colleges, giving you access to world-class expertise and state-of-the-art facilities. Collaborating with educational institutions means you can tackle complex problems and bring innovative solutions to life without the burden of additional financial pressure.

Joining forces with these institutions can help you validate your projects, build proofs-of-concept, and improve your processes. This support reduces risks, empowering you to confidently move forward with your ideas. Every business, regardless of size or revenue, can explore innovative avenues for growth.

By participating in this program, you open the door to valuable insights and practical support that can elevate your business. It’s a unique opportunity to enhance your offerings and drive your company forward, all while accessing resources that might otherwise be out of reach.

Type of Financing

This program offers grants to eligible businesses. A grant means you do not have to pay it back, making it an excellent option for funding your projects. Your business can receive a considerable amount to tackle complex problems and create innovative solutions.

Repayment Terms and Eligible Expenses

There are no repayment terms or interest rates tied to these grants. You can use the funds for a variety of purposes, including:

• Research and development
• Hiring specialized personnel
• Purchasing materials and equipment
• Validating your projects or processes

Restrictions and Fees

The funds cannot be used for general operating expenses, debt repayment, or marketing.

Moreover, there are typically no hidden fees associated with this program, which means you can access financing without unexpected costs. This straightforward approach helps you focus on growing your business without financial surprises.

• Location: Business must be located in Canada.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum number of employees required.
• Company Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications: None specified in the context provided.

When you form a partnership with a university, college, or health institution, your business gains access to top-notch expertise and state-of-the-art facilities. This means you can take on complex challenges and brainstorm innovative solutions using resources that might otherwise be out of reach. Whether you're looking to solve a specific problem, validate a project, or improve your processes, this collaboration can provide valuable insights and practical support.

The benefits don't stop there. By working with these educational institutions, you can build proofs-of-concept that could elevate your projects to the next level. This support can help you reduce risks and confidently move forward with your ideas. Plus, you’ll have the chance to tap into a pool of knowledge and creativity that can really drive your business forward.

Even better, the program is open to all sectors and types of businesses, large or small. There are no minimum or maximum revenue requirements, so your business is free to explore innovative avenues without added pressure. This is a unique opportunity to enrich your offerings and potentially unlock new avenues for growth.