What Mitacs Accelerate Can Fund: Eligible Expenses and Opportunities
Mitacs Accelerate is a pivotal program designed to bridge the gap between academia and industry, providing funding for research and innovation projects across Canada. This program empowers organizations to collaborate with academic institutions, enabling the development of innovative solutions and the commercialization of research breakthroughs. By offering financial support, Mitacs Accelerate facilitates these collaborations, creating a fertile ground for knowledge transfer and skill development.
Overview of Mitacs Accelerate Funding
Mitacs Accelerate offers leveraged funding of $15,000 per four- or six-month internship, supporting the integration of post-secondary students and postdoctoral fellows into research projects. This funding covers a significant portion of the costs associated with research collaboration, enabling businesses to optimize their research and development (R&D) budgets. For complete details, visit the complete program guide.
Eligible Expenses
Mitacs Accelerate funds a variety of expenses crucial for the successful execution of research projects. Key areas include:
Salaries and Stipends: Funding covers stipends for students and postdoctoral fellows actively engaged in the research project.
Equipment and Materials: Costs related to essential equipment and materials required for conducting research are eligible.
Travel and Accommodation: Necessary travel expenses for research purposes, including fieldwork and conferences, are covered.
Consulting Fees: Fees for external consultants providing specialized expertise to enhance project outcomes.
For detailed expense categories and eligibility, see the complete program guide.
Ineligible Expenses
While Mitacs Accelerate covers a broad range of expenses, it does not fund:
Capital Expenditures: Such as building construction and major renovations.
Overhead Costs: Administrative overhead not directly tied to the research project.
Non-research Activities: Expenses unrelated to research objectives, like general marketing or sales efforts.
Funding Amounts and Disbursement
Mitacs Accelerate provides flexible funding options tailored to the needs of each project. The standard funding model requires an additional financial commitment from the partner organization. For current funding rates and detailed calculations, consult the complete program guide.
Examples of Funded Projects
Mitacs Accelerate has successfully funded diverse projects, such as:
Technology Development: Collaborations leading to the creation of new software tools or hardware innovations.
Environmental Research: Projects addressing sustainability challenges with practical, scalable solutions.
Healthcare Innovations: Initiatives developing new medical devices or treatment methodologies.
Conclusion
Mitacs Accelerate stands as a cornerstone for fostering innovation through strategic partnerships between organizations and academic institutions. By funding crucial research activities, it not only supports economic growth but also enhances Canada’s competitive edge in global innovation. For comprehensive program details and to explore how your project can benefit, refer to the complete program guide.
