What the NovaScience Program Can Fund: Detailed Overview
The NovaScience Program — Support for the position of innovation and commercialization manager is a strategic initiative aimed at fostering innovation within Quebec organizations. By funding key roles in innovation and commercialization, the program seeks to bolster the region's competitive edge in research and development. This article provides a detailed overview of what the NovaScience Program can fund, helping you plan your project effectively.
Overview of the NovaScience Program
The NovaScience Program supports the creation of critical positions focused on innovation and commercialization within organizations. These roles are pivotal for driving new ideas from conception to market, thereby enhancing both the innovation landscape and economic growth in Quebec. For full eligibility details, consult the complete program guide.
Eligible Expenses
The NovaScience Program covers a variety of expenses associated with the role of an innovation and commercialization manager. These include:
Salaries and Wages: The program supports the cost of hiring personnel dedicated to innovation management.
Training and Development: Expenses related to the professional development of the innovation manager to ensure they are equipped with the latest skills and knowledge.
Consulting Fees: Costs associated with hiring external consultants to assist in developing and implementing innovation strategies.
For precise funding rates and amounts, please refer to the complete program guide.
Ineligible Expenses
While the NovaScience Program is quite comprehensive, certain costs are not covered, such as:
Operational Overheads: General administrative expenses not directly related to the innovation role.
Capital Expenditures: Large-scale investments in physical assets like buildings and machinery.
For a detailed breakdown of what cannot be funded, see the complete program guide.
Funding Amounts and Disbursement
The program offers substantial support, with specific funding amounts calculated based on eligible expenses. Funding is typically disbursed in phases, aligned with key project milestones. For detailed information on funding calculations and disbursement schedules, visit the complete program guide.
Conclusion
The NovaScience Program plays a crucial role in enhancing innovation capabilities within Quebec by supporting the strategic position of an innovation and commercialization manager. Understanding what expenses are eligible for funding can help your organization plan effectively and make the most of this opportunity. For comprehensive details and to ensure your project aligns with program criteria, consult the complete program guide.
