What Can the NovaScience Program Fund? Discover Eligible Expenses
The NovaScience Program — Support for the position of innovation and commercialization manager is an excellent opportunity for organizations in Quebec to enhance their innovation capabilities. This initiative specifically supports the creation of strategic roles focused on innovation and commercialization, providing financial assistance to eligible organizations.
Program Funding Overview
The NovaScience Program is designed to help organizations create positions that drive innovation and commercialization. By funding these roles, the program aims to foster a culture of innovation and support the commercialization of new ideas and technologies within Quebec. For full eligibility details, consult the complete program guide.
Funding Amounts and Rates
The NovaScience Program offers financial support for various costs associated with hiring an innovation and commercialization manager. The funding generally covers a portion of the salary and may include additional support for related expenses. To understand the precise funding amounts and calculations, visit the complete program guide.
Eligible Expenses
The program covers a range of expenses that are essential for establishing and maintaining the role of an innovation and commercialization manager. Key eligible expenses include:
Salaries and Wages: A portion of the manager's salary directly related to their role in innovation and commercialization.
Training and Development: Costs associated with professional development activities that enhance the manager's skills in innovation management.
Consulting Fees: Fees for external consultants who provide specialized expertise necessary for the manager's role.
Office Equipment and Supplies: Equipment and supplies directly used by the manager to perform their duties effectively.
For a comprehensive list of eligible expenses, refer to the complete program guide.
Ineligible Expenses
Certain expenses are not covered under the NovaScience Program, including:
General Overhead Costs: Expenses not directly linked to the role of the innovation and commercialization manager.
Non-Project Related Salaries: Salaries for positions not directly involved in innovation or commercialization activities.
These restrictions ensure that funding is allocated efficiently. Detailed information on ineligible expenses can be found in the complete program guide.
Expense Documentation Requirements
To receive funding, organizations must provide thorough documentation of all expenses. This includes:
Invoices and Receipts: Proof of payment for all eligible expenses.
Payroll Records: Detailed records indicating the salary costs covered by the program.
Consultant Contracts: Agreements with external consultants outlining their role and costs.
Maintaining accurate records is crucial for compliance and verification purposes. For more on documentation requirements, consult the complete program guide.
Conclusion
The NovaScience Program offers substantial support for organizations aiming to enhance their innovation capabilities by funding key roles. By understanding what expenses are covered, organizations can effectively plan and maximize their funding opportunities. For detailed guidance and the most current program information, refer to the complete program guide.
