What Can the Technology and Business Demonstration Fund?
The Technology and Business Demonstration program offers valuable financial support for organizations in Quebec to showcase electricity-saving technologies. This initiative by Hydro-Québec aims to promote innovative solutions that enhance energy efficiency across various sectors. Understanding what expenses are eligible under this program is crucial for applicants who wish to maximize their funding potential.
Overview of the Technology and Business Demonstration Program
The Technology and Business Demonstration (TBD) Program is a Hydro-Québec funding initiative designed to support projects that demonstrate the effectiveness of electricity-saving technologies. By doing so, it encourages the implementation of innovative solutions that contribute to energy conservation and sustainability. This program is particularly beneficial for businesses and organizations aiming to reduce their electricity consumption while showcasing their technological advancements.
Eligible Expenses
The TBD Program covers a range of expenses related to the demonstration of electricity-saving technologies. Eligible costs typically include:
Salaries and Wages: Compensation for employees directly involved in the project, including engineers and technical staff.
Equipment and Materials: Purchase or rental of equipment necessary for the demonstration project.
Consulting Fees: Costs for external consultants who provide expertise that is critical to the project’s success.
Research and Development: Expenses incurred during the research and development phase of the project.
For detailed information on eligible expenses and specific funding amounts, please refer to the complete program guide.
Ineligible Expenses
Certain expenses do not qualify for funding under the TBD Program. These typically include:
General Administrative Costs: Overhead costs not directly tied to the project.
Marketing and Sales Expenses: Costs related to the promotion of the technology.
Non-Essential Equipment: Equipment that is not directly utilized for the demonstration of the technology.
For a comprehensive list of ineligible expenses, consult the complete program guide.
Funding Amounts and Rates
The amount of financial support provided by the TBD Program can vary depending on the specifics of the project and its alignment with program goals. To understand the calculations and current funding rates, please visit the complete program guide.
Documentation and Claiming Process
To secure funding, applicants must provide thorough documentation of eligible expenses, including invoices and receipts. The claiming process requires accurate record-keeping and adherence to program guidelines. Detailed instructions and requirements are outlined in the complete program guide.
Conclusion
The Technology and Business Demonstration program offers substantial opportunities for organizations in Quebec to advance their energy-saving initiatives. By understanding the scope of eligible expenses and adhering to program guidelines, applicants can effectively leverage this funding to demonstrate the impact of their technologies. For a detailed understanding of the program, refer to the complete program guide.
