Atlantic Innovation Fund — Private Sector Businesses
PE, Canada
Financial backing for technology R&D in Atlantic Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Professional, scientific and technical services
- Educational services
- Other services (except public administration)
grant_single|grantors
- Atlantic Canada Opportunities Agency (ACOA)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a conditionally repayable contribution to develop or adapt a technology-based product process or service with strong potential for commercialization.
grant_single_labels|projects
There are eligible projects for the Atlantic Innovation Fund grant. One of the key features is that projects must include an R&D element with strong potential for commercialization.
- Create and market new products and services that meet global quality standards.
- Adapt new technology to meet business needs or respond to market opportunities.
grant_single|admissibleProjectsExample
$280,000
Vancouver
Creating a renewable energy storage solution for residential use to minimize energy wastage
$200,000
Winnipeg
Development of a mobile app for mental health support targeting young adults
$250,000
Halifax
Developing a Smart Agriculture IoT System to optimize crop yield and reduce waste
$300,000
Toronto
Implementation of AI-driven medical diagnostic tools to improve patient outcomes
$325,000
Regina
Launch of a telehealth platform for remote healthcare services in rural areas
$150,000
Quebec City
Creating an advanced eCommerce platform for local artisans to reach global markets
grant_single_labels|admissibility
New products and services are key to a strong economy. The Atlantic Innovation Fund (AIF) supports businesses, co-operatives, colleges, universities, and research institutions by helping them create and market new products and services with potential for commercialization.
- Private-sector businesses
- Colleges, universities, and other post-secondary institutions
- Non-government research organizations
- Provincial Crown corporations
grant_eligibility_criteria|who_can_apply
Recipients eligible for Atlantic Innovation Fund (AIF) funding include:
- Private-sector businesses
- Colleges, universities and other post-secondary institutions
- Non-government research organizations
- Provincial Crown corporations
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for the Atlantic Innovation Fund grant. Companies that are not eligible include:
- Government departments or agencies
- Municipalities
- Individuals
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include but are not limited to:
- Research and Development costs
- Technology adaptation expenses
- Market research and commercialization costs
- Project-related overhead expenses
- Direct project costs for creating and marketing new products and services
grant_eligibility_criteria|zone
Private-sector businesses, colleges, universities, non-government research organizations, and provincial Crown corporations are eligible for the Atlantic Innovation Fund grant.
grant_single_labels|criteria
There are evaluation and selection criteria for the Atlantic Innovation Fund (AIF). Projects must be large-scale and include an R&D element with strong potential for commercialization.
- Projects must be large-scale and include an R&D element with a strong possibility for commercialization.
- Recipients eligible for AIF funding include private-sector businesses, colleges, universities, research organizations, and provincial Crown corporations.
grant_single_labels|register
- Contact ACOA Business Information Services for program details and assistance.
- Complete and submit a Project Concept Template to the nearest ACOA office for review.
- Upon confirmation of project receipt, fill out and submit the Application for financial assistance.
grant_single_labels|contact
1-888-576-4444
Apply to this program
Atlantic Innovation Fund
Overview of the Atlantic Innovation Fund
The Atlantic Innovation Fund (AIF) is a program established by the Atlantic Canada Opportunities Agency (ACOA) to support researchers and innovative businesses in developing new products and services for the market. The fund aims to foster collaborations between businesses, co-operatives, colleges, universities, and research institutions to create and market innovative solutions that meet global quality standards. Projects funded through the AIF must have a strong R&D component with the potential for commercialization.
Eligibility and Application Process
The AIF is open to private-sector businesses, colleges, universities, research organizations, and provincial Crown corporations in Atlantic Canada. To apply for AIF funding, applicants must complete a Project Concept Template and submit an Application for financial assistance to the nearest ACOA office. Projects must be large-scale and demonstrate a clear path to commercialization through innovative products or services.
Benefits and Impact
Successful recipients of AIF funding gain access to financial support to develop and market new products, adapt technology to business needs, and respond to market opportunities. The fund helps businesses stay competitive, grow traditional and emerging sectors, and build research-commercial partnerships. Through the AIF, Atlantic Canadians can seize economic opportunities, overcome challenges, and contribute to a stronger, more innovative economy.
How to Apply for AIF Funding
If you are interested in applying for the Atlantic Innovation Fund to support your research or business development project, contact ACOA Business Information Services for guidance and assistance. By following the application process and meeting the eligibility criteria, you can access the resources and funding needed to bring your innovative ideas to market and contribute to the economic growth of Atlantic Canada.
