How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Atlantic Innovation Fund — Private Sector Businesses?

Atlantic Innovation Fund — Private Sector Businesses is funded by Government of Canada, Atlantic Canada Opportunities Agency (ACOA)

What are Atlantic Innovation Fund — Private Sector Businesses's eligibility criterias?

Projects must be large-scale with an R&D element and strong commercialization potential. Eligible applicants include private-sector businesses, colleges, universities, non-government research organizations, and provincial Crown corporations.

Atlantic Innovation Fund — Private Sector Businesses

PE, Canada

Financial backing for technology R&D in Atlantic Canada

grant_single|update January 24, 2025

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Grant and Funding

grant_single|eligibleIndustries

Professional, scientific and technical services
Educational services
Other services (except public administration)

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Government of Canada
Atlantic Canada Opportunities Agency (ACOA)

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Get a conditionally repayable contribution to develop or adapt a technology-based product process or service with strong potential for commercialization.

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The Atlantic Innovation Fund (AIF) is designed to stimulate the development and commercialization of new technology-based products, processes, and services for Atlantic Canada's markets. Eligible projects are specifically those that blend research and development (R&D) efforts with a significant prospect of commercialization.

Creation and marketing of new products and services that align with global quality standards.
Adaptation of new technology to address business needs or explore market opportunities.

grant_single|admissibleProjectsExample

$ 150,000

Creating an advanced eCommerce platform for local artisans to reach global markets

$ 280,000

Creating a renewable energy storage solution for residential use to minimize energy wastage

$ 200,000

Development of a mobile app for mental health support targeting young adults

$ 250,000

Developing a Smart Agriculture IoT System to optimize crop yield and reduce waste

$ 300,000

Implementation of AI-driven medical diagnostic tools to improve patient outcomes

$ 325,000

Launch of a telehealth platform for remote healthcare services in rural areas

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Eligibility for this grant is determined by specific requirements that relate to the applicant's type and the nature of the project.

The applicant must be a private-sector business, a college, a university, another post-secondary institution, a non-government research organization, or a provincial Crown corporation.
The project must be large-scale and include a research and development (R&D) element.
The project should have a strong possibility for commercialization.

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Eligible applicants for the Atlantic Innovation Fund (AIF) include:- Private-sector businesses- Colleges, universities, and other post-secondary institutions- Non-government research organizations- Provincial Crown corporations

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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

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The Atlantic Innovation Fund supports projects that focus on innovative research and commercialization efforts. These initiatives are designed to develop new products and services and integrate new technology to adapt to market needs.

Creation and commercialization of new products and services that meet market demands and standards.
Adaptation and integration of new technology to fulfill business needs or respond to market opportunities.

grant_eligibility_criteria|zone

This grant focuses on companies within the Atlantic Canadian region including several specified provinces. Locations are chosen to bolster local development and innovation initiatives.

Nova Scotia
New Brunswick
Prince Edward Island
Newfoundland and Labrador

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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.

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Here are additional relevant details for this grant:

The grant supports projects with a strong possibility for commercialization and requires an R&D element.
Past recipients of this program can be researched on the Open Government Portal for insights.
ACOA provides business information services to assist with queries and application procedures.
Follow ACOA's social media channels for updates and more information about the fund.