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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
- Government of Canada
- Atlantic Canada Opportunities Agency (ACOA)
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
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
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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
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
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
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
Here are the steps to submit an application for this grant:
- Step 1: Complete Project Concept Template
- Fill out the Project Concept Template to outline your project idea.
- Submit the completed template to the nearest ACOA office for initial review.
- Wait for ACOA to confirm receipt and initiate a discussion about your project.
- Step 2: Application for Financial Assistance
- Engage in discussions with ACOA following the submission of your Project Concept Template.
- Complete the Application for Financial Assistance based on feedback and project specifics discussed with ACOA.
- Submit the completed application to the relevant ACOA office for processing.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
1-888-576-4444
