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Atlantic Innovation Fund — Universities, Colleges and Research Institutions
PE, Canada
Funding for 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
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services
grant_single|grantors
- Government of Canada
- Atlantic Canada Opportunities Agency (ACOA)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a non-repayable contribution to develop a new technology-based product, process or service with strong potential for commercialization.
grant_single_labels|projects
This grant supports large-scale projects that involve research and development with a strong potential for commercialization. The activities focus on the creation and marketing of new products and services, as well as adapting technologies to meet business and market needs.
- Creation and marketing of new products and services that meet demands and global quality standards.
- Adaptation of new technology to respond to market opportunities or business needs.
grant_single|admissibleProjectsExample
$ 350,000
Create a mobile app for mental health support
$ 470,000
Develop a smart home energy management system
$ 600,000
Create a blockchain-based supply chain tracking system
grant_single_labels|admissibility
Eligibility for the Atlantic Innovation Fund grant is determined by specific requirements related to the type of organization applying.
- The applicant must be a private-sector business, including co-operatives.
- The applicant can be a college, university, or other post-secondary institution.
- Non-government research organizations are eligible.
- Provincial Crown corporations can apply.
grant_eligibility_criteria|who_can_apply
To qualify for AIF funding, eligible recipients 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 (AIF) grant. Recipients NOT eligible for AIF funding include:
- Government organizations
- Non-profit organizations
grant_eligibility_criteria|eligible_expenses
The Atlantic Innovation Fund supports projects that emphasize research and development with a focus on commercialization in Atlantic Canada. These activities aim to foster collaboration, innovation, and economic growth through new technologies and market-ready solutions.
- Creation and marketing of new products and services that meet global quality standards and market demands.
- Adaptation of new technologies to fulfill business needs or respond to market opportunities.
grant_eligibility_criteria|zone
The Atlantic Innovation Fund targets organizations located within the Atlantic Canada region. This aims to support the economic development and innovation capacity of these provinces.
- 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) grant:
- Projects must be large-scale with a strong possibility for commercialization and include an R&D element
- Recipients eligible for AIF funding include private-sector businesses, colleges, universities, non-government research organizations, and provincial Crown corporations
grant_single_labels|register
- Step 1: Complete Project Concept Template
- Obtain the Project Concept Template from the Atlantic Canada Opportunities Agency (ACOA).
- Fill out the template with detailed project information.
- Submit the completed template to your nearest ACOA office.
- Await contact from ACOA to confirm receipt and discuss the project further.
- Step 2: Submit Application for Financial Assistance
- Engage in a discussion with ACOA about your project based on the submitted concept.
- Once advised, complete the Application for Financial Assistance.
- Submit the finalized application to ACOA for consideration.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Business impact stories, such as those of Mark Kennedy and Chad House of Celtx, and Kinduct Technologies, highlight successful past recipients.
- To find past recipients and contributions of the AIF, the Open Government Portal site can be used where searches can be conducted using keywords like "AIF" or "Atlantic Innovation Fund."
grant_single_labels|contact
1-888-576-4444
