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
- Atlantic Canada Opportunities Agency (ACOA)
- Government of Canada
grant_single|status
grant_card_status|open
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Get a non-repayable contribution to develop a new technology-based product, process or service with strong potential for commercialization.
grant_single_labels|projects
There are several eligible projects and activities for the Atlantic Innovation Fund grant:
- Create and market new products and services that meet demands and global quality standards
- Adapt new technology to meet business needs or respond to market opportunities
grant_single|admissibleProjectsExample
$350,000
Ottawa
Create a mobile app for mental health support
$470,000
Toronto
Develop a smart home energy management system
$600,000
Montreal
Create a blockchain-based supply chain tracking system
grant_single_labels|admissibility
Eligibility Criteria:
- 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 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 (AIF) grant. Recipients NOT eligible for AIF funding include:
- Government organizations
- Non-profit organizations
grant_eligibility_criteria|eligible_expenses
Eligible expenses for the Atlantic Innovation Fund (AIF) include:
- R&D costs
- Salaries related to the project
- Equipment and materials directly tied to the project
- Consulting fees
- Travel costs related to the project
grant_eligibility_criteria|zone
Private-sector businesses, colleges, universities, non-government research organizations, and provincial Crown corporations are eligible for the grant.
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 a Project Concept Template and submit it to the ACOA office nearest you.
- This step initiates the application process.
- Provides a structured format to outline the project.
- Step 2: Once you have discussed your project with ACOA, complete and submit the Application for financial assistance.
- This step formalizes the application for funding.
- Involves detailing financial requirements and project specifics.
grant_single_labels|contact
1-888-576-4444
Apply to this program
Atlantic Innovation Fund Grant Summary:
The Atlantic Innovation Fund (AIF) supports businesses, research institutions, and post-secondary organizations in developing new products, technologies, and services to drive economic growth and competitiveness in Atlantic Canada.
Atlantic Innovation Fund Grant Overview:
The Atlantic Innovation Fund (AIF) administered by the Atlantic Canada Opportunities Agency (ACOA) is a vital program designed to foster innovation, research, and commercialization in the Atlantic region. This grant aims to empower businesses, co-operatives, universities, and research institutions to create and market novel products and services that meet global standards, adapt technology, and ultimately bolster key sectors and economic development.
Eligible recipients for AIF funding include private-sector businesses, post-secondary institutions, research organizations, and provincial Crown corporations. The projects seeking funding must have a substantial research and development component, with a clear path towards commercialization and market success. The AIF plays a crucial role in supporting the growth of traditional and emerging sectors in the region by providing financial assistance and guidance to turn innovative ideas into tangible products and services.
To apply for the AIF, applicants need to complete a Project Concept Template and submit it to the nearest ACOA office. Successful projects are those that demonstrate a strong potential for commercialization, market viability, and a significant positive impact on the economy of Atlantic Canada. By partnering with ACOA through the AIF, organizations can leverage resources, expertise, and funding to drive innovation, collaboration, and economic prosperity in the Atlantic provinces.
The AIF not only fosters R&D initiatives but also helps businesses and institutions stay competitive, adapt to market demands, and seize new opportunities. By encouraging the development of innovative products and services, the AIF contributes to job creation, sector growth, and the overall advancement of Atlantic Canada's economy. Through strategic investments and partnerships, the AIF acts as a catalyst for driving entrepreneurship, technology adoption, and sustainable economic development in the region.
Business impact stories from past AIF recipients showcase the success stories of companies like Celtx and Kinduct Technologies, highlighting how AIF funding has empowered them to introduce disruptive technologies and excel in their respective industries. These stories underline the transformative impact of the AIF in fueling innovation, enhancing competitiveness, and fostering economic growth in Atlantic Canada.
