Bioindustrial Innovation Canada
Canada
Strategic investment, advice and services for sustainable technologies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 21, 2023
- grant_single|grantStatusClosed
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Manufacturing
- Professional, scientific and technical services
grant_single|grantors
- Bioindustrial Innovation Canada (BIC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access critical strategic investment, advice and services to develop clean, green and sustainable technologies with the help of a network of sustainable chemistry clusters across Canada.
grant_single_labels|projects
This grant supports SMEs across Canada, focusing on businesses that drive sustainable and economic growth. Eligible companies are located within Canada to align with regional and national objectives.
- Companies located in Canada.
grant_single|admissibleProjectsExample
$90,000
Creating a recycling and waste management service for SMEs
$130,000
Establishing a community solar power initiative
$100,000
Investing in a startup to develop biodegradable packaging solutions
$200,000
Reducing CO2 emissions by establishing a green transportation network
$50,000
Creating a job training program to support sustainable agriculture
$120,000
Supporting an SME to develop renewable energy solutions
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's activities in sustainable technology development.
- The company must be engaged in the development of clean, green, and sustainable technologies.
- The company must demonstrate the potential to contribute to a net-zero carbon economy.
- The applicant should be involved in projects that reduce CO2 emissions or create sustainable economic value.
grant_eligibility_criteria|who_can_apply
The grant provided by Bioindustrial Innovation Canada targets emerging companies that are commercializing clean, green, and sustainable technologies to aid Canada's transition towards a sustainable, net-zero carbon economy.
- Companies involved in the development and commercialization of technologies that reduce CO2 emissions.
- Businesses interested in receiving strategic investments to facilitate technology commercialization.
- Enterprises seeking third-party investment to grow early-stage, eco-friendly projects.
- Small and medium enterprises (SMEs) across Canada focusing on sustainable development and innovation.
grant_eligibility_criteria|eligible_expenses
Projects eligible for this grant are expected to focus on the commercialization of clean, green, and sustainable technologies. These activities align with the transition towards a net-zero carbon economy and aim to create jobs while reducing carbon emissions.
- Commercialization of sustainable technologies that reduce CO2 emissions.
- Initiatives that support the transition to a net-zero carbon economy.
- Development of environmentally friendly technological solutions.
- Projects that foster job creation in clean technology sectors.
grant_eligibility_criteria|zone
Eligible geographic areas for this grant include:
- Canada
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria include:
- Impact on reducing CO2 emissions
- Creation of jobs in early-stage companies
- Amount of leveraged third-party investment
- Alignment with sustainable and net-zero carbon economy goals
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Preliminary Registration
- Visit the Bioindustrial Innovation Canada website to access the grant application portal.
- Create an account by providing your contact information and organization details.
- Confirm registration through a verification email.
- Step 2: Review Guidelines
- Download and review the grant guidelines and criteria available on the portal.
- Ensure your project aligns with BIC's objectives for a sustainable, net-zero economy.
- Step 3: Prepare Documentation
- Prepare a detailed business plan that outlines the technology, market analysis, and potential environmental impacts.
- Gather necessary financial statements and projections.
- Secure letters of support or partnership agreements, if applicable.
- Step 4: Complete Application
- Log into the grant portal and fill out the application form with accurate information.
- Attach all required documents, including your business plan and financial statements.
- Step 5: Submit Application
- Review the application package to ensure completeness and compliance with all requirements.
- Submit the application through the online portal before the specified deadline.
- Step 6: Confirmation
- Receive an email confirmation that your application has been received successfully.
- Save the confirmation email and keep it for your records.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- BIC has supported companies that have successfully reduced CO2 emissions by 1 million tonnes documented to date.
- BIC has leveraged $528,932 million in third-party investment to support early-stage companies.
- Over $355 million has been invested by BIC in early-stage companies.
- BIC actively assists SMEs in Canada with strategic investment and advisory services.
Apply to this program
Fostering a Greener Economy with Strategic Investments
This grant facilitates the development and growth of clean, green, and sustainable technologies by providing financial support to emerging companies aiming for a net-zero carbon economy. It leverages third-party investments to enhance the potential for creating economic value and job opportunities in Canada.
Empowering Sustainable Innovations Toward a Net-Zero Carbon Economy
The grant offered by Bioindustrial Innovation Canada is targeted towards businesses at the forefront of technology commercialization, particularly those contributing to the development of a sustainable, net-zero carbon economy. Established in 2008, the organization has been instrumental in providing not just financial backing, but also valuable strategic advice and services that aid business developers in scaling clean and green technologies.
One of the notable accomplishments attributed to this grant is the reduction of CO2 emissions by one metric tonne documented to date. This not only underscores the potential environmental benefits of supported projects but also highlights the grant's promise toward tangible results in carbon emission reduction. Through this initiative, supported companies have also been instrumental in creating numerous job opportunities, thereby addressing both environmental challenges and economic needs.
Bioindustrial Innovation Canada has a strong focus on fostering collaboration and co-investment from both national and international sources, as demonstrated by its partnerships and leveraged investments amounting to millions. These collaborative efforts significantly amplify the reach and impact of the grant, facilitating the development and commercialization of technologies that can operate at an international scale and contribute substantially to global environmental goals.
Further enhancing the grant's effectiveness is its strategic approach to investing in early-stage companies. This focus on early-stage investments ensures that innovative ideas receive the necessary support, allowing them to mature into fully-fledged commercial entities that afford economic and environmental benefits. The infusion of financial resources early in the development cycle fosters innovation and brings vital new technologies to market more quickly.
Aside from financial assistance, companies eligible for this grant benefit from comprehensive advisory and support service packages. These resources help guide businesses through technical challenges, regulatory hurdles, and market dynamics, thereby enabling them to achieve swift and successful commercialization. Such support ensures that these companies not only grow but are equipped to operate sustainably and effectively long-term.
On a broader scale, the grant aligns with Canada’s strategic priorities in reducing carbon emissions and fostering a sustainable economy. By focusing on SMEs, it taps into a crucial sector that is known for its agility and innovation potential. The grant ensures these entities have the support they need to bring groundbreaking new technologies to fruition.
In conclusion, through fostering innovative solutions and providing robust support to businesses, this initiative not only accelerates technological advancements in the green economy but also ensures these advancements create real and sustainable economic value. Companies that participate and benefit from these grants contribute significantly to a more sustainable future for Canada, potentially serving as global leaders in the fight against climate change.
