Commercialization, Consulting and Mentoring

Who is eligible?

Who is not eligible

This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward sectors that align with the program's strategic commercialization goals.

• Retail/Wholesale companies.
• Real Estate businesses.
• Government Services entities.
• Personal or Social Services organizations.
• Softwood Lumber industry participants.

Eligible expenses

This grant offers support for activities that aid the commercialization of new and innovative products, technologies, or processes, with a focus on market readiness and launch strategies. The eligible activities are centered around practical applications and validation in the marketplace.

• Field trials or focus groups to gather market feedback.
• Pilot production tests to refine the product before full-scale launch.
• Trial sells to gain initial market traction and adapt strategies as needed.
• Revised financial analysis or gap analysis to identify and address potential financial hurdles.
• Market launch plans to effectively introduce the product to the target audience.
• Development of targeted marketing and sales materials to support product launch.
• Creation of a product website to facilitate marketing and sales efforts.

Eligible geographic areas

This grant is targeted towards entities located within the Atlantic Provinces of Canada. Eligible geographical areas are specified to align with regional commercialization objectives.

• Businesses and institutions operating in New Brunswick.
• Organizations based in Nova Scotia.
• Entities registered in Prince Edward Island.
• Applicants located in Newfoundland and Labrador.

Additional points to consider for the CCM funding:

• The reimbursement will only occur after project costs have been fully paid and a comprehensive claim submitted by the applicant, highlighting the need for robust financial management throughout the project.
• A progress payment option is available mid-project to facilitate cash flow, provided proof of incurred costs and work completed is supplied.
• Consultants hired must not have existing ties with the applicant’s company, ensuring an unbiased perspective and guidance.
• Compliance with professional fee and travel cost guidelines set by the federal government is mandatory.
• Approved projects will require applicants to engage in follow-up program evaluations, ensuring long-term accountability and feedback on the commercialization outcomes.
• Applications are processed within four to five weeks, necessitating timely planning and documentation gathering by the applicant.
• The grant does not cover costs incurred prior to the submission date of the application, emphasizing the importance of strategic timing when applying for funding.
• The involvement of clean technology projects holds an advantage as they could qualify for a higher reimbursement rate, capped at $25,000.
• Organizations are encouraged to contact LearnSphere for specific guidance on activities related to testing and validation, ensuring all planned activities align with program objectives.
• Opportunities exist for applicants to receive tailored support in preparing for market entry, such as access to group learning activities.