Innovation Growth Program
MN, Canada
Funding for Innovative Projects in Manitoba
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 09, 2023
- grant_single|closingDateDecember 15, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
grant_single|grantors
- Government of Manitoba
- Department of Economic Development and Training (MN)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Your SME could get a 50-50 cost-shared grant up to $100,000 towards the development and commercialization of a new innovative product.
grant_single_labels|projects
There are eligible activities for the Innovation Growth Program grant:
- Building commercial scale prototypes
- Testing, trial runs in an operational environment
- Obtaining certification, and registering intellectual property
- Adapting commercially viable products for a new market
- Market development or expansion activities
- Commercial scale up activities, such as testing, obtaining certifications, packaging, translation, etc.
grant_single|admissibleProjectsExample
$17,500
Toronto
Certifying and registering IP for a new AI-driven healthcare app
$35,000
Winnipeg
Developing a commercial scale prototype of an electric snowplow
$22,500
Montreal
Adapting a smart home security system for international markets
grant_single_labels|admissibility
The Innovation Growth Program (IGP) provides cost-sharing assistance to Small and Medium-Sized Enterprises (SMEs) in Manitoba to commercialize new innovative products and processes, with a focus on reducing risks, accelerating growth, and strengthening financial positions.
- For-profit, taxable Canadian Controlled Private Corporations with a permanent establishment in Manitoba that pay at least 50% of total salaries and wages to Manitoba resident employees.
- Annual revenue of $15 million or less, or fewer than 100 full-time equivalent employees, including affiliates on a consolidated basis.
- Demonstrate owner investment of $25,000 in cash equity invested in the business prior to application.
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for the Innovation Growth Program grant in Manitoba, Canada. Eligible applicants include for-profit, taxable Canadian Controlled Private Corporations with a permanent establishment in Manitoba that pay at least 50% of total salaries and wages to Manitoba resident employees, with annual revenue of $15 million or less, or fewer than 100 full-time equivalent employees.
- For-profit, taxable Canadian Controlled Private Corporations with a permanent establishment in Manitoba
- Annual revenue of $15 million or less, or fewer than 100 full-time equivalent employees
- Demonstrate owner investment of $25,000 in cash equity invested in the business prior to application
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for the Innovation Growth Program grant in Manitoba. Specifically, not-for-profit organizations, professional practices regulated by governing bodies, businesses primarily earning passive income, and Crown corporations, municipalities, towns, or organizations owned or controlled by those groups are ineligible for this grant.
- Not-for-profit organizations
- Professional practices regulated by governing bodies
- Business operations primarily earning passive income
- Crown corporations, municipalities, towns, or organizations owned or controlled by those groups
grant_eligibility_criteria|eligible_expenses
The eligible expenses for this grant include costs related to building commercial scale prototypes, testing, obtaining certifications, adapting products for new markets, market development activities, commercial scale up activities, and internal labor costs for net new Manitoba employees.
- Legal fees associated with intellectual property registration
- Designing and building commercial scale prototypes
- Tools and molds
- Testing costs and certifications
- Third-party advisory or technical services
- Business to business tradeshows or events for securing distributors
grant_single_labels|criteria
There are evaluation and selection criteria for the Innovation Growth Program grant in Manitoba.
- Quality of The Project
- Market for the Innovation
- Management Capacity
- Commercialization Plan and Business Model
- Investments Secured
- Benefits to Manitoba
grant_single_labels|register
- Understand the eligibility requirements outlined for applicants.
- Evaluate if your company meets the eligibility criteria, such as being a for-profit, taxable Canadian Controlled Private Corporation with a permanent establishment in Manitoba.
- Complete the IGP Application Form in Word format.
- Gather necessary financial documentation such as the corporation's most recent T2 tax return, year-end Financial Statement, and proof of confirmed funding from all other sources.
- Ensure all required documents are included.
- Submit the electronic copy of the completed IGP Application by the closing date to the provided email address.
grant_single_labels|contact
ecdevprograms@gov.mb.ca
204-945-2475
Apply to this program
Grant Summary
The Innovation Growth Program (IGP) offers cost-sharing assistance to Small and Medium-Sized Enterprises (SMEs) in Manitoba for commercializing new innovative products and processes through non-repayable grants of up to $100,000 per project.
Understanding the Innovation Growth Program (IGP)
The Innovation Growth Program (IGP) in Manitoba is designed to support SMEs in commercializing innovative products and processes. This program aims to reduce the risks associated with bringing new products to market, accelerate business growth, create job opportunities, and enhance the province's economic development.
Under the IGP, eligible businesses can apply for non-repayable grants of up to $100,000 per project, with funding shared on a 50/50 basis. The program operates on a competitive basis, with quarterly intakes where only the strongest applications that align with program objectives are considered for funding.
Applicants must be for-profit, taxable Canadian Controlled Private Corporations with a permanent establishment in Manitoba, meeting specific revenue and employee criteria. The program supports activities such as building prototypes, obtaining certifications, market development, and commercial scale-up, with a focus on fostering innovation in the products or processes being developed.
Financial assistance from the IGP must be complemented by non-government sources, and project activities must be completed within one year of the application intake closing date. The program aims to drive economic growth, job creation, and market expansion while strengthening the financial position of Manitoba-based businesses.
Overall, the IGP provides a valuable opportunity for eligible SMEs in Manitoba to leverage government support, accelerate their innovation initiatives, and contribute to the province's economic development goals.