PacifiCan — Regional Economic Growth through Innovation — Regional Innovation Ecosystems

• A completed application submitted in the portal
• A detailed project cost breakdown entered in the RIE Project Cost Detailing Sheet
• Externally reviewed financial statements for at least 2 complete years
• A listing of project funding from all non-PacifiCan sources, with evidence of confirmed funding for each confirmed source

Who is eligible?

• Not-for-profit organizations that support businesses, innovators, and entrepreneurs in British Columbia
• For-profit entities only if they are Indigenous, part of a consortium, and/or their project's benefits are broadly distributed
• Legal entities capable of entering into a legally binding agreement
• Industry associations
• Municipalities or other municipal-type organizations

Who is not eligible

There are specific types of companies that are not eligible for this grant. Post-secondary educational institutions, Business Accelerator and Incubators, angel networks, Indigenous organizations, social enterprises, a group of eligible recipients such as an industry association or consortium, and municipalities are eligible, while for-profit companies are not eligible.

• For-profit companies

Eligible expenses

• Wages and benefits
• Purchase of machinery and equipment
• Operating costs directly related to the project, such as management fees or working capital
• Travel costs, such as trade missions to support commercial demonstrations or export sales
• Consultancy fees, intellectual property costs, subcontracting costs, and specialized services such as testing, research and development, technical or innovation services

Ineligible Costs and Activities

• Land and building acquisition
• Allowance for interest on debts
• Entertainment
• Refinancing of an existing debt
• Costs incurred before the project funding start date

Eligible geographic areas

The Regional Innovation Ecosystems program is specific to British Columbia and supports designated not-for-profit organizations and their initiatives. The funding aims to enhance and develop regional innovation across the province.

• British Columbia, Canada

• Alignment with PacifiCan priorities
• Measurable economic benefits for British Columbians and Canadians
• Strong market or industry demand
• Effective governance and an established management team
• Share of private investment relative to government assistance

• Review the eligibility requirements
• Review the applicant guide
• Complete the Project cost detailing sheet
• Contact PacifiCan with any questions
• Submit your application and supporting documents through the online application portal

• PacifiCan reimburses successful projects through claims submitted by the funding recipient
• Successful applicants will receive detailed instructions on the reimbursement process
• Funding recipients must submit regular progress reports and financial statements throughout the project

• PacifiCan's service standard is to provide a funding decision within 90 business days of receiving a complete funding proposal for 90% of applications.
• Successful applicants will sign a standard Contribution Agreement with PacifiCan.
• Funding recipients must submit regular progress reports and financial statements throughout the project, from implementation to the final results report.
• PacifiCan may request Global Affairs Canada to conduct trade risk assessments as needed, and the results contribute to PacifiCan decisions.