How much funding can be received?

Your not-for-profit organization could get a financial contribution to assist businesses at all stages of development in scaling up and becoming more globally competitive. Investments focus on enhancing business support networks for under-represented groups.

grant_single_labels|terms_and_conditions

This grant provides funding that supports the development and expansion of regional innovation ecosystems through targeted investments. Funding is structured to encourage collaboration and ensure effective resource allocation throughout the duration of projects.

Non-repayable funding is provided in periodic reimbursements based on claims for eligible incurred and paid project costs.
Recipients must have secured non-PacifiCan funding to cover at least 50% of project costs before applying.
Disbursement of funds requires proof of eligible expenses and may cover up to 100% of these costs.
Funding contributions may be repayable if aligned with commercial projects undertaken by not-for-profit or for-profit organizations, depending on project risk-sharing arrangements.
Recipients are required to submit periodic progress reports and claims information as outlined in standard Contribution Agreements with PacifiCan.

grant_single_labels|projects

The activities eligible for this grant are geared towards enhancing regional innovation infrastructures, supporting business scale-up, and increasing productivity across various sectors. The projects also aim at fostering inclusivity among historically under-represented groups in the innovation landscape.

Technology commercialization, including the development and expansion of facilities for specialized business services and innovation.
Business scale-up efforts focusing on market development, export promotions, and identifying global demand changes.
Productivity improvement through technology transfer, new technology implementation, and market entry strategies.
Ecosystem capacity building, involving strategic business alliances and sector-specific strategy development to tackle scale-up barriers.
Business acceleration and incubation, providing support for start-up creation and growth, including business planning and market strategy development.

grant_single|admissibleProjectsExample

$ 130,000

Building ecosystem capacity to support women entrepreneurs

$ 230,000

Creating a business acceleration program for Indigenous entrepreneurs

$ 300,000

Improving productivity through digital transformation in a healthcare cooperative

$ 300,000

Increasing manufacturing productivity in a sustainable apparel company

$ 200,000

Developing a commercialization strategy for renewable energy solutions

$ 250,000

Establishing an incubator for tech startups focusing on AI solutions

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed activities.

Applicants must be non-profit organizations that support businesses, innovators, and entrepreneurs for start-up, growth, productivity, technology commercialization, technology adoption, export, and investment attraction.
The applicant must be one of the following entities: post-secondary educational institutions, business accelerators and incubators, angel networks, Indigenous organizations, Indigenous-led not-for-profit organizations, Indigenous-owned businesses, social enterprises, a group of eligible recipients such as an industry association or consortium, or a municipality and all other municipal-type organizations.
All applicants must be legal entities capable of entering into legally binding agreements.

grant_eligibility_criteria|who_can_apply

RIE is open to not-for-profit organizations that support businesses, innovators, and entrepreneurs focusing on start-up, growth, productivity, technology commercialization, adoption, export, and investment attraction. Eligible applicants include:- Post-secondary educational institutions.- Business accelerators and incubators.- Angel networks.- Indigenous organizations, including Indigenous-led not-for-profit organizations and Indigenous-owned businesses.- Social enterprises.- A group of eligible recipients such as an industry association or consortium.- Municipalities and all other municipal-type organizations.All eligible applicants must be legal entities capable of entering into legally binding agreements.

grant_eligibility_criteria|who_cannot_apply

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

grant_eligibility_criteria|eligible_expenses

The grant is tailored to bolster regional innovation ecosystems in British Columbia by addressing specific challenges, opportunities, or market needs related to business scale-up and productivity. Eligible activities primarily focus on sectors such as technology commercialization, business scale-up, productivity improvement, ecosystem capacity building, and business acceleration and incubation.

Enhancing business innovation efforts and establishing, expanding, or modernizing facilities to provide specialized services for businesses.
Supporting entrepreneurship development and business support in market development, export, and investment attraction.
Facilitating technology transfer and adoption for new industrial applications and market entry.
Developing strategic business alliances within specific sectors or clusters and identifying barriers to scale-up and productivity enhancement.
Providing supports for entrepreneurs to create and grow start-up companies, including expert mentors and specialized equipment.

grant_eligibility_criteria|zone

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

grant_single_labels|criteria

To be considered for the Regional Innovation Ecosystems program in British Columbia, projects are evaluated based on their ability to meet certain key criteria aligned with the program’s goals.

Alignment with one or more of PacifiCan’s priorities, including cluster growth or inclusiveness.
Strong market or industry demand indicating the project addresses a significant gap or necessity.
Measurable economic benefits for the British Columbia region.
Effective governance measures and a competent management team in place.
A robust and justified rationale for the project’s implementation.
Financial sustainability demonstrated through financial statements.
Leveraged funding secured from provincial governments, the private sector, and other non-government sources, typically at least 50%.
Confirmed non-PacifiCan funding with written proof.

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Contact PacifiCan
- Send an inquiry email to info@pacifican.gc.ca for guidance and initial discussion.
- Contact a local PacifiCan office to express interest and discuss your project idea.
Step 2: Develop a Project Proposal
- Outline the project objectives and align them with PacifiCan’s priorities.
- Provide a strong rationale and demonstrate market demand for the project.
- Prepare financial statements proving financial self-sustainability.
- Gather evidence of confirmed non-PacifiCan funding with written proof such as bank statements or letters of intent.
Step 3: Compile Required Documentation
- Compile a comprehensive proposal package including financial plans, governance structures, and team information.
- Ensure documentation demonstrates measurable economic benefits for British Columbia.
- Confirm alignment of the project with either Cluster growth in specified sectors or inclusiveness for underrepresented groups.
Step 4: Submit Application
- Submit the complete application package to PacifiCan.
- Ensure all forms are filled accurately and all supporting documents are included.
Step 5: Await Funding Decision
- Wait for PacifiCan’s decision, which is typically delivered within 90 business days for 90% of the applications.
Step 6: Post-Acceptance Steps
- If approved, sign the Contribution Agreement outlining obligations and funding terms.
- Attend the orientation process for understanding disbursement and reporting requirements.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

PacifiCan's service standard is to provide a funding decision to a client within 90 business days (90% of the time) of receiving a complete funding proposal.
Successful applicants will sign a standard Contribution Agreement with PacifiCan, which outlines the obligations of the funding recipient.
Funding is provided through periodic reimbursements based on submission of claims for eligible project costs.
Potential funding recipients must secure all non-PacifiCan requested project financing (typically, at least 50%) before applying.
Non-PacifiCan funding should be confirmed with written proof such as letters of intent or current bank statements.
Projects may vary in duration, typically ranging from a few months to 3 years.
Reporting includes periodic progress reports at least twice per year.
Contributions to commercial projects with not-for-profit organizations or any project with for-profit organizations are typically repayable.

grant_single_labels|contact

info@pacifican.gc.ca

1-888-338-9378

Apply to this program

Driving Innovation in British Columbia's Regional Ecosystems

The Regional Innovation Ecosystems (RIE) program in British Columbia, delivered by PacifiCan, provides crucial financial support to not-for-profit organizations that nurture and grow regional innovation networks. This program is particularly focused on fostering inclusivity by supporting underrepresented groups such as women, Indigenous peoples, and young entrepreneurs to thrive in the innovation economy.

In-Depth Understanding of RIE's Strategic Role and Opportunities

The Regional Innovation Ecosystems (RIE) program is a significant initiative by PacifiCan aimed at enhancing the competitive edge of British Columbia's industries through targeted investments in regional clusters and networks. As part of Canada's broader Innovation and Skills Plan, RIE's strategic mission is to establish innovative hubs that leverage regional strengths, promote commercialization of new technologies, and ultimately drive global competitiveness of local companies. The focus on cluster growth is aligned with priority sectors such as clean technology, advanced manufacturing, and digital technology, creating synergies between businesses, research institutions, and innovation actors.

PacifiCan's approach through the RIE program is multifaceted, aiming not only at advancing technological capabilities but also at empowering traditionally underrepresented groups, which is crucial for fostering an inclusive innovation ecosystem. This inclusivity drive ensures that women, Indigenous peoples, and young entrepreneurs can access the resources and support needed to launch and grow high-potential ventures. It's an effort that extends beyond economic metrics to incorporate social equity into the fabric of innovation policy, supporting diverse participants in contributing to and benefiting from economic growth.

The program supports initiatives that include enhancing the capabilities of business accelerators and incubators, which are the backbone of entrepreneurial development. By offering services such as expert mentoring, strategic business advice, and shared facilities, these organizations help startups navigate the early stages of business growth and scale-up. Projects that use RIE funding to create and expand these services cater not just to fostering new businesses, but to building sustainable ecosystems that encourage ongoing innovation and economic dynamism.

Furthermore, RIE's framework accommodates the nuances of modern productivity improvement practices. By supporting technology adoption, these projects help industries position themselves better in the global market, which is particularly important for businesses aiming to innovate and expand beyond Canadian borders. In practical terms, this could mean equipping companies with advanced technology tools that not only improve their operational efficiencies but also amplify their potential to meet international market standards and requirements.

For not-for-profit organizations seeking to apply, understanding the economic landscape and demonstrating alignment with RIE's strategic priorities is key. They must ensure their projects show strong market or industry demand, significant economic benefits to British Columbia, and substantial collaboration potential with other stakeholders. Applications are strengthened by having a solid governance structure and a demonstrable track record of leveraging partnerships and funding from various sources, including provincial governments and private entities.

In essence, the RIE program is not just a funding channel but a comprehensive strategy that embeds innovation into the regional economic framework, ensuring BC's long-term growth and prosperity. It is a catalyst for transformative change, compelling regional actors to collaborate more closely and innovate more boldly. The program, with its meticulous alignment with provincial and federal economic goals, stands as a beacon for others to emulate, demonstrating how targeted government interventions can effectively stimulate regional innovation, inclusivity, and economic dynamism.