Venture Growth & Corporate Innovation

To be eligible for this grant, companies must meet the following criteria:

• The company must be registered and operating within Canada.
• The company must be a small or medium-sized enterprise (SME) as defined by the relevant Canadian economic regulations.
• The proposed project or initiative must clearly contribute to economic growth or innovation.
• The company must demonstrate a need for financial support to complete the project successfully.
• Previous recipients of the grant must have fulfilled all reporting and project completion requirements for past funding.
• The company must adhere to all federal, provincial, and local regulations, including those related to employment and environmental standards.

Who is not eligible

There are certain types of companies that are not eligible for this grant:

• Companies involved in illegal activities
• Companies not registered in the specified region

Eligible expenses

Eligible expenses for this grant include:

• Research materials and supplies
• Travel and accommodation for conferences
• Publication fees
• Equipment essential for the research project

Eligible geographic areas

This grant is available to companies which are part of a designated innovation zone as defined by the funding body. Eligible geographical locations are chosen to foster innovation and economic development within these specific areas.

• Companies operating within designated innovation zones across Ontario.
• Businesses located in Alberta's economic revitalization regions.
• Organizations based in Quebec's tech development territories.

There are evaluation and selection criteria for this grant. The evaluation and selection criteria are as follows:

• Relevance of the project to the grant objectives
• Creativity and innovation of the proposed project
• Feasibility of project implementation
• Impact and sustainability of the project outcomes
• Budget justification and cost-effectiveness

Here are additional relevant details for this grant:

• Successful applicants may be required to participate in post-grant follow-up activities to assess the long-term impacts of their projects.
• Grants are subject to audit by funding authorities to ensure compliance with project objectives and financial integrity.
• Collaborative projects involving multiple stakeholders are encouraged and may receive preferential consideration.