How much funding can be received?

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grant_single_labels|projects

There are various projects and activities eligible for this grant, including:

Research initiatives in the fields of sustainability and environmental conservation
Community development programs focusing on education and healthcare
Cultural preservation projects that promote local heritage

grant_single|admissibleProjectsExample

$160,000

Improvement of healthcare access in rural communities through telemedicine

$104,000

Preservation of indigenous cultural heritage through digital archiving

$200,000

Research on renewable energy sources to enhance sustainability

$176,000

Implementation of a smart irrigation system to improve agricultural sustainability

$144,000

Community program to improve educational outcomes in underprivileged areas of Vancouver

$120,000

Development of sustainable waste management solutions and educational programs

grant_single_labels|admissibility

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.

grant_eligibility_criteria|who_cannot_apply

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

grant_eligibility_criteria|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

grant_eligibility_criteria|zone

The grant covers only those expenses that are essential and justified as integral parts of the project implementation.

Personnel salaries directly involved in project activities.
Necessary equipment purchases required to meet project objectives.
Contractor and consultant fees for project-specific tasks.
Travel costs for project purposes, including fieldwork and meetings.
Project-related material and supply expenses.
Facilities rental fees for project activities.

grant_single_labels|criteria

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

grant_single_labels|register

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

Step 1: Preliminary Registration
- Create an account on the funding body's portal.
- Provide basic organization details to register your interest.
Step 2: Prepare Application
- Draft a detailed project proposal including objectives and expected outcomes.
- Compile supporting documents such as budgets, timelines, and letters of support.
Step 3: Submit Application
- Log into the funding body’s portal to upload all required documents.
- Complete the online application form and review for accuracy.
- Submit the application before the deadline.
Step 4: Confirmation of Submission
- Receive an automated confirmation email with your application number.
- Retain the confirmation for your records.

grant_single_labels|otherInfo

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.

grant_single_labels|documents

Venture Growth & Corporate Innovation

Apply to this program

Unlock Funding with the Canadian Business Innovation Grant

This grant offers essential financial support to businesses and organizations pursuing projects that align with Canada's strategic economic goals. It aims to enhance innovation and foster sustainable growth across diverse Canadian industry sectors.

In-Depth Understanding of the Canadian Business Innovation Grant

The Canadian Business Innovation Grant serves as a catalyst for fostering economic growth within the nation's key industry sectors, providing necessary funding tailored to supporting innovative projects that meet strategic economic prescriptions set forth by the Canadian government. This grant is accessible to a spectrum of enterprises, from burgeoning start-ups to well-established firms, with a strategic inclination towards assisting small and medium-sized enterprises (SMEs) - vital entities within Canada's economic scaffold. These SMEs often require support to overcome barriers in scaling their innovative solutions which in turn contribute significantly to national and regional economic sustainability.

The primary objective of this grant is to empower businesses to innovate and implement sustainable practices by providing them with financial resources that reduce the risks associated with research and development initiatives. Funds from the grant may be allocated towards myriad project expenses including technological innovations, advanced research, procurement of state-of-the-art equipment, or adoption of cutting-edge methodologies and systems that will bolster a business’s strategic position both domestically and internationally.

Additionally, recipients of the Canadian Business Innovation Grant not only benefit financially but might also gain privileged access to auxiliary support structures such as technical mentorship, comprehensive resources for educational purposes, and entry into expansive networks of strategic partners and experts. Such additional pathways serve to enhance the capacity of grant recipients, ensuring their projects are optimally resourced for impactful implementation and scalability.

The structural framework of the grant is crafted with flexibility in mind. While the funds allocated have designated purposes to maintain alignment with strategic goals, businesses are afforded the flexibility to tailor their project plans to adapt to unexpected market dynamics or innovative opportunities that emerge. This adaptability is crucial in maintaining project relevance and efficacy, invariably contributing to the potential upswing in commercial scalability and sustainability of the enterprise.

Successful applicants must denote adherence to stringent evaluation criteria focused on innovation, endurance and impact potential, project feasibility, and precision alignment with strategic national priorities. Such robust criteria ascertain that the grant is awarded to projects promising significant economic and social impacts, ensuring judicious use of public resources for maximum benefit.

In essence, the Canadian Business Innovation Grant represents a strategic opportunity for organizations aiming to infuse innovation into their business models and contribute to broader societal goals. Engagement in this grant program not only provides much-needed funding but also enlists businesses into a pathway focused on sustaining long-term growth and playing a part in the advancement of Canadian economic objectives. This strategic investment facilitates organizations in building a more innovative, robust, and globally competitive business environment in Canada.