Technology Sector

Research and Development

Amount:

$750,000.00

Type of Program:

Grants

Description:

The Department of Industry, Energy and Technology offers programs to support research and development projects for both commercial and non-commercial applicants. For commercial applicants, the Department of Industry, Energy and Technology supports projects that reduce the technical and financial risk of research and development projects where R&D is required to realize the commercial potential of innovative products, processes or services. For non-commercial applicants, the Department of Industry, Energy and Technology provides support through non-repayable contributions to academic and research institutions for the development and implementation of research and innovation projects for the long-term economic benefit of Newfoundland and Labrador.

Comments on Funding:

For commercial applicants, the maximum contribution to a project is normally 50% of the total eligible costs.
For non-commercial applicants, the program provides normally up to 50 percent of total eligible costs of a specific project, with a maximum investment of $750,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

be commercial,
be non-commercial (academic and research institutions),
propose projects that are technical in nature and lead to an incremental advance of an innovative product, process or service, if they are commercial applicants,
propose projects that must demonstrate industry relevance and have significant potential for economic impact in Newfoundland and Labrador, if they are non-commercial applicants.

Application Steps:

Applicants must submit the completed application form.

Documentation Needed:

No specific documentation has been identified.

Program Contact:

Research and Development

Nova Scotia First Fund

Amount:

No Fixed Amount

Type of Program:

Investment

Description:

The Nova Scotia First Fund provides financing for emerging venture-grade technology companies with high growth potential and attractive risk-return prospects. Target industries include information technology, life sciences, clean technology and ocean technology.

Comments on Funding:

The fund co-invests with institutional, private sector and angel investors from across Canada and beyond.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicant must be:

early stage companies,
emerging venture-grade technology companies with high growth potential and attractive risk-return prospects,
located in Nova Scotia.

Application Steps:

The applicant must:

present the founders of the company and the investment opportunity to Innovacorp's investment team;

if selected, present a pitch to Innovacorp investment team for the opportunity to have the deal recommended for further approval;

if selected, deliver a pitch to Innovacorp's investment committee;

if approved, sign the closing documents.

Documentation Needed:

No specific documentation has been identified.

Program Contact:

Investment | Innovacorp

Innovacorp Early Stage Venture Capital: Investment Process

What We Do For You

Information Technology Financing Assistance

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Information Technology Financing Assistance provides term financing for purchasing capital assets and operating capital for the business’s accounts receivable and inventory.

The assistance can take the form of:

1
intermediate term loans for purchasing capital assets,
2
operating lines of credit for purchasing inventory (based mainly on purchase orders and/or signed contracts/agreements) and for day-to-day operating costs such as marketing, travel, and human resource costs. Operating lines shall be repaid from sales and/or contract draws.

Comments on Funding:

Maximum financing generally is up to 80% of the purchase price or fair market value of the assets, whichever is less (intermediate term loans). The repayment terms are flexible and the maximum term for repayment is up to 10 years.

Up to 100% financing may be provided for inventory purchases and account receivables based on purchase orders and signed contracts/agreements (operating lines of credit).
There is an application fee of $250.00 or one-half (½) of one per cent of the amount of the loan proposed, whichever is greater.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant can be any person that :

carries on business, or intends to carry on business, in the province,
operates a business that earns at least 60% of revenue from software publishing, computer systems design and related services, the provision of on-line information services, or the manufacture of computer and peripheral equipment or related electronic components.

Application Steps:

No specific steps have been identified.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.
Published date: January 21, 2016

Program Contact:

Information Technology Financing Assistance

ChangeMaker Funding Program – Catalyst Funding

Amount:

$5,000.00

Type of Program:

Grants

Description:

Catalyst Funding supports entrepreneurs, companies, students and fail forward applicants with their early-stage market validation & engagement activities, including: market studies or surveys, travel to access potential markets or customers, hiring of expertise to assist with development of a business/financial model, any costs relating to connecting to the market or potential customers (web presence, marketing, etc.) provided that this is specifically related to validation and development of prototype or beta product required to test the market (only in special circumstances-limited).

Comments on Funding:

Funding is up to $5,000 for entrepreneurs, companies, NouLAB prototyping, up to $1,000 for students to test ideas and up to $5,000 for fail forward applicants.
Applicants are only eligible to be awarded total Catalyst Funding and Saint John TGF to a maximum of $5,000.
Funding awards are taxable.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be an entrepreneur, a company, student or a fail forward applicant with an idea to solve a real-world problem or issue with an innovative and disruptive technology or platform, or an innovative product or service, or an innovative approach or process, or a socially innovative, or ‘tech meets social’ idea, or something that has yet to be discovered or developed, or any combination of the above.
reside in New Brunswick or Prince Edward Island (subject to discretion of PDC Executive Board). In the case of corporations, the majority of shareholders must reside in the eligible province and the registered office must be in the eligible province. In the case of partnerships, the majority of partners and ownership must reside in the eligible provinces.
focus on the following key priority areas: Health & Wellness, Immigration & Retention, Poverty Reduction.
be PDC/New Brunswick Social Policy Research Network (NBSPRN)Program Participants or must be invited to apply.

ALL funding recipients are REQUIRED to participate in the Innovators' Jump Start Program.

Application Steps:

Applicants:

must submit the online application form,

who have been short-listed will be notified by email and will often be invited to a meeting to discuss and determine the terms of award,

will be asked to submit proof of residency for the company/entrepreneur, if successful.

Once due diligence is completed, a Letter of Award and Terms & Conditions Contract will be issued.

Documentation Needed:

Applicants must submit:

the online application form,
proof of residency for the company/entrepreneur, if the application is successful.

Funding recipients are required to provide interim and final progress reports.

Other Things to Note:

The ChangeMaker Funding Program is NOT about the funding. While the funding helps early-stage entrepreneurs and innovators test ideas and build sustainable business models, this program is designed to help build success through providing on-going support and opportunities.

The fail forward applicants are entrepreneurs and innovators who have experienced the failure of an idea or venture and they are ready to do an overhaul or pivot, or have an entirely new idea and are passionate about building a sustainable business. They are courageous entrepreneurs, whose ideas, dreams or ventures have failed (usually at least 4-6 months previously), who have learned from the experience, and who are committed to starting over.

Program Contact:

Catalyst $ | Changemaker

ChangeMaker Program

Policies - Catalyst Fund

FAQs for Funding Awards

Space Technology Development Program (STDP)

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

The Space Technology Development Program (STDP) provides funding to for-profit and not-for-profit organizations established and operating in Canada for projects that:

1
. reduce technological unknowns of future space missions, and
2
stimulate industrial innovation and strengthen core capabilities in order to increase industrial readiness and competitiveness of Canadian space companies.

Comments on Funding:

Funding will take the form of a grant, and will be provided for each open project opportunity.

When It Ends:

Ongoing

Deadline:

Specific deadline for each call for proposal

Eligibility:

Applicants must be:

for-profit and not-for-profit organizations,
established and operating in Canada.

Only for-profit organizations established and operating in Canada are eligible to be awarded non-repayable contributions.

Application Steps:

Specific application steps will be provided for each open funding opportunity.
Applicants must read the information of the call for proposals they are interested in.

Documentation Needed:

Application documentation is specific to each open funding opportunity.

Other Things to Note:

There is currently no open call for proposals. However, potential applicants who would like to discuss a specific project or innovative idea should contact pdts-stdp@asc-csa.gc.ca.

Date modified: 2021-05-27

Program Contact:

About the Space Technology Development Program (STDP)