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Development and Commercialization Fund

Grants to Prince Edward Island Businesses to Bring
New Products Into Full Commercial Development

Agency Type:

State

Funding Source:

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Innovation PEI

Deadline Date:

01/22/16

Description:

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Grants of up to $80,000 to Prince Edward Island businesses that are in the final stages of developing a new product or service, for financial support to move their product beyond the pilot stage and into full commercial development. Proposed projects must:

- Commercialize a product, service, or process that demonstrates a high level of innovation and potential for market uptake.

- Fit clearly within the bioscience, value-added food, ICT, aerospace, professional services, advanced manufacturing sectors or advanced marine technologies.

- Disclose and address any potential ethical considerations regarding use of human subjects, potential impact on the environment, etc.

- Outline the potential gain (or use) of any intellectual or material property.

- Create a positive economic impact for the Province (jobs, economic spin-offs, etc.).

GrantWatch ID#:

GrantWatch ID#: 167020

Estimated Size of Grant:

Approved projects are eligible for up to 50% to a maximum of $80,000 in funding for expenses directly tied to the approved project.

Additional Eligibility Criteria:

Applicants must:
- Be from the private sector, industry associations, or academia (federal and provincial government departments, agencies, or crown corporations are not eligible to be primary applicants).
- Reside or be incorporated in Prince Edward Island.
- Demonstrate capacity to meet project outcomes as evidenced through appropriate experience, education and training, or partnerships.
- Be majority owners of their business or lead researchers on their project.

Eligible Use of Funds:
Eligible expenses include salaries, direct material, sub-contracting services, and equipment costs of up to $25,000. Indirect costs and in-kind labour can total no more than 20% of direct costs.

Ineligible Use of Funds:
Ineligible costs include insurance, phone lines, internet charges, goodwill, property tax, and other taxes (these lists are not exhaustive). This will not cover expenses incurred before the application deadline.

Eligible activities may include (but are not limited to):
- Final stage product or process testing and refinement.
- Intellectual property development/protection.
- Development of a marketing strategy.
- Nutritional/Compositional analysis.
- Modifications to production facilities.
- Commercialization activities.

Other Considerations for Eligibility:
- Applications should not be dependent on an existing project. If a project is cost-shared with another organization, the applicant should ensure compliance with all funding sources when establishing budgetary requirements for the project.
- Applicants who have received previous provincial government funding will have to provide additional information to clearly differentiate project activities and results.
- Applicants may submit one application for each round of funding. If an applicant submits more than one application, all applications will be disqualified from the competition.
- Applicants in arrears with any Government Department or Crown Corporation will be disqualified.
- Provincial government employees are ineligible as applicants.

Pre-Application Information:

Timeline:

Intake Deadline: January 22, 2016
Assembly of Peer Review Committee: Week of February 16, 2016
Peer Review Committee Meeting: Week of February 29, 2016
Notification to Applicants: Week of March 21, 2016

Applications are attached below in both MS Word and PDF formats.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Heather Rossiter, MBA
Phone: (902) 368-5125
Email: hlrossiter@gov.pe.ca

94 Euston Street, PO Box 910
Charlottetown, PE
C1A 7L9

URL for Full Text (RFP):

Geographic Focus:

Canada: Prince Edward Island;

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