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Innovate BC Ignite Program

July 8, 2024

Value

Maximum of $300,000 (CAD) over a 3-year maximum project duration.

Description

The Ignite program aims to provide academic and industry consortiums or project partnerships with the opportunity to accelerate their innovations towards commercialization, to help solve known industry problems and provide significant economic, environmental, social and/or health benefits to British Columbians.

Eligible Applicants

This program is open to proposals for market-driven, industry and academic collaborative research and development projects, which will result in a commercialized application. Applicants must provide evidence that:

  • The project will solve a significant demonstrated problem faced by industry; commercial research that solely benefits one company and does not solve broader industry challenges does not qualify.
  • They have formed a collaborative arrangement between academic and industrial partners so that the project has the right managerial, business planning, financial, strategic, and technological capacity.
  • The project is based on science or technology in the areas of natural resources and applied sciences.
  • The innovation is at a minimum of Technology Readiness Level (TRL) of 3, as defined by Innovation, Science and Economic Development Canada.
  • The innovation is new or novel to British Columbia and benefits British Columbia.
  • The innovation will be commercialized within 3 years of the start of the project.
  • The innovation has long-term economic sustainability (i.e. profitability).
  • The innovation is likely to be adopted broadly, having national and/or global market potential.

Eligible Expenses

Ignite funds research and development-related expenses incurred by the industry and academic collaborators
required to commercialize an innovation. Examples of eligible costs include, but are not limited to:

  • Salaries/stipends for research and development technical personnel;
  • Materials, supplies and equipment directly related to the scientific or technical research and development work necessary for advancing the innovation towards commercialization (e.g., prototyping, scale-up, product refinement, validation studies, etc.);
  • Necessary activities specifically related to technology transfer and commercialization (e.g., sharing of patenting and licensing fees with university, consulting fees for IP strategy, etc.);
  • Travel and accommodation for collaborative purposes;
  • Up to 10% of the Ignite funding request for indirect administrative costs (e.g., university and/or industry overhead).

Deadline Date

Deadline to submit application: July 8, 2024.

Contact

Contact Name: Innovate BC

Phone Number: 604.335.2495 or 1.800.573.0488

E-mail Address: info@innovatebc.ca

Website: https://innovatebc.ca/what-we-offer/get-funding/ignite/

Industry:

Employment, University Partnerships

Location:

British Colombia

Tags:

Innovation, R&D

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