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FedNor’s Regional Innovation Ecosystems stream

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Value

Applicants are normally eligible to receive up to 75 percent of eligible and supported costs.

Description

The Regional Innovation Ecosystems (RIE) stream aims to create, grow and develop strong and inclusive regional ecosystems that support business growth and innovation, as well as the entrepreneurial environment necessary to foster more innovative regional economies and increase the competitiveness of small and medium-sized enterprises (SMEs).

Through this program, FedNor seeks to:

  • grow and sustain strategic clusters and consortia to leverage regional strengths and support businesses to scale up and commercialize innovative products, technologies and services.
  • enhance the development and reach of business accelerators and incubators, and other organizations, which support entrepreneurs, start-ups and innovative companies with high-growth potential.
  • support projects led by innovation-oriented organizations to increase and promote business productivity and global competitiveness, and investment and talent attraction.

Eligible Applicants

  • Not-for-profit organizations
  • Indigenous (First Nation/Métis/Inuit) communities and organizations
  • Municipalities and municipal organizations
  • A group of eligible recipients (e.g., alliance or consortium) that includes not-for-profit organizations, small and medium-sized enterprises, post-secondary educational institutions, industry associations

Eligible Expenses

Eligible costs include:

  • Project-specific cost of labour (e.g., wages and benefits) and of material used;
  • Capital costs: purchase of machinery, equipment and infrastructure;
  • Operating costs that are incremental, measurable and directly related to the project;
  • Professional, advisory and technical services fees;
  • Costs related to intellectual property;
  • Preproduction costs (e.g., technological development and commercial demonstrations);
  • Commercialization costs;
  • Costs related to expanding or maintaining markets;
  • Subcontracting costs;
  • Production and distribution of promotional material and management tools; and
  • Costs related to specialized services such as testing services, research and development services, technical or innovation services, sector development strategies in all markets and business networking.

Deadline Date

Open. Please click the link indicated below for update.

Contact

Contact Name: FedNor officers

Phone Number: 1-877-333-6673

Website: https://fednor.canada.ca/en/our-programs/regional-economic-growth-through-innovation-regi/regional-innovation-ecosystems

Industry:

Indigenous, Municipalities, Non-Profit

Location:

Ontario

Tags:

Businesses, SMEs, Start-up

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