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Northern Industries Innovation Fund (NIIF) program │ Northern Development Initiative Trust (NDIT)

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Value

Rebate of up to 50% to a maximum of $50,000 per project.

Description

The Northern Industries Innovation Fund (NIIF) program provides incremental funding to support innovation projects that increase the competitiveness of local businesses in traditional industries across Northern B.C.

Eligible Applicants

All applicants must be located/headquartered within the Northern Development Initiative Trust region.

  • Privately owned
  • Incorporated
  • Less than 500 employees
  • Revenues less than $100 million
  • Registered non-profit organizations engaged in industrial activities
  • Post-secondary institutions working with a private sector partner or an applied research project with private sector implications
  • Community contribution companies

Priority is given to companies operating in the regions most impacted by the pine beetle epidemic.

Eligible Expenses

  • Capital expenditures
  • Direct third-party project labour costs, including travel
  • Innovative equipment for research trials monitored by National Research Council, FP Innovations or other agencies
  • Incremental third-party project management
  • Wages for direct project labour
    • Detailed time sheets must be kept for all employees working on the project and must include:
    • Employee’s name
    • Date(s)worked
    • Description of work
    • Hourly rate
    • Daily hours– must break out the number hours worked on the project versus hours not worked on the project
    • Overtime hours will only be eligible at the straight time rate
    • i.e. 4 hours of overtime can be claimed as 4 hours at the regular hourly rate
    • Paystubs and time sheets will be requested at Northern Development’s discretion
    • We highly encourage the use of the Staff Labour Expenses Template to track each employee’s time spent on the project.
  • CPP, EI, Pension (employer portion eligible to a maximum of 9.85%) related to direct project labour
    • We highly encourage the use of the Staff Labour Expenses Template to track these expenses.
  • Contractor fees
  • PST
  • Monetized donations (donated materials, equipment, or services from third parties) may be considered
    • When noting monetized donations in the budget and under other funding sources in the application form, applicants must attach confirmation of the committed donation(s)
    • Monetized donations must be documented once project commences and receipts must be obtained

Deadline Date

The Northern Industries Innovation Fund accepts applications on a continuous basis until the annual budget is committed. Northern Development's fiscal year is January to December. Applicants are encouraged to visit the official Northern Development website to verify specific details and guidelines, and to confirm current program availability.

Contact

Contact Name: Northern Development Initiative Trust

Phone Number: 250-561-2525

E-mail Address: info@northerndevelopment.bc.ca

Website: https://www.northerndevelopment.bc.ca/funding-programs/business-development/northern-industries-innovation-fund/

Industry:

Non-Profit, University Partnerships

Location:

British Colombia

Tags:

Businesses, Innovation, R&D, SMEs

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