Technology Leadership │Protein Industries Canada

For a project to be considered eligible for investment, it must:

• Be submitted by a consortium of at minimum three (3) Protein Industries Canada members, at least one of which is a Small or Medium Enterprise (SME) as defined by Statistics Canada as a business with 499 or fewer employees.
• A consortium may include academic or research institution(s). This is not mandatory but is encouraged.
• Each member of the consortium must contribute to the project in a meaningful way. This is generally through a financial commitment and activities in the workplan, but could also be providing IP or market expertise etc.
• At least two members of the consortium must contribute financially to the project. Protein Industries Canada will reimburse up to 45 per cent of eligible costs of approved projects.
  • It will be up to the consortium members to determine the amount and nature of their respective contributions. The contribution of each consortium member does not need to be equal.
• At least two partners must be Canadian companies or multi-national corporations who are legally entitled to do business in Canada with a significant Canadian business operation. Non-Canadian entities can participate in a consortium, based on approval by Protein Industries Canada.
• The project must be aligned with the objectives of Protein Industries Canada and the Global Innovation Cluster initiative.
• All Projects are required to pay a four per cent (4%) project administration fee to Protein Industries Canada. This fee will be calculated at four per cent (4%) of the total eligible reconciled project costs to a maximum of two times Protein Industries Canada contribution.
• The initiative must be incremental to the regular business of the participating organizations, meaning that the project:
  • Is not approved nor in progress and that financial commitments to it are distinct from investments that would have otherwise occurred;
  • Would not be possible without the participation of consortium partners;
  • Is new or would not be undertaken at the same scope or scale without the co-investment provided by the Cluster.
• At least one consortium member should represent a target customer or user of the new
  technology solution.
• All projects must have experienced and proven project management capabilities for complex, multi-party collaborative initiatives.
• All Ultimate Recipients must be compliant with all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the Government of Canada.
• The project cannot be a “designated project” or a “project” under the applicable federal environmental and impact assessment legislation.