Scaled Renewable Ocean Energy Program – Grant Brief ### 📋 Eligible Entities - Private sector companies (small, medium, and large enterprises) - Research institutions and universities - Non-profit organizations focused on ocean energy development - Consortiums and joint ventures involving multiple eligible partners - Indigenous organizations and enterprises - Organizations must be Canadian-based or have significant Canadian operations - Applicants should demonstrate expertise or capacity in renewable ocean energy or related sectors ### 💰 Funding Details - Grant Structure: Non-repayable contribution (grant-based, not a loan) - Funding Amount: Specific project budgets vary; typically ranges from $100,000 to multi-million dollar awards depending on project scope and phase - Cost-Sharing Requirements: Generally requires private sector or partner co-investment (typical matching ratios range from 25–50% depending on project type and organization size) - Eligible Costs: Typically covers up to 50–75% of eligible project costs for private companies; higher percentages may apply for research institutions and non-profits - Payment Structure: Funds disbursed based on milestones and deliverables; subject to financial reporting and project progress verification ### 🛠️ Approved Expenses - Research and development (R&D) of ocean energy technologies - Technology design, prototyping, and testing - Pilot and demonstration project implementation - Payroll for project-dedicated personnel (scientists, engineers, technicians) - Equipment and instrumentation purchases - Facilities and laboratory costs - Supply chain and manufacturing process development - Regulatory compliance and certification activities - Commercialization and scale-up planning - Market validation and feasibility studies - Environmental assessment and monitoring - Knowledge sharing and collaboration activities ### ⚠️ Conditions & Milestones - Project Timeline: Multi-year projects typically span 2–5 years, depending on technology readiness level - Key Milestones: Funding is released upon achievement of documented milestones and deliverables (e.g., prototype completion, testing results, commercialization gates) - Reporting Requirements: Mandatory quarterly and annual progress reports, financial statements, and detailed project documentation - **