Atlantic Innovation Fund — Universities, Colleges and Research Institutions

📋 Eligible Entities - Universities in Atlantic Canada (Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador) - Colleges in Atlantic Canada - Research institutions in Atlantic Canada - Public research organizations based in the Atlantic region - Must be not-for-profit entities focused on research and education - Eligible institutions must have established research capacity and infrastructure ### 💰 Funding Details - Maximum contribution: Up to $3 million per project - Form of funding: Non-repayable contribution (grant) - Cost-sharing requirement: Typically 50% cost-sharing expected from eligible partners or institution - No repayment obligation: Funds do not need to be returned - Funding covers: Direct eligible project costs ### 🛠️ Approved Expenses - Salaries and wages for researchers, technicians, and project staff dedicated to the project - Equipment and instruments required for technology development - Materials and supplies for research and prototyping - Contracted services from eligible partners or external consultants - Travel expenses directly related to project activities - Technology development and commercialization activities - Intellectual property protection (patents, trademarks) - Direct project administration costs (reasonable overhead) ### ⚠️ Conditions & Milestones - Commercialization focus: Project must demonstrate strong potential for commercialization and economic benefit to Atlantic Canada - Partnership requirement: Collaboration with industry partners or commercialization partners is strongly encouraged - Progress reporting: Regular progress reports and milestones must be met throughout project duration - Intellectual property: Rights to intellectual property must be addressed in the project agreement - Eligible timeline: Project must have defined start and end dates (typically 2-4 years) - Documentation: Detailed project proposal, budget, timeline, and commercialization plan required - Accountability: Recipients must comply with contribution agreement terms and funding conditions - Regional benefit: Project must demonstrate economic benefit to the Atlantic region