Programme pour l’investissement dans le Nord — Volet Innovation

📋 Eligible Entities - Canadian businesses and enterprises operating in or serving Northern Canada - Private sector companies with demonstrated innovation capacity - Small, medium, and large enterprises (SMEs and larger) - Organizations partnering with research institutions or technology providers - Companies with projects rooted in Northern economic development priorities - Businesses located in designated Northern regions (specific provinces/territories as defined by the program) ### 💰 Funding Details - Maximum Grant Amount: $2,000,000 CAD per project - Cost Coverage: Up to 50% of eligible project costs - Funding Type: Contribution/Grant (non-repayable) - Implied Total Project Value: Minimum $4,000,000 to maximize full grant potential - Matching Requirement: Applicant must fund minimum 50% of project costs through own resources or other sources - No Loan Component: Funds do not require repayment ### 🛠️ Approved Expenses - Applied research and development (R&D) activities - Technology development and innovation activities - Demonstration project implementation and execution - Commercialization activities (bringing innovations to market) - Technology adoption and integration - Project management and coordination costs related to innovation initiatives - Personnel and salaries directly tied to R&D and demonstration activities - Equipment and infrastructure supporting innovation delivery ### ⚠️ Conditions & Milestones - Projects must demonstrate clear innovation components with commercial or Northern economic viability - Applicants must secure matching funds (minimum 50%) before or concurrent with grant approval - Project must include measurable milestones for R&D, demonstration, and commercialization phases - Regular reporting and progress documentation required throughout project lifecycle - Funds must be deployed within specified timelines (exact duration per program guidelines) - Demonstration and commercialization outcomes must be achieved and documented - Eligible expenses must be incurred after formal project approval - Recipients may be required to demonstrate Northern employment or economic impact benefits - Audit and compliance verification may be conducted