ACOA — Regional Homebuilding Innovation Initiative (REGI) ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) in Atlantic Canada's residential homebuilding supply chain - Manufacturing companies producing building materials, components, or products for residential construction - Construction-related businesses focused on residential sector - Companies located in Atlantic provinces (Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador) - Businesses must demonstrate operations in or direct supply relationships with the residential construction sector - Private for-profit corporations and partnerships engaged in homebuilding-related manufacturing or services ### 💰 Funding Details - Grant structure: Non-repayable contribution (grant funding, not a loan) - Funding size: Project-specific; varies based on scope and regional priorities - Cost-sharing requirement: Businesses typically required to provide matching investment (percentage determined per project) - No repayment obligation: Funds do not need to be returned if milestones are achieved - Budget allocation: Subject to ACOA regional priorities and available fiscal year allocations ### 🛠️ Approved Expenses - Manufacturing equipment and technology upgrades that improve efficiency in residential construction supply production - Research and development (R&D) for new homebuilding products, materials, or processes - Innovation initiatives advancing construction technology or manufacturing methods - Process improvements that enhance productivity in the homebuilding supply chain - Training and workforce development related to new manufacturing or construction techniques - Professional consulting services for technology adoption and innovation planning - Capital equipment purchases directly supporting manufacturing efficiency ### ⚠️ Conditions & Milestones - Regional focus: Projects must benefit Atlantic Canada's economic development and homebuilding sector - Innovation requirement: Activities must advance efficiency or innovation in residential construction - Reporting obligations: Recipients must provide regular progress reports and financial documentation - Milestone achievement: Funding may be disbursed in tranches tied to project completion milestones - Auditing: ACOA reserves the right to audit projects and verify fund usage - Timeline compliance: Projects must be completed within agreed timeframes