Mitacs Accelerate Grant Brief ### 📋 Eligible Entities - For-profit companies (private sector businesses of all sizes) - Small and medium-sized enterprises (SMEs) (primary target) - Large corporations (eligible but less commonly funded) - Self-employed individuals/Sole proprietors (with established business operations) - Co-operative businesses - Not-for-profit organizations (limited eligibility; must demonstrate commercial application) - Foreign-owned companies operating in Canada (with Canadian business registration) Key Requirement: Company must have an active research challenge suitable for academic collaboration ### 💰 Funding Details - Company Investment: $7,500 CAD (mandatory co-funding from company) - Mitacs Funding: Up to $15,000 CAD per internship - Total Per Internship: Approximately $22,500 CAD - Matching Ratio: 1:2 (company contributes $1 for every $2 from Mitacs) - Internship Duration: 4–12 months (flexible) - Number of Internships: Scalable (companies can run multiple concurrent internships) - Repayability: Non-repayable grant (not a loan) - Funding Form: Direct payment to academic institution and intern stipend ### 🛠️ Approved Expenses - Intern Stipends: Salary/wages for student/graduate/postdoctoral researcher - Academic Supervision Costs: Faculty mentorship and oversight fees - Research Materials & Supplies: Direct materials required for the project - Equipment & Technology: Tools, software, or instruments for R&D work - Intellectual Property: Patent filing and IP protection costs (eligible component) - Travel: Project-related domestic travel (limited, case-by-case) - Administrative Overhead: Academic institution handling fees (capped percentage) Not Eligible: Salaries for company employees, existing staff reallocation, marketing/sales activities ### ⚠️ Conditions & Milestones - Partner Institution Required: Must