Innovate BC — BC Fast Pilot Program ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) based in British Columbia - Private for-profit companies - Technology-driven businesses with innovative solutions - Enterprises with capacity to design, build, and operate pilot/demonstration facilities - Companies must be registered and operating in BC ### 💰 Funding Details - Maximum Grant Amount: $200,000 per project - Funding Type: Non-repayable grant (contribution) - Matching Requirements: Typically requires applicant co-investment or cost-sharing (verify specific ratio with program guidelines) - Repayability: Grant funds do not require repayment upon successful completion of milestones - Payment Structure: Funds released in tranches based on milestone achievement and reporting ### 🛠️ Approved Expenses - Design and engineering of pilot plant or demonstration facility - Construction, assembly, and installation of pilot equipment - Technology development and prototyping specific to pilot operations - Operating costs during pilot phase (labour, materials, utilities) - Testing, validation, and performance measurement activities - Commercialization preparation and feasibility analysis - Equipment purchase and installation directly tied to pilot demonstration ### ⚠️ Conditions & Milestones - Project Timeline: Must complete pilot design, build, and operation within defined program period - Reporting Requirements: Regular progress reports and milestone documentation required - Real-World Validation: Pilot must demonstrate technology in actual operating conditions - Intellectual Property: May include IP ownership or benefit-sharing provisions - Commercialization Path: Project must show clear pathway to market or scalability - Milestone-Based Funding: Grant disbursement tied to achievement of pre-defined project milestones - Financial Accountability: Detailed expense tracking and receipts required for all expenditures - Program Compliance: Must comply with BC and federal grant regulations and reporting standards