Mitacs Accelerate

📋 Eligible Entities - For-profit private companies (primary applicants) - Small and medium-sized enterprises (SMEs) encouraged - Large corporations eligible - Social enterprises and cooperatives may qualify - Non-profit organizations with commercial innovation objectives - Startups (including early-stage ventures) - Companies must be incorporated in Canada or have a Canadian operating entity - Must have a Canadian bank account and valid business registration ### 💰 Funding Details - Company co-investment required: Minimum $10,000 CAD per intern placement - Mitacs contribution: Up to $15,000 CAD per student/fellow per internship (4-6 months typical duration) - Total project value: $25,000+ CAD per placement depending on intern level - Matching ratio: 40% company contribution, 60% Mitacs contribution (approximate) - Repayability: Non-repayable grant (not a loan) - Multiple placements: Companies can apply for multiple interns on different or related projects - Funding frequency: Rolling intake; funds released upon milestones ### 🛠️ Approved Expenses - Personnel costs: Intern/graduate student/postdoctoral fellow salaries and benefits - Research and development activities directly supporting the internship project - Supervision and mentoring by company staff - Materials and supplies required for the R&D project - Equipment and tools (if integral to the internship research) - Technology and software licenses used during the project - Travel expenses (if project-related and pre-approved) - IP development and patent-related research costs ### ⚠️ Conditions & Milestones - Academic partner requirement: Must collaborate with eligible Canadian university faculty, college, or institution - Project complexity: Research challenge must be substantive and beyond standard business operations - Internship duration: Typically 4-6 months full-time equivalent - Reporting obligations: Quarterly progress reports and final project summary required - **Intellectual property