INNOV-R — InnovÉÉ Grant Analysis ### 📋 Eligible Entities - For-profit corporations (small, medium, and large enterprises) - Sole proprietors and partnerships engaged in business operations - Cooperatives and collective enterprises - Social enterprises operating on a commercial basis - Applicants must be Canadian-based businesses - Must demonstrate active operations in Canada - Eligible across most industry sectors, provided R&D activities meet program criteria ### 💰 Funding Details - Maximum annual grant: $500,000 per year - Project duration: Up to 3 years (total potential: $1.5 million) - Cost-sharing requirement: Grant covers up to 50% of eligible expenses - Matching contribution: Applicant or partners must fund minimum 50% of project costs - Repayability: Non-repayable grant (not a loan) - Funding form: Direct contribution; funds disbursed based on milestone achievement and expense verification ### 🛠️ Approved Expenses - R&D salaries and wages (researcher, technician, and project staff compensation) - Equipment and instruments directly used in R&D activities - Materials and supplies required for research and testing - Subcontracting costs to academic institutions or specialized service providers - Intellectual property development (patent applications, technology licensing) - Travel and collaboration expenses related to the R&D project - Software and digital tools supporting research activities - Project management and administrative overhead (up to a defined percentage) - Technology adoption to support GHG emissions reduction objectives ### ⚠️ Conditions & Milestones - Mandatory collaboration: Must partner with at least one accredited academic institution or public research centre (e.g., university, government laboratory, research hospital) - Project focus: R&D must be specifically aimed at reducing greenhouse gas (GHG) emissions - Eligible technology areas: Clean technology, emissions reduction, sustainable processes, or climate adaptation - Milestone-based funding: Funds