PSO SME

📋 Eligible Entities - Small and medium-sized enterprises (SMEs) in Canada - Must be actively engaged in metal processing operations or related industries - Must partner with an eligible research centre or institution - For-profit businesses with established operations ### 💰 Funding Details - Grant Amount: Up to $500,000 - Cost Coverage: Up to 40% of eligible project costs - Repayability: Non-repayable grant - Matching Requirement: SME responsible for minimum 60% of eligible costs - No matching funds requirement explicitly stated beyond the 40/60 cost-share split ### 🛠️ Approved Expenses - Metal processing research and development activities - Salaries and wages for research staff dedicated to the project - Equipment and technology purchases for metal processing innovation - Materials and supplies directly related to project experimentation - Professional services and consulting fees supporting the research initiative - Project management and administration costs (typically within eligible budget) ### ⚠️ Conditions & Milestones - Partnership Requirement: SME must establish and maintain a formal partnership agreement with a recognized research centre - Project Scope: Project must focus on metal processing innovation or advancement - Documentation: Detailed project proposal and budget breakdown required - Eligible Costs Only: Grant covers only approved expenses; ineligible costs are SME responsibility - Reporting: Regular progress reports and milestone tracking throughout project duration - Use of Funds: Monies must be used strictly for stated project purposes - Timeline: Project must be completed within agreed timeframe (specific duration varies by application) - Financial Records: Maintain detailed records of all expenses for audit purposes