📋 Eligible Entities - Private corporations operating in information technology, health tech, or clean tech sectors - Companies at advanced development stage (near commercialization phase) - Canadian-based businesses with demonstrated traction and market readiness - Startups and scale-ups with sufficient team capacity and business infrastructure - Entities with a defined addressable market of at least $100 million - Companies with clear commercialization pathway and revenue generation potential Note: Sole proprietors and non-profits typically do not qualify unless operating as incorporated entities ### 💰 Funding Details - Grant Amount: $500,000 per company - Structure: Non-repayable capital investment - No matching requirement: Funds provided without mandatory co-investment obligation - No loan terms: Operates as equity or grant-based funding, not a loan - Repayability: Non-dilutive funding—does not require repayment - Funding frequency: Typically one-time allocation per eligible applicant ### 🛠️ Approved Expenses - Product development and commercialization activities - Technology adoption and infrastructure buildout - Talent acquisition and payroll for core development team - Market entry and go-to-market strategy execution - Manufacturing or production scale-up costs - Quality assurance, regulatory compliance, and certification - Sales and customer acquisition initiatives - Research and prototyping to advance product maturity ### ⚠️ Conditions & Milestones - Market size validation: Must demonstrate addressable market of minimum $100 million - Sector eligibility: Company must operate exclusively in IT, health tech, or clean tech - Commercialization readiness: Product or service must be near market launch (not early-stage R&D) - Performance milestones: Funding typically tied to achievement of defined commercialization benchmarks - Reporting requirements: Regular progress updates and financial accountability reporting mandatory - Use of funds timeline: Funds must be deployed within specified project period (typically 12-36 months) - **No geographic restrictions on
About this program
If your company is close to commercialization in information technology, health or clean tech, and your addressable market size is $100 million, this capital investment of $500,000 may be for you.
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