Boast Capital held an Innovation Funding Lunch & Learn with support from Calgary Economic Development on May 13, 2014.The following four Innovation Funding programs were covered:
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- Scientific Research & Experimental Development (SR&ED) Tax Credits
- TECTERRA’s Geomatics Funding Programs
- National Research Council’s Industrial Research Assistance Program (IRAP)
- Mitacs’ Research Internships
SR&ED, TECTERRA, IRAP and Mitacs’ Innovation Funding Programs at a Glance:
*Please note that this chart is meant to provide a simplified overview of complex funding programs. Please contact the funding organizations for specific details regarding eligibility criteria and more info.Slides from the Innovation Funding Lunch & Learn Presentation on May 13:
Watch for our Ultimate Guide to Innovation Funding in Western Canada e-book, hitting the Internet June 2014! Join our mailing list to be one of the first to access it.
| SR&ED Tax Credits | TECTERRA’s IND Program | IRAP’s Tech Innovation Projects | Mitacs’ Elevate & Accelerate Internships | |
| ELIGIBILITY | ||||
| Must be Canadian-Controlled? | No | Yes | Yes | No |
| Province-Specific? | No | No (Some programs are specific to AB) | No | No |
| Must be SME? | No | Yes | Yes | No |
| Industry Specific? | No | Geomatics | Technology | No |
| FUNDING | ||||
| Funding Amount(s)? | Up to 64% of qualifying expendituresup to $3M | Between $150 – $500K | Between $30K – $300K | Accelerate – $7.5K (at minimum) Accelerate Cluster – $44K Elevate- $32K |
| Repayable Contribution? | No – credit | Yes – if commercial success | No | No |
| Funder Matching Amount? | No | 50% | 50% – 80% | Accelerate – Match $7.5K Accelerate Cluster – Match $36K Elevate – Match $25K |
