PDADC MEMORANDUM - 110510
TO: Principals, Deans, Academic Directors and Chairs
FROM: Professor R. Paul Young, Vice-President, Research
DATE: May 11, 2010
RE: IPO Funding Opportunity: FedDev Ontario Applied Research and Commercialization Initiative
Please distribute this opportunity to your colleagues as appropriate.
A $15M commercialization funding opportunity entitled the Applied Research and Commercialization Initiative through FedDev Ontario has just been announced. The vision of FedDev Ontario is to be a catalyst in creating a more prosperous and globally competitive Ontario. The Initiative will address the unique research and innovation challenges faced by small- and medium-sized enterprises (SME), defined as having less than 1000 employees, including lack of internal research and development and pre-commercialization capacity.
The Initiative will provide up to $750,000 to post-secondary institutions to develop individual projects with businesses in southern Ontario. Projects will be cost shared 2/3 by post-secondary institutions and 1/3 (cash or in-kind) by the small business. Under the Initiative, post-secondary institutions will be eligible for a contribution up to a maximum of $50,000 per project with a collaborating SME. A maximum of one project per SME can be conducted under the Initiative.
A single application is due by June 14/2010 outlining how the U of T proposes to use its expertise to work with SMEs. It is not expected that any actual projects or agreements with specific SMEs will have been identified by the June 14/2010 deadline. Agreements with individual SME partners will need to be in place by March 31, 2011, with all project work completed by March 31, 2012.
Please note that inventors with equity in the SME are not eligible.
Program details can be found at http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/00264.html
Please direct enquiries with a FedDev Ontario subject line to innovations.partnerships@uotoronto.ca
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