Research Alert: IPO Funding Opportunity: FedDev Ontario ARC Initiative Extension

IPO Funding Opportunity: FedDev Ontario ARC Initiative Extension

Please reply to: Tu Nguyen (tuu.nguyen@utoronto.ca)

A $15M commercialization funding opportunity entitled the Applied Research and Commercialization Extension 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 but lacking internal research and development and pre-commercialization capacity.

The University of Toronto is applying for up to $750,000 in funding from this program and if successful will be disseminating the funding to eligible projects identified through an internal competitive application process. Under the initiative, the university may contribute up to a maximum of $100,000 of FedDev funding per project which has a collaborating SME. Collaborating SME will be expected to contribute a minimum of 50% of total project costs in the form of cash and/or in-kind contributions to the university. A maximum of one project per SME can be conducted under the initiative. Please note that inventors with equity in the SME are not eligible. In addition, SMEs that previously received funding through the first FedDev ARC initiative are also not eligible.

In anticipation of being successful in our application, we wanted to make our research community aware of this opportunity. At this time, the University of Toronto is accepting project applications from it's research community. For more information and access to our application form, please contact Tu Nguyen at 978-3648 or tuu.nguyen@utoronto.ca.

Individual project applications are due by May 7, 2012 to innovations.partnerships@utoronto.ca. The sponsored research agreement with the SME must be signed by June 30, 2012 and the project completed by March 31, 2013.
Program details can be found at: http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/00264.html