Have you developed an innovative product which has not yet been sold commercially? Is your product related to the environment, health, security or is an enabling technology? If yes, you may have an opportunity to gain up to $500,000 in funding from the Government of Canada.
The Canadian Innovation Commercialization Program (CICP)
The CICP is a new initiative launched as part of the Government of Canada’s 2010 Budget. The program is part of the government’s commitment to promote economic growth, helping Canadian businesses develop and test their innovative products or services with the Canadian Government before taking them to the marketplace.
Who is Eligible?
The program is intended for businesses that have innovative goods or services that are market-ready, but have not yet had commercial sales. By issuing a series of call for proposals, the program hopes to bridge the pre-commercialization gap by purchasing these innovations.
All proposals must be under $500,000 (excluding tax and any associated delivery costs) and must fall under the following priority areas:
- Environment
E.g. environmental sampling, spills and environmental emergencies, Energy conserving control systems, Waste reduction systems and low impact technologies. - Health
E.g. food supply, monitoring and tracking adverse health effects, regulation of pharmaceuticals and medical devices, and assisted human reproduction. - Safety & Security
E.g. surveillance and intelligence gathering, emergency management systems, defense against chemical and biological agents and sensor technology and applications for police or military users. - Enabling technologies
E.g. Nanotechnology-based consumer products, genetically modified plants, communications equipment and on-line information management tools
For a full list of the priority areas of the program visit the Buy and Sell website.
All bidders must have a registered Canadian business and certify that at least 80% of their innovation are comprised of Canadian goods or services. The bidder must also certify that they own the intellectual property to the innovation.
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