Development and Commercialization Program
$200,000
Grant
Description:
The Development and Commercialization (DC) Program supports the development and commercialization of Ontario made products and services that integrate/adopt Critical Technologies (5G and advanced networks, AI, blockchain, robotics, quantum, cybersecurity) related to four key sectors: Advanced Manufacturing, Agri-Food, Construction and Mining.
Comments on Funding:
The CIT-DC program contributes funding from $50,000 minimum up to a maximum of $200,000 in
reimbursement funds. SMEs must provide at least a 1:1 funding match
Continuous Intake
Eligibility:
Applicants must:
1. Be a small- and medium- sized enterprise (SME) with fewer than 500 global full-time employees.
2. have registered operations (R&D, manufacturing, product management, etc.) in Ontario
and a valid CRA business number.
3. have received over $500,000 of funding from OCI administered programs in their
lifetime (excluding TalentEdge) are required to obtain OCI approval before a new application for funding is initiated. Your Business Development Manager can guide you through the process.
4. Has the intent and potential to apply, exploit and/or commercialize the results of the project for the economic benefit of Ontario.
5. Has the necessary expertise and resources to put the project into effect within an
appropriate time frame.
6. Be in good financial and reporting standing with OCI.
7. Adopt critical technologies as part of their long-term product roadmap.
Application Steps:
Applicants must:
1. Be initiated in AccessOCI by a OCI Business Development Manager (BDM) or
CIT Sector Manager (SM)
a. Companies that wish to be connected with an OCI Business Development Manager or Sector Manager should submit an OCI Company Intake Form.
2. Once the BDM/SM confirms that the opportunity is suitable for the program, the Applicant will receive login information to OCI’s online application system, AccessOCI, to begin completing the application.
3. Complete the online application form and upload the required supporting documents.
4. Request your BDM to provide an endorsement of the application. The endorsement must be requested at least one week prior to submission. Once the endorsement is provided, a submission button will become visible, and the applicant or BD will then be able to submit
the application.
5. All submitted applications will undergo an initial internal review for eligibility, completeness, and financial compliance. A list of any deficiencies will be sent to the applicant for revision.
6. When the application is endorsed as eligible and complete by OCI’s internal team, the application will be sent for review to the external committee compromising of, subject matter experts as well as the CIT Review Committee.
7. Successful Applicants will be notified by OCI and provided an outline of conditions and additional information necessary to activate the project. Applicants who are not selected will be notified by OCI. Feedback on the decision can be provided by their BD.
Documentation Needed:
Applicants must submit:
1. Resumes/CVs from relevant team members
2. Letter of support from strategic partner company (to be included only if a
Strategic Partner is engaged with the project)
3. Company profile from strategic partner company (to be included only if a
Strategic Partner is engaged with the project)
Other Things to Note:
About the author
Maurice