Amount:

$150,000

Type of Program:

Grant


Description:

The Voucher for Innovation and Productivity program (VIP) supports the collaboration between Academia and Industry to solve an industry‐based problem and drive the commercialization of Intellectual Property (IP). The institution will leverage the unique skills and specialized infrastructure that is instrumental to streamline internal innovations and commercialization needs. 

Comments on Funding:

Funding is 50% (maximum) of total eligible project costs and ranges from $20,000 to $150,000 to the post-secondary institution (minimum $20,000 per year).

The Industry Partner cash contribution is 1:1 with OCE. Minimum 50% of the 1:1 match must be spent at the post-secondary institution; remainder may be spent at the company


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be publicly funded Ontario-accredited post-secondary institutions (i.e., university, college, research hospital);
  • have a SME for-profit industry partner:
  • incorporated in Ontario for a minimum of two years and with a valid CRA business number;
  • with a minimum of five full-time equivalent (FTE) employees in Ontario; is using or developing technology innovation or innovative processes for competitive advantage in provincial, national and/or global markets;
  • with operations and/or R&D in Ontario related to the project and capacity to apply, exploit and/or commercialize results of the project for the economic benefit of Ontario;
  • in good financial and reporting standing with OCE;
  • with the necessary expertise and resources to put the project into effect within an appropriate timeframe.
  • propose a project that utilizes unique skills/resources of the post-secondary institution to meet industry innovation and commercialization needs.

A company cannot hold more than $150,000 in VIP funding at one time, or $525,000 of Industry‐Academic Collaborative Grants/Investments in a lifetime. Companies with over $150,000 in active VIP projects must complete those projects (including all final reporting) prior to OCI considering other applications for funding. Exemptions to this rule must be authorized by the VP, BD and provided by the PM and Program Lead with the application.

Applications Steps:

1

The Industry Partner should connect with their Business Development Manager (BDM) to start the process towards initiating an application.

2

If new to OCE, the Industry Partner should complete the Program Enquiry Form to be connected with a Business Development Manager to discuss VIP eligibility and how to start the application process. 

3

If the opportunity is selected as eligible and suitable for the program, the applicant will be sent an auto-generated link to OCE's online application system, AccessOCI, to complete the application. The application will remain open for 90 days.

4

The application must be completed jointly between the Industry Partner and the Research Partner.

5

The application including terms and conditions must be submitted (by either partner) to the post-secondary institution's Research Office for endorsement.

6

The Research Office must then submit the application to the OCE Business Development and Commercialization Manager (BDM) for final endorsement and submission.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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