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:
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:
The Industry Partner should connect with their Business Development Manager (BDM) to start the process towards initiating an application.
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.
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.
The application must be completed jointly between the Industry Partner and the Research Partner.
The application including terms and conditions must be submitted (by either partner) to the post-secondary institution's Research Office for endorsement.
The Research Office must then submit the application to the OCE Business Development and Commercialization Manager (BDM) for final endorsement and submission.
