Comments on Funding:
Funding is a non-repayable contribution, on average 33% (up to 40%) of eligible projects costs. The average contribution is between $2 million and $4 million and the largest contribution typically goes to $10 million, with funds disbursed in five years or less.
25% of the eligible costs must be funded through private sector contributions (including in-kind).
Funding from all levels of government must not surpass 75% of eligible costs.
At least 50% of eligible project costs must be incurred in Canada.
The applicant must:
Phase One: Application – Applicants must:
Review SDTC’s eligibility, eligibility costs and evaluation criteria to see if their project aligns;
Access SDTC’s application Portal and submit their application. A team of internal SDTC experts will review the application to determine eligibility.
Phase Two: Due Diligence – Applicants must:
meet SDTC staff at the project site for a due diligence visit. The SDTC Project Review Committee will review the project. All recommended projects are presented to the SDTC Board of Directors for approval.
Phase Three: Funding Approved – Applicants must:
The multi-step process provides checkpoints and coaching as the application is evaluated. At every step of the process, SDTC will communicate with the applicants whether or not they will proceed with the application.
Applicants must submit:
- their completed application;
- an annual questionnaire (that focuses on sales, revenues, jobs created and other commercial activities) so that SDTC can track the success in moving the applicant’s technology to market for five years post-project completion.