In an effort to stimulate University-Company partnerships, in recent years both the federal and provincial grant funding agencies have made available a significant number of new programs for applied research. A few of the most popular are introduced below, a longer list of applied research grants is available here.
NSERC Engage For new partnerships, $25,000 is available to the researcher for a 6 month project, the researcher manages the project and there are no deadlines for applications. A high percentage of applications are successful and no cash contribution is required from the company partner.
MITACs Accelerate A research internship program, lasting for 4-6 months, but which can be extended in
multiples of 4-6 months. The employer contributes $7500, the grant provides $7500, at least $10,000 goes to the intern, who can be an undergraduate, postgraduate or postdoctorate student. No application deadlines.
OCE Market readiness OCE's Market Readiness program assists in the various stages towards commercialization of University research. The goal of the program is to transfer University research either to an established Ontario-based company or to a new business venture, also in Ontario. The company is required to make a minimum cash contribution of $5000. Projects can be large, up to $250,000, in this case the company cash contribution is around 1/4 of the total grant.
OCE Voucher for Innovation and Productivity Typically 6-12 months in duration, up to $20,000 of grant funding. This is similar to the NSERC Engage but does not require that this be a new researcher-company relationship. This company is required to make a minimum cash contibution of $5,000.
These are just four of the more popular applied grants currently available. Contact us to help find the best match for your project.