Atlantic Innovation Fund
The Atlantic Innovation Fund (AIF) offers conditionally repayable contributions to Atlantic Canadian companies for projects that focus on scientific/technical product, process, or service development and commercialization. Additionally, the AIF aims to foster partnerships relating to research and commercialization.
- Amount: 75% of eligible costs up to $3M;
- Eligible Costs: Wages/salaries, capital costs, operating expenses;
- Criteria: Incremental, sufficient financing for the scheduled project; high economic benefit to Atlantic Canada; R&D-based projects; high commercialization potential; technology adaptation to improve production, as well as support at least one strategic sector or technology;
- Additional Info: Projects that result in the development and commercialization of technologies (products, processes, and/or services) in humanities, social sciences, arts & culture, or natural & applied sciences may also be eligible for AIF funding.
