Funding, Regional Innovation Ecosystems in British Columbia, Government of Canada, Funding

ECONOMIC SUPPORT & RESOURCES

West Moberly First Nations

Economic Development

Regional Innovation Ecosystems in British Columbia

Government of Canada

About

The regional development agencies (RDAs) are delivering the RIE program across Canada, in their respective regions. PacifiCan is delivering RIE in British Columbia. Through RIE, we are making targeted investments in not-for-profit organizations that support businesses in priority sectors to innovate, grow and compete globally. We are also fostering inclusive growth by supporting under-represented groups, mainly women, Indigenous peoples and young entrepreneurs, to more fully participate in the innovation economy. By providing funds to advance the development of regional innovation ecosystems, PacifiCan is delivering on the Budget 2018 commitment to grow the British Columbia economy. This will ensure Canada’s prosperity for decades to come. The RIE program stream builds on the federal government's Innovation and Skills Plan. This plan helps make Canada a world-leading centre for innovation that creates well-paying jobs and grows the middle class.

Application Period

Eligible Applicants

How can I submit an application? If you have a project idea and would like to submit an application, we would strongly encourage you to contact one of our local offices. When will I find out if my project has been approved? PacifiCan's service standard is to provide a funding decision to a client within 90 business days (90% of the time) of receiving a complete funding proposal. What are the attributes of a strong application? To be considered eligible for funding, applicants must clearly demonstrate: alignment to one or more of PacifiCan’s priorities strong market/industry demand (e.g., the project addresses a significant gap in the market or there is a demonstrated industry demand for the project) measurable economic benefits for British Columbia effective governance measures and management team in place to carry out the project strong rationale for the project financial statements that demonstrate the organization is financially self-sustaining leveraged funding from provincial governments, the private sector, and other non-government sources (typically 50% or more) non-PacifiCan funding is confirmed with written proof.

Funding

RIE is open to not-for-profit organizations that support businesses, innovators and entrepreneurs, for start-up, growth, productivity, technology commercialization, technology adoption, export and investment attraction, including: Applicants must meet the following mandatory criteria: post-secondary educational institutions Business Accelerator and Incubators angel networks Indigenous (First Nations, Inuit, Métis) organizations, including Indigenous-led not-for profit organizations and Indigenous-owned businesses social enterprises a group of eligible recipients such as an industry association or consortium a municipality and all other municipal-type organizations All eligible applicants must be legal entities capable of entering into legally binding agreements.