INNOVATION Accelerator PROGRAM (IAP)
PROGRAM DESCRIPTION
In Northern Ontario, many small and medium sized enterprises (SMEs) have difficulty funding the initial commercialization steps required to accelerate product introduction and marketplace positioning. The Innovation Accelerator Program (IAP), funded by FedNor, is intended to provide funding to assist SME’s with the development and commercialization of new innovations and promote innovative business growth.
IAP supports ventures with financial contributions to access legal, technology and technical support, along with offering assistance with commercialization of new products or innovations. This program is designed to help drive growth, making ventures more competitive and allowing them to commercialize their product/service. For more information please reach out to a member on our Business Development Team
Scroll down or download the PDF more information on project eligibility.
MAXIMUM ASSISTANCE to SME
PROGRAM APPLICATION
PROJECT ELIGIBILITY
- Business, sales and marketing plans
- Feasibility studies
- Export and/or international strategies development
- Commercialization assistance
- Third party management support or training
- Lean manufacturing and productivity studies
- Materials research and/or testing
- Certifications, in-market licenses, market entry fees
- Software development and/or testing
- Hardware development and/or testing
- Product design and/or prototyping
- Sales and Marketing
- Website design and/or e-commerce
- Brand building exercises
- Development of promotional materials
- Market research
- Attending tradeshows/industry events (additional reporting requirements)