Provides up to $150,000 per year for up to 3 years to Canadian colleges or polytechnics conducting applied research and development projects with business partners. Funds cover up to 75% of eligible costs, requiring partner organizations to contribute at least 25% cash. Ideal for SMEs needing applied research to develop prototypes, improve processes, or solve technical challenges. Applications are accepted on an ongoing basis.
Only Canadian colleges, CEGEPs, and polytechnics eligible to administer federal grants may apply. Businesses cannot apply but must partner and contribute at least 25% cash. Partner organizations must actively participate and demonstrate capacity to apply research results.
