Atlantic Innovation Fund
Encyclopedia
The Atlantic Innovation Fund (AIF) is a financing program run by the Atlantic Canada Opportunities Agency
(ACOA) to help Canadian organizations in Atlantic Canada
to develop innovative products and services. This program is highly-competitive. Project proposals go through an extensive external review and compete against other project within the funding round.
To be eligible for this program, the project must be based in Atlantic Canada
, have a potential commercial value, include a large R&D component, and the funding requested must be greater than $1,000,000 CAD
.
The average funding level is about two million Canadian dollars per project. Average project duration is about 2 years.
Atlantic Canada Opportunities Agency
The Atlantic Canada Opportunities Agency is the Canadian federal government agency responsible for helping to build economic capacity in the Atlantic Provinces by working with the people of the region – in their communities, through their institutions and with their local and provincial governments...
(ACOA) to help Canadian organizations in Atlantic Canada
Atlantic Canada
Atlantic Canada is the region of Canada comprising the four provinces located on the Atlantic coast, excluding Quebec: the three Maritime provinces – New Brunswick, Prince Edward Island, and Nova Scotia – and Newfoundland and Labrador...
to develop innovative products and services. This program is highly-competitive. Project proposals go through an extensive external review and compete against other project within the funding round.
To be eligible for this program, the project must be based in Atlantic Canada
Atlantic Canada
Atlantic Canada is the region of Canada comprising the four provinces located on the Atlantic coast, excluding Quebec: the three Maritime provinces – New Brunswick, Prince Edward Island, and Nova Scotia – and Newfoundland and Labrador...
, have a potential commercial value, include a large R&D component, and the funding requested must be greater than $1,000,000 CAD
Canadian dollar
The Canadian dollar is the currency of Canada. As of 2007, the Canadian dollar is the 7th most traded currency in the world. It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies...
.
The average funding level is about two million Canadian dollars per project. Average project duration is about 2 years.