Ignite

By mmuise
Description:

Innovate BC’s Ignite program provides up to $300,000 to fund research and development projects in the areas of natural resources and applied sciences. Teams made up of industry and academia come together to solve real life business problems in a 3-year time frame.


Comments on Funding:

Projects must secure matching funds from industry or government sources at a ratio of 2:1 matching dollars to Ignite dollars ($1 Ignite funds matched by applicants with $2 dollars from other sources). No more than 50% of matching funds can be from government sources, and a maximum of 50% of matching funds can be in-kind.

Deadline: Applications are closed. Stay tuned for future intake announcements. The previous deadline was on July 4, 2023.
Eligibility:

Applicants must be Teams of academia and industry working on projects in the areas of natural resources and applied sciences, meeting these eligibility requirements:

  • The project supports the research and development of a new, innovative technology that solves an industry problem in the natural resources, engineering or applied sciences.
  • The project is a collaboration between a B.C. based industry and academic partner, with majority of the project work occurring in B.C.
  • The project partners must be in agreement regarding IP ownership.
  • The innovation is at a minimum of Technology Readiness Level (TRL) of 3, as defined by Innovation, Science and Economic Development Canada.
  • The project has strong market potential, with at least one letter of support to demonstrate potential market impact and/or benefits to B.C.
  • The innovation must have a strong research and commercialization plan, with the aim of achieving commercialization (ie. revenue, customers, etc.) within 3 years of the project start date.
  • The project must secure matching funds from industry or government sources at a ratio of 2:1 matching dollars. ($1 Ignite funds matched by applicants with $2 dollars from other sources).
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise