Saskatchewan Advantage Innovation Fund (SAIF)
$450,000.00
Grant
Description:
The Saskatchewan Advantage Innovation Fund (SAIF), is a research and development (R&D) funding program designed to accelerate commercialization of game-changing technological innovations in the province’s core sectors.
Through SAIF, Innovation Saskatchewan (IS) provides non-repayable grants to projects that address a specific industry challenge
Comments on Funding:
1. Funding takes the form of non-repayable grants to projects that address a specific industry challenge.
2. Lead proponents can receive a maximum of $450,000 in SAIF grants to support the commercialization of their innovation or technology
2. IS will provide up to 30% of a project’s budget, while 50% or more must be provided by industry partners.
April 30 September 30 Annually
Eligibility:
Applications must:
Meet the following criteria to be considered for funding:
1. Proposed by a group of active private sector partners that represent the project’s value chain (researchers, those involved in the production/supply process, and customer/end users).
a) Active partner: participating in the project either through cash and/or in-kind contribution, equity investment, and/or letter of intent to purchase.
b) Project must be led by a Saskatchewan-based organization*. Preference will be given to lead proponents with headquarters presence in Saskatchewan. The project group can consist of non-Saskatchewan organizations, providing majority of the group have headquarter presence in Saskatchewan.
c) Priority is given to proposals that also have an academic partner from a Saskatchewan post-secondary or research institute.
2. Demonstrate how the technological innovation will solve a specific industry-wide challenge and benefit the agriculture sector as a whole, not just individual companies.
3. Technological solutions must be novel and innovative.
4. Demonstrate a feasible path to commercialization and how the benefits of the project will be sustained over the long-term.
5. Industry partners must provide 50% or more of the project’s budget. The amount requested from IS is no more than 30% of the proposed budget.
*Projects led by non-Saskatchewan organizations with innovative technologies of significant benefit to Saskatchewan will be assessed on a case-by-case basis. IS reserves full discretion to declare the lead proponent ineligible.
Application Steps:
Applicants must:
1. Apply through the Online Application Portal.
2. For more information, please contact Matthew Hayduk at matthew.hayduk@innovationsask.ca
Documentation Needed:
Applicants must submit:
1. an Expression of Interest;
2. a completed Financial Questionnaire Form;
3. at least two letters of intent from prospective and/or committed
customers of the technology being developed;
4. additional information, as requested.
Other Things to Note:
About the author
Maurice
