Canadian government launches R&D tech demo program
TDP funding designed to boost aerospace and defence R&D during expensive and complex technology demonstration phase.Comments Off on Canadian government launches R&D tech demo program
The Canadian Ministry of Industry announced the launch today of the new Technology Demonstration Program designed to fund large-scale technology demonstration projects that typically require the integration of several different technologies and the coordination of activities of many partners. Demonstration activities involve moving new technologies out of the laboratory and testing them in the real-world.
“Technology demonstration is a vital part of bringing innovation to market, but it is very complex and involves high levels of risk,” said Jim Quick, President and CEO of the Aerospace Industries Association of Canada. “The program announced today will help our companies develop and produce cutting-edge products that are at the heart of what makes Canadian aerospace companies the best in the world.”
According to the ministry, the Technology Demonstration Program will cover up to 50 percent of eligible project costs. In total, the program will provide up to $54 million in non-repayable funding annually. To qualify, projects must be led by an OEM or Tier 1 integrator with a large scale R&D project in the aerospace, defense, space and security sectors with activities up to the completion of Technology Readiness Level 6. In addition, eligible candidates must be for-profit corporations, incorporated and conducting business in Canada.
Wednesday’s announcement kicked off the initial call for project proposals, with statements of interest due by December 6, 2013. Approved projects will be announced by fall 2014.