Nova Scotia companies can boost innovation and productivity with expertise and services from the province's universities and colleges.
The Productivity and Innovation Voucher Program, now managed by Innovacorp, is open for applications from small and medium-sized businesses. The deadline is July 3.
"Maybe a start-up needs help building a prototype. Perhaps a young company requires analysis of a new market opportunity. Or maybe a business is looking to increase efficiencies in its production processes," said Stephen Duff, president and CEO of Innovacorp, Nova Scotia's early stage venture capital organization.
"Our academic institutions have tremendous expertise and technical solutions to offer. The One Nova Scotia commission calls for us to double the number of R&D partnerships between businesses and our universities and community colleges. We want this program to strengthen connections between researchers and industry, and we want it to improve companies' ability to compete in the global marketplace."
The voucher program has two tiers. Tier 1 offers vouchers, or credit notes, of up to $15,000 for eligible applicants that have not previously been awarded a voucher, or are applying with a new project. Tier 2 offers vouchers of up to $25,000 to build on work done through a previously awarded Tier 1 voucher.
Eligible services include applied research, engineering services, prototyping, product design, market advice and field testing.
The participating universities and colleges are Acadia, Cape Breton, Dalhousie, Mount Saint Vincent, Saint Mary's and St. Francis Xavier universities, Nova Scotia College of Art and Design, Nova Scotia Community College and Université Sainte-Anne.
For more information about the program:
902.424.8670 ext. 1601
or 1.800.565.7051 (Toll Free in Atlantic Canada)
Halifax, Nova Scotia, June 4, 2015