Get a grant of $5,000, $7,500 or $10,000 to cover up to 50% of the costs of your product development/prototyping project in one of 3 categories: contractor fees, internal wages and materials (or a combination of these). You can use internal or external resources.
The iRAPID program will support up to 50% of eligible costs, before tax, at one of three funding levels.
Level 1: $5,000 grant for a minimum project spend before tax of $10,000
Level 2: $7,500 grant for a minimum project spend before tax of $15,000
Level 3: $10,000 grant for a minimum project spend before tax of $20,000
Is my business eligible?
- The applicant must be a for-profit incorporated entity, located in the district of Nipissing, Timiskaming, Parry Sound or Muskoka looking to advance the growth of its business along the commercialization path through a project as defined by the program objectives.
- The program is not intended to support, nor is applicable to, businesses operating as distributors or re-sellers.
- Applications must be received prior to incurring costs associated with the project and are subject to a monthly competitive review process.
- Successful projects will be reimbursed upon receipt of final invoice(s) and proof of payment to be completed within a 6-month time frame.