How to Qualify for NextGen BioFuels Fund Canadian Grants for CleanTech
Sustainable Development Technology Canada (SDTC) is a Canadian not-for-profit organization that supports and administers funding for the development of innovative projects that protect the environment or are more environmentally friendly than currently available technology. The NextGen BioFuels fund focuses on the development of new and innovative large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC Canadian Small Business Grants: Company Eligibility
To be eligible to receive funding from NextGen BioFuels Fund, applicants must meet the following criteria:
- Canadian based and owned
- Operate in the renewable fuels sector
Be one of: For-profit corporation, partnership, limited partnership,,business trust
NextGen BioFuels Government Grants Canada: Project Eligibility
Projects that are eligible for NextGen BioFuels fund business grants Canada are those that meet the following:
- Be a First-of-Kind facility that primarily produces a Next-generation Renewable Fuel at Large Demonstration-scale;
- Be located in Canada;
- Use Feedstocks that are or could be representative of Canadian Biomass;
- Have demonstrated the proposed technology at the pre-commercial pilot scale
SDTC Grants from the Canadian Government: Eligible Costs
For the NextGen BioFuels fund has specific costs that are eligible for reimbursement funding:
- Initial project definition and assessment
- Contractor costs for design, engineering, procurement and construction services;
- Environmental assessments;
- Production systems and equipment, including monitoring and tracking systems;
- Salary costs for design, engineering, procurement and construction;
- Salary and contract costs for implementing and commissioning;
- Project management and related administrative costs; and,
- Costs related to project reporting.
All other costs are considered ineligible for funding from this program.
Canada Small Business Grants for CleanTech: Funding & Application Details
Funding from the SDTC NextGen BioFuels fund will support up to 40% of eligible project costs to a maximum amount of $200 million. Project applications are accepted and evaluated at any time. However all projects must be completed by April 1, 2017. The funding received from SDTC is a loan that must be repaid upon terms outlined in an agreement between the applicant and SDTC. Typical terms include repayment within 10 years of project completion.
Connect with Mentor Works Canadian Business Grants & Loans Experts
To find out more about this and other government funding programs for your business, sign up for a complimentary small business grants and loans workshop or webinar. You can also follow Mentor Works on your favourite social media network, including: Twitter, Facebook, Google+, and LinkedIn.