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ACOA’s Enhanced Innovation Programming

On July 16, the Honourable Rob Moore, Minister of State for the Atlantic Canada Opportunities Agency (ACOA), announced important enhancements to ACOA’s innovation programming. These enhancements, which come as a result of engagement sessions that Minister Moore held recently with stakeholders throughout the region as well as ACOA’s own internal analyses, are designed to ensure the Government of Canada’s support for innovation and commercialization in Atlantic Canada continues to be effective and at the leading edge of client needs.

ACOA’s newly enhanced innovation programming – which includes its flagship innovation program, the Atlantic Innovation Fund, and the Business Development Program — offers a more accessible, flexible and streamlined approach to helping Atlantic Canadians develop new products and services; bring new products and services to market; acquire and adapt new technology; and build skills necessary to compete in today’s economy.

Key highlights of the enhancements include:

  • a streamlined application approach with year-round application intake for the Atlantic Innovation Fund instead of annual funding rounds;
  • more funding flexibility, and improved access for smaller-scale projects, thanks to a lower funding limit for the Atlantic Innovation Fund;
  • enhanced Business Development Program support for commercialization through targeted activities that help get more products and services to the market sooner;
  • strengthened focus on helping businesses acquire new technology or work with researchers to adapt existing technology to their requirements;
  • reinforced commitment to fostering effective partnerships between businesses, universities, colleges and other research institutions.

These enhancements will help Newfoundland and Labrador businesses and researchers realize their innovative ideas, successfully bring them to market, and boost productivity and competitiveness leading to even more success at home and abroad.

Find out more by visiting www.acoa-apeca.gc.ca or by calling 1-800-668-1010.

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