This program provides cost-sharing assistance to small and Medium-sized enterprises (SMEs) to assist them in developing and commercializing new innovative products and process.

Eligible applicants:

• For profit, taxable Canadian Controlled Private Corporations with a permanent establishment in Manitoba that pays at least 50% of total salaries and wages to Manitoba resident employees
• Annual revenue of $15 million or less, or fewer than 100 full time equivalent employees, including it affiliates on a consolidated basis
• Demonstrate owner investment of $25,000 in cash equity invested in the business prior to application. Cash equity is defined as common or preferred share capital and/or retained earning

Eligible Activities

• Development of new innovative products and processes
• Commercializing market ready innovative products or processes

There is a list of criteria on the website for each section below:

• Quality of the Project
• Market for the Innovation
• Management Capacity
• Commercialized Plan and Business Model
• Investment secured
• Benefits to Manitoba

Submissions to the program must include:

• A completed IGP Application Form in Word format.
• A completed and signed Application Form – PDF or scanned version
• Current balance sheet and income statement of the applicant (no older than 3 months)
• Year-end Financial Statement including balance sheet and income statement of the applicant (for the last fiscal year)
• If applicant corporation has affiliated companies, attach a copy of Schedule 9 of most recent T2 tax return
• Proof of confirmed funding from all other sources at the time of application, including government and non-government (non-government funding must represent at least 50 per cent of the proposed project costs).

This program will cover a maximum of 50% of eligible costs

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https://www.gov.mb.ca/jec/busdev/financial/igp/index.html?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Manitoba

Business / Community/Economic Development