R&D Proof of Concept

R&D Proof of Concept helps reduce the technical and financial risk of pre-commercial research and development (R&D) projects for small- and medium-sized enterprises where R&D is required to realize the commercial potential of innovative products, processes, or services. Target projects are up to 18 months in duration (with a maximum of 1 project per applicant at any point in time).

R&D Proof of Concept funds up to 75% of the eligible ‘out-of-pocket’ costs of early-stage R&D projects, to a maximum non-repayable contribution of $250,000 per project. Eligible activities include incremental, out-of-pocket, project-specific costs such as securing intellectual property and patent protection, materials, R&D personnel salaries, specialized equipment, technical services, access to test facilities and equipment, field trials, project-specific technical expertise, renovations, project-related travel costs, and other costs that support collaborative R&D.

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