The intake for the Northern Industries Innovation Fund is closed for the calendar year. Please continue to check our website for updates.
The Northern Industries Innovation Fund program provides funding for small and medium sized businesses in eligible industries in Northern Development’s service region for applied research and development, new or improved products, and services and testing of innovative equipment or technologies to support capital investment decisions.
The program offers incremental funding to match and leverage existing funding programs from provincial and federal organizations or private sector investments that have the potential to create new jobs and increase revenues in central and northern British Columbia.
- Innovation or improvements in harvesting and gathering, extraction or manufacturing techniques
- Advancements in site remediation, technology and processes
- Productivity improvements
- Innovative utilization of marginal natural resources (forests, non-timber forest products, agriculture, aquaculture)
- Value add sector products
- Implementation of new technologies
- New product/service manufacturing/development
The program offers a rebate of up to 50%, to a maximum of $50,000, per project. The applicant must contribute a minimum 10% of the project budget.
- Eligible companies must be privately owned, incorporated, have less than 500 employees, revenues less than $100 million and be operating within the Northern Development Initiative Trust region.
- Registered non-profit organizations whose sole purpose is to create jobs and economic benefit in the specified industrial sectors, i.e. community forests, industry associations.
- Post-secondary institutions working with a private sector partner or an applied research project with private sector implications
- Community contribution companies
Please review all program documents in detail as incomplete applications will not be reviewed.
Completed application forms with all supplementary materials should be provided electronically to Northern Development by email.
Please contact Northern Development staff to discuss your project in further detail.
Phone : 250-561-2525