Discover the Northern Industries Innovation Fund Program (NIFF) with Leyton! In this series of monthly videos, our consultant team will help you discover specific government grants available in Canada, and share key details.
For this episode, our Senior Government Grants Consultant, Antoine Giroir, will go through the NIFF Program, and explain how this program can support Northern provinces in British Columbia and increase their innovation.
This video has been recorded in English.
Examples of topics covered:
- What is the NIFF Program?
- The components of the grants and the funding available
- Eligibility for the program
- And more!
What is the Northern Industries Innovation Fund?
The Northern Industries Innovation Fund (NIIF) program provides incremental funding to support innovation projects that increase the competitiveness of local businesses in traditional industries across Northern B.C.
The Northern Development Initiative Trust region is divided into four principal regions*:
- – Cariboo-Chilcotin/Lillooet
- – Northeast
- – Northwest
- – Prince George
Eligible Work
The NIIF supports:
- – applied research and development,
- – new or improved products and services,
- – testing of innovative equipment or technologies to support capital investment decisions
Some examples:
- – 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 is also intended to support economic diversification and/or viability of businesses to mitigate the economic impact of the pine beetle epidemic.
Eligible Businesses & Organizations
- – All applicants must be located/headquartered within the Northern Development Initiative Trust region*.
- – Privately owned
- – Incorporated
- – Less than 500 employees
- – Revenues less than $100 million
Priority is given to companies operating in the regions most impacted by the pine beetle epidemic.
Eligible Industries
- – Agriculture
- – Aquaculture
- – Energy
- – Forestry
- – High tech
- – Industrial supply chain
- – Manufacturing
- – Mining
- – Oil and gas
- – Transportation
Eligible Costs & Funding
The program offers a rebate of up to 50% to a maximum of $50,000 per project and the applicant must contribute a minimum 10% of the project budget.
Eligible Costs:
- – Capital expenditures
- – Direct third-party project labour costs, including travel
- – Innovative equipment for research trials monitored by National Research Council, FP Innovations or other agencies
- – Incremental third-party project management
- – Wages for direct project labour
- – Contractor fees
- – PST
- – Monetized donations (donated materials, equipment, or services from third parties) may be considered.
- – When noting monetized donations in the budget and under other funding sources in the application form, applicants must attach confirmation of the committed donation(s)
- – Monetized donations must be documented once project commences and receipts must be obtained
Want to apply?
Northern Development will accept Northern Industries Innovation Fund applications on a continuous basis until the annual budget is committed. Northern Development’s fiscal year is from January to December.
At Leyton, we constantly monitor grant programs to let our clients know what is available to them in a timely fashion and we’ll inform you of any updates.
If you wish to learn more information about this grant and how we can help you apply for it, contact one of our experts today!
About our Senior Government Grant Consultant, Antoine Giroir
Antoine Giroir has a master’s in International Relations with experience in European project management and proposal writing. He has worked with researchers and entrepreneurs on various topics, from sustainable development to oncology targeting, in the European Union, the United States of America, and the People’s Republic of China. He is now helping Leyton’s clients leverage public funding (federal and provincial) to achieve their objectives while lowering the financial risks.
