For grants and contributions, equipment will be supported up to 50%, unless it is part of a long-term investment in platform equipment to advance the objectives of the collaborative R&D program. NRC will not award grants or contributions for the same eligible expenditures more than once. `eligible costs` (authorised costs) – costs reasonably and properly incurred and paid by the organisation, final beneficiaries and local partners, or contributions in kind relating to the activities listed in the project description – Annex A, as set out in the project budget – Annex C and in accordance with the principles set out in Article 1 of the Financial Conditions – Annex B. No, grants and contributions are only available to cover NRC staff costs under the Ideation Fund initiatives, the Challenge Program and the Supercluster Support Program projects. The standard conditions of intellectual property are set out in joint grant and contribution agreements: the Department reserves the right to offset any amount owed by the Organization to Her Majesty with an amount to be paid to the Organization. This Section does not restrict any right of set-off granted by law or by any provision of the Agreement or other arrangements between Her Majesty and the Organization. “Ultimate Recipient” – means the person or organization that has signed a sub-agreement and receives a portion of the contribution to the implementation of a sub-project under the agreement. A total of $24 million per year in grants and contributions is available on an ongoing basis for employees of collaborative research and development (R&D) programs. The following categories of expenditures are eligible for grants and contributions: Ottawa, Canada, August 15, 2019 – Ross Video is pleased to announce that the company will receive up to C$5 million in research and development projects from the National Research Council of Canada`s Industrial Research Assistance Program (NRC IRAP).
This funding is a recognition of Ross Video`s focus on innovation and will be used to create a catalyst for future growth. The funding was made possible by the Government of Canada`s 2018 budget decision to provide NRC IRAP with an additional $700 million over five years to help more companies across the country innovate. This allows NRC IRAP to increase its maximum project eligibility threshold from $1 million to $10 million. Ross Video`s award represents IRAP`s largest contribution agreement to a Canadian company to date. Large companies with more than 500 employees are not eligible for grants and contributions, but can work together through NRC programs and initiatives. “Receipts” (Supporting Documents) – means, but is not limited to: original receipts, invoices, bank statements, receipts, contracts, leases and timesheets or other data proving the actual costs incurred by the organization. The term also includes void checks, bank checks, and other forms of data that support withdrawals. Nrc`s contribution cost-sharing is based on the nature of the project and associated expenditures. Overall, NRC will support up to 75% of eligible project expenditures. “In-kind contribution” – a contribution of materials, goods, services or time to which a monetary value can be attributed that would otherwise be purchased and paid for by the organization to achieve the project results. These costs must be eligible under the agreement and recorded at a fair value agreed to by the Department. “Sub-Agreement” (Sub-Agreement) – means the agreement signed between the Organization and an Ultimate Recipient or Local Partner.
Here are some questions that we recommend that you answer before meeting with your ITA: The organization will reimburse the Receiver General of Canada through the Department of Canada for any amount of the contribution that exceeds the amount to which the organization is entitled, or any payment for expenses that are not eligible under the agreement, all amounts referred to in subsection 16.2(c) and all unpaid or recognized amounts. The agency shall reimburse the Ministry for the amount of the contribution paid or the amount of the overpayment or fees not due within the time specified in the notification of reimbursement. Interest is calculated on any overdue amount in accordance with the Treasury Board of Canada Interest and Administrative Fees Regulations. Such an amount is a debt owed to Her Majesty and recoverable as such. Ross Video – High-impact, high-efficiency production solutions Ross supports video productions for billions of viewers worldwide every day with the industry`s largest selection of impactful and highly efficient production solutions. Ross facilitates the creation of compelling news, weather and sports programming, engaging materials for sports stadium screens, entertainment shows and rock concerts, educational institutions, legislative gatherings, corporate apps, and inspiring content for places of worship. Although IRAP grant programs do not specify specific deadlines, we recommend that you contact your local ITA by April 1 to learn more about their funding cycle and determine project eligibility for the next fiscal year. Ross Video`s senior management and R&D staff gathered with high-level NRC guests to attend the announcement of David Ross, CEO of Ross Video, Iain Stewart, President of NRC, David Lisk, Vice-President of NRC IRAP, and Grégory Fruchet, Industrial Technology Advisor, NRC IRAP.
The Pandemic Response Challenge Program is funded separately. For new hires and small teams (Ideation Fund initiatives): IRAP-funded projects must be implemented in their fiscal year, i.e., between April 1 of the current year and March 31 of the following year. “Subcontractor” (subcontractor) – means a person (other than an employee), a company, a for-profit or not-for-profit organization, a non-profit organization or institution that acts alone or in a consortium, joint venture, partnership (limited liability or otherwise) and that has entered into a subcontract with the organization to conduct activities or perform work to achieve the results or to achieve the results of the project. The term subcontractor includes Canadian, international and local consultants. Contribution funding is available to the private sector and other eligible recipients who manage collaborative projects that require up to $2 million per year to support collaborations under challenge programs and supercluster support programs. Contribution funding is typically used for large-scale projects that require significant equipment purchases and/or have medium- and long-term timelines. Contribution funding can be used to support recipient costs in small team projects that meet these parameters. Provides larger grants of up to $10 million, typically focused on research and development, development of innovative new products, creation of original software, and more.
Local partner – refers to an organisation established in a beneficiary country that participates in the implementation of the project in accordance with a sub-agreement. Provides grants of up to $50,000 to help companies fund research and development and/or commercialize technology projects. Grants totalling $1 million per year are available on an ongoing basis for the New Start Initiative. Assuming the $500,000 spent on the salaries of people who have spent 100% of their time on SR&ED work, your business could recover about $288,000 (depending on the province) in SR&deED tax credits. If your business does not owe tax, you will receive an SR&ED rebate cheque from the government in the amount of approximately $288,000. Collaborative projects for the New Beginnings Initiative and the Small Teams Initiative are selected through competitive annual peer review processes. “Arm`s Length Relationship” – means a relationship in which the organization has entered into a contract with a subcontractor in the execution of the project and in which the organization and the subcontractor are independent of each other and are not controlled by the same person or group of people. The Organization authorizes or arranges for any authorized representative of the Department to grant or cause to be assessed appropriate access to the Project sites in order to inspect and assess the progress of the Project and shall provide, upon request, such data and information as the Department may reasonably require for monitoring and evaluation purposes.
The Department shall keep the Organization informed of the results of such inspections and assessments. The Department reserves the right to conduct a follow-up review during the implementation of the Project and for three (3) years after the expiry or premature termination of the Agreement, whenever it deems necessary. “Transfer Fund” – means provided for in the Agreement exclusively the provision of a management mechanism for the transfer of funds to an Ultimate Recipient for the implementation of a sub-project and for which the organization has administrative and financial administrative responsibility but is not responsible for the final results of the Sub-Project. Recognized as one of the best funding programs in Canada, IRAP provides non-repayable financial support that covers 80% of contractors` salaries and 50% of costs under the following sub-programs. The overall cost of the project and allocated funds are determined by working with an NRC IRAP Industrial Technology Advisor (ITA). Once a collaborative project has been identified by an NRC R&D program team and the employee`s suitability has been confirmed, NRC employees are invited to apply for funding through the National Program Office. “Volunteers” – persons who are not paid by the organization, whose services are essential to the achievement of the project outcomes and who are entitled to them under the terms and conditions of the program and who would otherwise be hired/contracted and remunerated. .