Technology Adoption and Commercialization Program (New Brunswick, Canada)
Last modified on February 12, 2015.
|Applies to States or Provinces||New Brunswick|
|Name||Technology Adoption and Commercialization Program (New Brunswick, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Grant Program, Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Maximum Incentive||$15,000 (Canadian)|
|Program Administrator||New Brunswick Economic Development|
| Last Substantive Modification
The Technology Adoption and Commercialization Program (TAC) was intended to encourage the adoption of improved technologies and processes by offsetting some of the direct costs associated with identifying and securing such technologies and processes.
Projects receiving financial assistance must qualify under program criteria as follows:
Assistance to manufacturers, processors, information and communication technology, bio-science and first of its kind exportable services may be considered in other sectors in financial support of the technological innovation and pre-commercial product development needs. (NOTE: Priority will be given to those projects that fall under this department's Strategic Priorities: Advanced Learning, Bio-Science, Health, Energy and Aerospace/Defence/Security.)
- Assistance limited to up to 40% of eligible costs, to a maximum of $15,000. - Per diem of $100.00 per overnight for one person only in Canada up to three nights; $150.00, out of Canada, up to five nights; and $200.00 for overseas, up to five nights. - 20 cents per kilometer for use of own vehicle or rental vehicle.
- Specialized software and communications costs directly associated with the manufacturing, production process. - Software development costs associated with a project. - Patent and intellectual property research and protection costs. - Costs associated with the acquisition of specialized knowledge. - Specialized product and service testing to validate product market readiness. - E-Business enablement costs relating to training, software, consultation. - Risk sharing with Industry (Proponent), ACOA and/or IC in financing commercialisation of a new product or process. - Promote and encourage “First User Risk Reduction”. - Direct costs for conferences, technical shows, plant visits, etc., to obtain knowledge of competitive technologies, processes and products. - Lean initiatives, quality assurance programs and certification of products. - In-house technical training programs by a third party. - Strategic assets and services resulting in increased competitiveness. - Projects associated with productivity improvement initiatives.
|Contact Name||Jon Downey|
|Department||New Brunswick Economic Development|
|Address||670 King Street|
|Address 2||P. O. Box 6000|
|Place||Fredericton, New Brunswick|
|Zip/Postal Code||E3B 1G1|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Economic Development|