Technology Utilization Program (Newfoundland and Labrador, Canada)
Last modified on February 12, 2015.
|Place|| Newfoundland and Labrador
|Applies to States or Provinces||Newfoundland and Labrador|
|Name||Technology Utilization Program (Newfoundland and Labrador, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Rebate Program|
|Affected Technologies||Biomass/Biogas, Concentrating Solar Power, Solar Photovoltaics, Wind energy|
|Implementing Sector|| State/Province
|Maximum Incentive|| $75,0000
|Program Administrator||Newfoundland and Labrador Department of Innovation, Business and Rural Development|
|Primary Website|| http://www.ibrd.gov.nl.ca/
| Last Substantive Modification
This policy is no longer active. In 2013 the Technology Utilization Program will be absorbed into the new Business Development Fund.
The Technology Utilization Program assists Newfoundland and Labrador businesses with increasing its technology capacity to improve business processes, product quality, efficiency and competitiveness. The program also enables businesses to utilize technology to become energy efficient and reduce its emissions.
The program provides non-repayable contributions normally up to 80% of the project’s total eligible costs to a maximum of $75,000 per project.
Eligible activities include: • The introduction, modiﬁcation or replacement of technology (including machinery and equipment and software) that provides signiﬁcant beneﬁt to a business’s operational processes, production or product quality • Introducing technology to support green initiatives • Technology transfer, including professional expertise and technical training
Financial assistance is available to Newfoundland and Labrador based corporations, partnerships, sole proprietorships, co-operatives and business networks.
|Department||Newfoundland and Labrador Department of Innovation, Business and Rural Development|
|Division|| Local Offices