MITACS is expanding its support of Canadian Businesses

MITACS is expanding its support of Canadian Businesses

 

MITACS – Enhanced leveraging for Canadian Small- and Medium-sized Enterprises (SMEs)

MITACS is expanding its support of Canadian Businesses

For a limited time, Mitacs is increasing their funding for SMEs to 75% of a project’s cost from the 50% they typically fund (some restrictions may apply).

1.    Enhanced leveraging for Canadian Small- and Medium-sized Enterprises (SMEs)

For a limited time, Mitacs will offer 3:1 cash leveraging on Accelerate projects involving a Canadian SME. The official landing page is here: https://discover.mitacs.ca/boost-funding-sme/

The eligibility criteria for an Accelerate application with this limited-offer model are as follows:

  • Company must be a for-profit, Canadian SME (<500 employees)
  • The project must start by August 31, 2020

The funding model for this Accelerate is $3,750+HST from the Canadian SME and $11,250 from Mitacs for a 4-6 month project. You may note that this the same as the previously-announced Accelerate COVID-19 funding stream. Mitacs hereby confirms that this new Canadian SME funding stream will support any type of R&D project and is not COVID-specific.

The deadline to submit all application materials to Mitacs is Wednesday, July 1, 2020.

For additional details, professors and industry partners are asked to contact their local Mitacs Business Development representative (https://www.mitacs.ca/en/contact-us/business-development).