After you apply

After submitting an expression of interest

Within 30 days of the EOI submission, EOIs with the strongest merit and alignment with program objectives, priority areas, and significant economic benefit, will be invited to complete a full application and undergo detailed assessment. If your project moves forward, use the Applicant Guide for the full application.

If you have not been contacted, your project will not be considered further.

Funding decisions are usually made within 90 business days of receiving a complete application (including satisfactory supporting documentation). Refer to PrairiesCan’s service standards.

How we assess your application

The RAII is a competitive process. We may contact you for details on your submission or additional information, where deemed necessary for assessment. Although PrairiesCan may engage organizations directly on outstanding questions or issues, applicants are advised to submit a complete and thorough application.

All applications will be evaluated based on:

• ability to achieve RAII objectives
• economic impact
• project viability
• relative strengths in:
  • market potential
  • management capability
  • financial capacity
  • economic benefits
  • degree of alignment with departmental, regional, governmental priorities
• compliance with applicable legislation and regulatory/permit requirements

To fully assess your project, PrairiesCan may request (as applicable):

• business plan (if not already submitted)
• forecasted income statements and cash flow including relevant assumptions for the duration of the project (3 to 5 years)
• detailed breakdown of project costs
• disclosure of pre-existing disbursements to third parties or senior executives
• other detailed information on the project or your organization

Note that PrairiesCan will also conduct a credit check (e.g. Equifax) for repayable projects.

Where required, PrairiesCan will engage the technical services of the National Research Council’s Industrial Research Assistance Program (IRAP) to conduct the technical assessment of proposals for projects using novel technology.

Applicants are advised to submit a complete and thorough application. Not all applications undergoing a detailed assessment will receive an offer of funding.