After you apply
After submitting an expression of interest
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. Within 30 days of the EOI submission, PrairiesCan will invite selected applicants to submit a full application for funding. If you have not been contacted, your project will not be considered further.
How we assess your application
The RAII is a competitive process. Expressions of Interest that demonstrate the highest merit and strongest alignment with the RAII objectives, PrairiesCan’s priorities, and significant economic benefit are invited to complete a full application.
All applications will be evaluated on their ability to achieve RAII objectives, their economic impact, the viability of the project, and their relative strengths in the following areas:
- market potential
- management capability
- financial capacity
- economic benefits
- technology readiness (technology commercialization projects only)
- degree of alignment with departmental/regional priorities
If undergoing a detailed assessment, PrairiesCan will request:
- 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.