Capital and Innovation Program
Program Category:
Built Environment, Community Infrastructure
Program Sub-Category:
Food Security, Economic Development, Innovation
Status: Closing Soon
Funder
Island Coastal Economic Trust (ICET)
Deadline Details
The spring 2024 application deadline is May 17, 2024.
Funder Organization Type
- Trust
Regional Limitations
This is a regional program and only supports communities in its service area.
(See the Map)Details can be found in the program summary and on the program’s website.
The Capital and Innovation Program supports the development of vital regional and community-based public amenities and services to support sustainable economic diversification and growth, innovation, as well as enhanced quality of life. Funds are invested in initiatives that enhance the region’s competitive position in key sectors including energy. technology and innovation, small business, tourism, agriculture and aquaculture, transportation, forestry, energy, mining and economic development.
The Capital and Innovation Program supports the development of incremental economic diversification infrastructure and innovation leadership with targeted funding streams:
The Capital and Innovation Program supports the development of incremental economic diversification infrastructure and innovation leadership with targeted funding streams:
- Industry and Business Support
- Downtown Revitalization
- Strategic Tourism Infrastructure
- Destination Trails
- Innovation Infrastructure
- Innovation Support
Eligible Community
Local and Regional Governments
Indigenous Communities
Non-profit Societies
Community Contribution Companies (C3)
Other non-profit organizations involved in economic development such as airport authorities, harbour authorities, industry associations, sectoral organizations or educational institutions
Indigenous Communities
Non-profit Societies
Community Contribution Companies (C3)
Other non-profit organizations involved in economic development such as airport authorities, harbour authorities, industry associations, sectoral organizations or educational institutions
Regional Limitations
Yes (See the Map)Required Community Contribution
No community contribution required
Funding Stacking Restrictions
No
Professional Input Required
No
Other Eligible Applicants
Indigenous Economic AgenciesIndigenous Organizations
Non-governmental Organizations / Not-for-Profits
Economic Development Agencies
Academic Institutions
Type of Funding
- Non-repayable Contribution
Range of Funding Available per Project
- Under $100 000
- From $100 000 to $1 000 000
Description of Funding
- Up to $200,000 for the Capital and Innovation Program.
- Up to $100,000 for Capital and Innovation Program (Innovation Support funding stream)
Percentage of Project Funded
There are 3 levels of matching funding:
1:1 (50%) for smaller, remote and formerly resource dependent communities
1:2 (33%) which is intended for rural and small to mid-sized communities experiencing relative growth and economic prosperity
1:3 (25%) which is intended for larger urban communities or communities experiencing advantageous economic growth and opportunities
1:1 (50%) for smaller, remote and formerly resource dependent communities
1:2 (33%) which is intended for rural and small to mid-sized communities experiencing relative growth and economic prosperity
1:3 (25%) which is intended for larger urban communities or communities experiencing advantageous economic growth and opportunities
Eligible Costs
EngineeringDesign
Capital Costs
Equipment/Material Purchase
Project Management
Direct project implementation costs will be reimbursed. Costs must be reasonable and accurately assessed.
Ineligible Costs
Any costs incurred prior to signing a funding agreementBuilding Purchase Costs
Administration Fees
Staff Costs
Land Acquisition
Reporting Requirements
Progress reports and final reports