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Innovation proposal guidelines for projects requesting greater than $100,000 (Atlantic Fisheries Fund)

These are outlines of the information required to assist us in evaluating your proposed project.

The “application for financial assistance” form must also be submitted with your proposal. All proposal documents must be submitted in both paper and electronic format (USB/memory stick). Applicants are advised that it’s their responsibility to adopt appropriate security safeguards while transmitting information to us. For this reason, we cannot accept proposals or accompanying documents via email.

Additional information or clarification may be required from you during the due diligence process as the program officer reviews the information provided. Some projects may require advice from experts in a particular field as part of the process and in determining the overall risk.

The format of the proposal should be as a research and development (R&D) project plan, including a description of project purpose and objectives in seeking contribution funding relating to the fund objectives. The following is an outline of a comprehensive R&D project plan. It’s not necessary to address each of these sections, and the instructions below provide points for consideration when writing the proposal.

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Project title

Provide a short concise title that conveys what the proposed product/process/service will be once the R&D project is complete.

Project summary

Provide a non-technical description (2 pages maximum) of the proposed product/process/service, the issues it will address and its significance for potential customers. Describe why the R&D project is important and how the results will impact your business or organization.

Management’s experience

Identify key project management members. Provide a summary of their roles and responsibilities and their experience in managing projects such as the one proposed.

R&D team

Identify key members of the project team and provide a summary of their roles and responsibilities. For each member identified, please provide a résumé (2 pages maximum) of their specific expertise and experience for the work involved.

Summary of equipment and/or facilities

Provide a description of the main equipment and/or facilities required during the project.

Key collaborators

Identify the key collaborators, alliances or other linkages that are relevant to the project. Describe their roles and responsibilities and include a rationale as to why they’re important to the project.

Summary of work completed to date

Provide a summary of work already completed leading up to this proposal, including any technical evidence that supports the feasibility of the proposed project, such as:

Describe the current stage of development of the proposed project.

Activities to be carried out

Provide an overview of the activities to be carried out. For each activity, specify:

Project schedule

Using a format similar to the table presented below, provide the project schedule for the activities described in the previous section.

Table to use to provide the project schedule for the activities described in the previous section
Activity description Start date Finish date

Major project milestones

Using a format similar to the table presented below, identify and describe the project’s:

Project milestones are defined as the achievement of specific activities necessary for the completion of the project, such as a critical path to project success. These milestones may:

Major project milestones
Major milestone description Indicator of milestone success Completion date

Regulatory approvals

If applicable, discuss any anticipated regulatory approvals required for all phases of the proposed project, such as:

Identify the approvals received to date or outline the strategy that has been developed to obtain all necessary approvals. List anticipated costs and timelines to obtain the regulatory approvals, such as industry standards.

Intellectual property

If applicable, describe the background and foreground intellectual property arrangements required to exploit the technology involved in the project, such as:

Describe the plan for handling intellectual property ownership issues and their associated costs. Describe the measures to be taken to ensure that the resulting technologies provide continuing benefits for Atlantic Canada.

Project costs and financing

Provide details on the proposed project costs, wages and salaries and project financing by doing the following.

Commercial applicants must provide:

Non-commercial applicants can satisfy this requirement by providing both historical and current financial statements, and detailed proof of financial commitment from key collaborators.

Table 1: Project budget
Project expenses (list all costs associated with your project) Cost ($) net of HST/GST
Total project costs  
Table 2: Project funding sources
Project funding summary Amount of funding Status applied/confirmed
Applicant(s) contribution    
Support from industry    
Support from other sources (specify)      
Support from Atlantic Fisheries Fund    
Total project funding    

Commercialization strategy

This requirement is for applicable commercial applicants only.

A key component of any proposal is a:

Therefore, applicants are expected to elaborate on how the commercial outcome of the project will be promoted, distributed and sold.

The commercialization strategy should include, but not be limited to:

As a second step, based on the market niche/segments identified above, applicants must outline their vision of the revenue model. Topics for discussion should include, but not be limited to:

A detailed breakdown of anticipated sales and market projections by product and customer should be provided if applicable.

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