About TECTERRA
TECTERRA
offers a variety of investment and grant programs focused on the
geomatics, geolocation & mobile sectors.
It's programs enable Canadian companies to bring innovative
geomatics solutions to market and investments help to reduce risk
and support companies through each phase of product development and
commercialization.
Amount of Funding Dispersed:
- TECTERRA
received $39.3M in 2009, and has used $26M so far. Their funding
programs provide between $50K to $500K for prototyping, pilot
projects and commercializing innovative tech
- TECTERRA has led 34 Industry Commercialization Projects, filed
7 patents (with 33 underway) and as a result, impacted about $195M+
of downstream revenue.
Industry Investment Program
(InD)
- The IND funding program enables the development and
commercialization of geomatics solutions with a focus on integrated
resource management projects.
- Project activity may include any and all phases of product
development and commercialization starting from early development
through prototyping, pilot and market launch activities.
- Project duration will range from 6 months to one year
- The company maintains equity and IP ownership and receives
priority access to the Geomatics Labs.
Funding Amount?
- Between $150K - $500K, matching up to 50% of the project
cost.
- Larger scope projects are considered on a case by case
basis.
- It is an interest-free loan that is repayable upon commercial
success.
- Funding will be towards direct project expenses, excluding any
and all capital expenses and company operating expenses.
Who's Eligible?
- Canadian SMEs, including startups
- Projects involving geomatics technology commercialization in
other sectors are also considered.
- Projects must provide full-time employment for at least one new
Highly Qualified Personnel (HQP). Priority will be given to
projects offering multiple HQP positions
How to Apply?
- Must submit an online application form during Call for
Proposals. Application form can be found on the TECTERRA
website.
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