TECTERRA InD - Industry Investment Program

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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