Call for Applications – Small and Medium Sized Businesses
November 24, 2017
OTTAWA: Jim Eglinski, Member of Parliament for Yellowhead, is pleased to inform constituents of a funding opportunity for small and medium sized businesses in his riding.
On October 31, 2017, Western Economic Diversification (WED) announced that it is accepting applications under the Western Innovation (WINN) Initiative.
Created by the previous Conservative Government in 2013, WINN is a program that offers repayable contributions to western Canadian businesses with less than 500 employees, to commercialize and bring to market innovative technology-based products, processes or services. To date, WINN has invested over $97 million in 85 projects.
Under the current Liberal Government, the program is prioritizing clean technology, clean resources, digital technology, advanced manufacturing, value added agriculture, and health biological sciences.
Repayable contributions cover up to 50% of total eligible costs for each project, to a maximum of $3.5 million per project. As long as the recipient is in good standing, interest will not be charged.
The deadline to apply is November 29, 2017.
“I encourage all eligible business leaders in Yellowhead to consider applying to this worthwhile opportunity,” concluded MP Eglinski.