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Programs - Rural Eastern Ontario Innovation Initiative (RII)

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Funding will be allocated to innovative projects from businesses and organizations located in Prescott-Russell that will: 
  • Increase the number of high-growth firms.
  • Strengthen key clusters and build on areas of regional innovation strength.
  • Increase the commercialization of new and innovative technologies, products or processes.
  • Increase business investments in the adoption/adaptation of leading-edge technologies.
  • Create and maintain highly skilled jobs.
  • Increase the value of exports.
  • Promote inclusive growth and participation of traditionally underrepresented groups such as women, Indigenous and young entrepreneurs.
  • Strengthen opportunities and networks to drive growth, and support the attraction and retention of businesses and talent to the Prescott-Russell region.


​INFORMATION

Any questions or concerns regarding the application process and eligibility requirements may be directed to:
 
John Candie, Executive Director
Prescott-Russell Community Development Corporation
519 Main Street East
Hawkesbury, ON K6A 1B3
T: 613-632-0918 x 203

jcandie@sdcpr-prcdc.ca

PROJECT GUIDELINES

PROJECT DESCRIPTION, PURPOSE AND OBJECTIVES

The project will provide for continuity of service and investments in rural eastern Ontario, which continues to face challenges of lower income levels, fewer employment opportunities, and the out-migration of skilled workers.
 

RECIPIENTS
► ELIGIBLE

  • Legal commercial enterprises operating and located in the Prescott-Russell geographical area  and with a minimum of 2 years of operation in Prescott-Russell: individuals, corporations, partnerships and cooperatives
  • Not for profit organizations operating and located in the Prescott-Russell geographic area and with a minimum of 2 years of operation in Prescott-Russell, which aim to provide direct support to growth of local businesses and entrepreneurs
  • Aboriginal organizations operating and located in the Prescott-Russell geographic area which aim to provide direct support to growth of local businesses and entrepreneurs
  • Post-Secondary Institutions operating and located in the Prescott-Russell geographic area that target development of new entrepreneurs, creation of small businesses

► NON ELIGIBLE

  • Crown corporations; Federal and Provincial government commissions; Agencies; and Ministries
  • Social clubs
  • Businesses and organizations with less than two years of operations in Prescott-Russell


ELIGIBLE ACTIVITIES

Eligible activities may include but are not limited to:
  • Advanced manufacturing
  • Clean technology
  • Digital industries
  • Agri-food and food processing
  • Projects that focus on inclusiveness: young entrepreneurs, women entrepreneurs, Indigenous peoples, Official Language Minority Communities, persons with disabilities, immigrants and visible minorities


COSTS

► ELIGIBLE

(All eligible costs must be directly related to the project)
  • Labor (up to 50%)
    • Salary of new employees (see Appendix 1)
    • Salary of employee during training
  • Expertise (up to 50%)
    • Consultant fees (certification, training, human resource management)
    • Professional fees (lawyers, accountant)
  • Non-capital (up to 50%)
    • Furnishing
    • Communication & promotion
    • Training (on-site, online, travel see Appendix 1)
  • Capital (up to 50%)
    • Equipment
    • Renovations
    • Information technology

► NON ELIGIBLE

  • Costs that are deemed not incremental and/or not directly related to the project
  • Costs incurred prior to the date on the contract agreement
  • Costs associated with the development of basic websites
  • Cost of land, building or vehicle purchase
  • Cost of intangible assets such as goodwill, whether capitalized or expensed
  • Cost related to the development of a strategic plan or feasibility study
  • Cost of salaries of owners or existing employees
  • Cost of inventory
  • Core operational costs
  • Municipal infrastructure

FUNDING

Funding contributions to Not‐for‐Profit Eligible Project Recipients will be non‐repayable contributions toward direct eligible project costs, and may be up to 50% of total admissible cost up to a maximum of $50,000 per Eligible Project Recipient per year (2019-2021).
 
Funding contributions to
Private Sector For‐Profit Eligible Project Recipients will be non‐repayable contributions toward direct eligible project costs, and may be up 50% of total cost up to a maximum of $100,000 per Eligible Project Recipient for the duration of the agreement (2019-2021).
 
Multi-year projects must be supported by a detailed budget for each year.  Funding allocated in one fiscal year cannot be transferred into another.
 
No projects less than
$50,000 will be accepted

 

APPLICATION PROCESS

Applications will only be considered once the completed application and budget, together with all supporting documents are received.  An electronic version and a paper copy of all documents must be submitted. 
 
Applications will be received on a continuous process, first-come first considered basis and will remain open until all funds have been allocated.


 

APPROVAL PROCESS

After the submission of the completed application with all supporting documents, applications are assessed internally against the program criteria. 
 
Projects should expand business growth and allow SMEs to embrace the rapid pace of disruptive technologies by supporting the adoption of advanced business and innovation processes (e.g. new materials, cutting edge services software, integrated solutions, cloud computing, rapid prototyping and engineering, robotics and automation, machine learning and extended intelligence, etc.)
 
All RII projects are presented and approved by our Board of Directors on a monthly basis.  A decision will be made within 4-8 weeks.  Applicants will be notified as to whether their request is approved or declined.


 

PROJECT PROCESS

Approved applicants will receive a Contract Agreement outlining terms, conditions, reporting requirements and funding disbursement schedule. Activity reports and claim forms will be distributed and explained with the Contract Agreement.  All cost prior to the project approval date will not be eligible. 
 
Payments are processed on a reimbursement basis once the claim documents have been submitted along with invoices and proof of payment.  A claim may be submitted no more than once a month and no less than four times a year.  Project may be subject to 10% hold back of total contribution amount pending the project completion and final report submission.


 

PAYMENTS

The PRCDC will process the payment application and send a payment notice to the recipient when a payment has been made which will show the amounts claimed to date and the balance of the contribution (30 days).

Note:  The PRCDC accepts electronic claims for all expenses EXCEPT the final claim; original documents must be filed or mailed.


 

APPLICATION FORM

► DOCUMENTS TO DOWNLOAD 

For the pplication For the claims

► DOCUMENTS TO SUBMIT

For the application
  • Application form - online
  • Project budget
  • Financial statements (for the most recent two fiscal year-end – if applicable) & Year to date in-house financial statements
  • Business Registration, Articles of Incorporation or Letters Patent
  • Canada Revenue Agency (CRA) most recent Notice of Assessment 
  • Harmonized Sales Tax (HST) most recent Notice of Assessment
  • Municipal Taxes most recent Notice of Assessment
  • For Not-for-profit - Resolution of Council or Board Motion and list of Board Members
  • Request For Proposal (RFP) – Projects that involve hiring a consultant must provide an RFP for the recruitment and hiring of the consultant  (if applicable)
  • 2 Quotes for items to be purchased or services provided (if applicable) (NOTE: consultants and purchases must be from an at arms-length supplier to be eligible)
  • Training course outline or course information (if applicable)
  • Job Description for new hire (if applicable)
  • Letters of Support of partners (if applicable)
For the claims
  • Claim form (3 tabs)
  • Mid-term report
  • Final report 
 

INFORMATION

Any questions or concerns regarding the application process and eligibility requirements may be directed to:
 
John Candie, Executive Director
Prescott-Russell Community Development Corporation
519 Main Street East
Hawkesbury, ON K6A 1B3
T: 613-632-0918 x 203

jcandie@sdcpr-prcdc.ca