To be eligible for funding consideration from the Centre for Research and Innovation in the Bio-Economy, proposals must meet the following mandatory criteria:
- Proposals must be for a forest bio-based product or process commercialization resulting in sales.
- Participants must adequately demonstrate their financial ability to carry out the project.
- Requested funding should be in the range of $150,000 to $1 million. Exceptional projects may be eligible to receive a higher amount.
- CRIBE funding can only support eligible expenditures of Ontario based projects.
- Not-for-profit and cooperative organizations are eligible as long as the proposal includes a credible private sector proponent.
- Government agencies are not eligible applicants.
The opportunity to use CRIBE funds to lever or match additional funding from other sources, both public and private, is encouraged as a means of getting maximum value for the limited funds available. However, there are no rigid rules pertaining to levered or matching funding. Each proposal will be judged on its own merit.
Direct salaries and wages paid by the recipient for individuals directly involved in the project are eligible at the rates shown in payroll documents. These documents may be required for verification or audit purposes.
Actual costs of employment benefits are eligible. Benefits costs can include the employer's portion of the Canada Pension Plan, Employment Insurance, health and dental plans, retirement plans and WSIB.
Overhead costs of up to 10% of the total project costs are eligible.
Direct Material Costs
Direct material costs including components required to test and produce models and prototypes that are outlined in the project plan are eligible. Copies of original invoices must be submitted with claims for amounts over $5,000. Invoices below $5,000 may be requested by CRIBE.
Consultants and Sub-Contractors
Work performed by a consultant or sub-contractor is an eligible expense if it is outlined in the original project plan.
To be an eligible expense, all equipment and purchase costs must be described in detail in the original project plan. Copies of the original invoice for all equipment over $25,000 must be submitted with project claims.
Costs of renting equipment essential to the project plan are eligible.
Eligible In-Kind Contributions
- Direct labour, benefits and overhead for personnel and facilities that are essential to the project plan but that are in no way being compensated for by CRIBE funding.
- Direct materials that are essential to the project plan but are in no way being purchased by CRIBE funds.
- Equipment costs are eligible at the lesser of market value or book value where the equipment is essential to the project plan and which has not been purchased, leased or rented, in part or entirely with CRIBE funding.
- Rental costs that are in no way being covered by CRIBE funding.
- Costs associated with patent search of filing in Canada, the U.S.A. and Europe are eligible if the patent search or file is directly related to the project plan and occurred within 18 months of submitting the project plan to CRIBE.
- If the value of the contribution is difficult or impossible to determine or if the recipient does not provide adequate documentation, the contribution will be deemed ineligible.