Call for ap­pli­ca­tions – Small and medium sized busi­nesses

The McLeod River Post - - Viewpoint -

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 per cent 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.

More in­for­ma­tion can be found at www.wd-deo.gc.ca/eng/home.asp. The WINN ap­pli­ca­tion is avail­able at www.wd-deo.gc.ca/eng/14771.asp.

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