This round of funding is now Closed.

Ottawa, Ontario - July 14, 2009 - Precarn Incorporated announced a new round of funding for industrial T-GAP, its program targeted at helping startup companies working in intelligent systems get their products to market faster.

There is a recognized chasm in  the commercialization of technologies especially in very small companies. It is the black hole on the 'research to reality' road where  innovative and viable technologies get lost. Because the development  step often lies outside the domain of traditional investment sources,  many valuable technologies and ideas are needlessly shelved. In an  effort to address this situation, Precarn has allocated $1,000,000 in  funds to advance technologies that show commercial promise. The  Technology-Gap Assistance Program (T-GAP) is the conduit through which  the funds are awarded.       

The T-GAP program has the following characteristics:         

•  A focus on very small (2-10 person) companies and start-up companies;     
• Maximum funding is $75,000;     
• Maximum Precarn support is 65% of total project costs;    
• Project duration of six months or less;     
• Proposals may be submitted at any time; and,     
• 50% of Precarn's contribution will be paid at the midpoint of the project and the remaining 50% will be paid upon project completion  and receipt of the final report.

Available  funds are primarily intended to bring technologies closer to commercial  readiness; naturally, this represents a wide range of different  activities, but some examples include:

• Building engineering prototypes,     
• Refining and implementing designs,     
• Conducting scale-up activities,     
• Product-specific market research,     
• Conducting field studies, or     
• Carrying out technical and market assessments.             

Equally diverse are the expenses that can be claimed under the program; typical examples include:   

• Salaries,    
• Consultants fees,    
• Materials and supplies,    
• Project-related travel, and     
• Other necessary direct costs.       

Download the T-GAP Proposal requirements here (PDF)

Download the T-GAP Proposal requirements here (MS-Word)

About Precarn
Precarn Incorporated is an independent not-for-profit company that supports the pre-commercial development of leading edge technologies. Precarn works with Canadian companies who are seeking to commercialize their new ideas to get an edge in the global market. Unlike other research funding programs, Precarn uses a collaborative model that includes a developer, a customer and an academic research partner in every project. This collaboration accelerates development, reduces risk and shares the cost of innovation. Precarn provides access to an extensive national network of world-class researchers, innovative companies and sources of funding.

Program & RFP information:
Rick Schwartzburg
Precarn Incorporated
Tel: (613) 727-9507 ext 231 Fax: (613) 727-5672

Media information:
Gary Gudbranson
Precarn Incorporated
Tel: (613) 727-9576 Fax: (613) 727-5672

This round of funding is now Closed.

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