Innovation proposal guidelines for projects requesting less than $100,000 (Atlantic Fisheries Fund)
These are outlines of the information required to assist us in evaluating your proposed project.
The “application for financial assistance” form must also be submitted with your proposal. All proposal documents must be submitted in both paper and electronic format (USB/memory stick). Applicants are advised that it’s their responsibility to adopt appropriate security safeguards while transmitting information to us. For this reason, we cannot accept proposals or accompanying documents via email.
Additional information or clarification may be required from you during the due diligence process as the program officer reviews the information provided. Some projects may require advice from experts in a particular field as part of the process and in determining the overall risk.
The format of the proposal should be as a simplified research and development (R&D) project plan, which includes a project description and objectives in seeking contribution funding relating to the fund objectives. The following is an outline of a simplified R&D project plan. You must address each of these sections in the proposal, and the instructions below provide points for consideration when writing the proposal.
On this page
- Project title
- Applicant information
- Project summary
- Goals and objectives
- Project details
- Financial details
Project title
Provide a short concise title that conveys what the proposed product/process/service will be.
Applicant information
Provide name of applicant and applicant’s institution, body or organization.
Project summary
Provide a short description of the proposed product/process/service, including the proposed start and completion date.
Goals and objectives
Describe the goals and objectives of the project and explain how they relate to the fund objectives. For example:
- Does the project respond to a documented/recognized regional fisheries/aquaculture problem?
- List any of the issues and/or priorities to be addressed and identify all proposed solutions and actions to answer them.
- Does the project benefit/impact the fisheries/aquaculture sector?
- Describe how they will benefit from the proposed project (for example, increased productivity).
- Does the project provide access to new markets or enhance existing markets?
- List the markets expected to be accessed as a result of the project.
- Does the project provide critical infrastructure or other adaptations to assist the fishery/aquaculture sector respond to climate change?
- Describe how.
Project details
- Explain the details of your project, including work completed to date (if applicable).
- List the fishery and/or aquaculture and/or fish processing sectors (areas) impacted by the project.
- Describe the objectives and purpose in seeking contribution funding and how it relates to the objectives of the fund.
- For example, how will the project impact and/or benefit the Nova Scotia fishery/aquaculture/seafood processing sector?
- Benefits can include, but are not exclusive to, increasing sales, growing the Nova Scotia fish and seafood value chain, increased organization profitability, new or improved productivity and/or innovation, creating new markets.
- For example, how will the project impact and/or benefit the Nova Scotia fishery/aquaculture/seafood processing sector?
- Describe the problem you’re trying to solve.
- Outline the work plan/approach by describing the proposed activities (including the planning process).
- Include the expected results, milestones to advance the development of the project and long-term actions, such as monitoring and maintenance.
- For example, if you’re considering a new technology, describe how technology impacts your product and/or service.
- Consider how new and emerging technologies could impact your product and/or service, and why investment in new technology may be required.
- Define the business case.
- Focus on project rationale, value proposition, cost, return on investment, and associated risks.
- Provide an overview of current and proposed capacity to meet project deliverables by providing the experience/background/expertise of the applicant, project leader and cooperator(s).
Financial details
- Complete the table below and identify all sources of funding confirmed or expected, including the Atlantic Fisheries Fund contribution requested, and any in kind support.
- Provide project costs estimates (cash and in kind costs) to be covered by all sources of funding in the table.
- For each identified source of funding, include a brief description of the project costs to be funded and the amount requested for the whole duration of the project.
- Each organization must be listed using separate rows (for example, one organization/row).
- State any amounts owed to government in respect to taxes or government withholdings (municipal, provincial or federal).
- Provide the applicant’s current and historical financial statements.
- For example, financial statements and/or, for sole proprietorship or partnership, the complete T1 tax returns for the last 2 years.
- NOTE: black out applicant’s social insurance number and date of birth on all tax return pages.
- For example, financial statements and/or, for sole proprietorship or partnership, the complete T1 tax returns for the last 2 years.
- Provide any relevant supplier quotes.
| Project expenses (list all costs associated with your project) | Cost ($) net of HST/GST |
|---|---|
| Total project costs |
| Project funding summary | Amount of funding | Status applied/confirmed |
|---|---|---|
| Applicant(s) contribution | ||
| Support from industry | ||
| Support from other sources (specify) | ||
| Support from Atlantic Fisheries Fund | ||
| Total project funding |
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