The following guidelines should be followed when determining the funding to be requested from OCE. OCE’s contribution to the project shall not exceed $1M. The minimum ask from OCE is $500,000. Eligible applicants will be entitled to be reimbursed up to 50 per cent of the total project cost. In other words. The applicant: OCE match should be 1:1.
If the applicant obtains additional government funding for the same project, total government funding of eligible project costs MUST not exceed 75 per cent. Government funding includes OCE, other Canadian government funds (federal, provincial and municipal) and Canadian SR&ED credits generated from project activities. The lead applicant and the partner can provide any combination of funding (cash and in-kind) to address the balance of eligible project costs not covered by the OCE under the condition that 25 per cent of the applicant and partner contribution should be cash.
For information about eligible expenses and costs, please refer to the OCE Eligible Expenses and Cost Instructions document. OCE’s contribution will match a combination of cash and in-kind eligible expenses from the Consortium Partners (Applicant and 3rd Party partners). Eligible expenses, whether cash or in-kind, must be an actual, auditable, at-cost expense incurred in support of the Project by the Applicant and qualifying Consortium partners. For example, lost revenue associated with taking a particular manufacturing line for the purpose of the Project does not qualify as an actual expense.
In-kind contributions from Consortium partners (3rd party partner(s)) are defined as Eligible Expenses for which the Consortium partner has not been compensated or reimbursed. Consortium partners (3rd party partners) may also be reimbursed by the Applicant for their costs provided that no profit is generated, however, these expenses are considered cash costs to the Applicant, not an in-kind contribution. Discounted market rates from Consortium partners do not qualify as an at-cost expense unless the partner can demonstrate (to an auditable standard) that the cost reported is cost-recovery without profit margin.
Note: Applicants must justify the amount of funding requested from OCE. OCE may choose at their sole discretion to award project funding for less than the requested amount.