BNB-Technology Adoption and Commercialization Program

This document is based on information from Business New Brunswick's Web site as of February 2008.

The Technology Adoption and Commercialization Program (TAC) provides financial assistance to manufacturers, processors and selected services firms to help address the gap in financial support of the technological innovation and pre-commercial product development needs. Assistance is limited to up to 40% of eligible costs, to a maximum of $15,000.

Eligibility Criteria

Manufacturers, processors and selected services firms. 

Eligible Activities

Eligible projects:

• Specialized software and communications costs directly associated with the manufacturing, production process and selected services
• Software development costs associated with a project
• Patent and intellectual property research and protection costs
• Market and technical intelligence gathering and interpretation
• Costs associated with the acquisition of specialized knowledge
• Specialized product and service testing to validate product market readiness
• E-Business enablement costs relating to training, software, consultation
• Risk sharing with Industry (Proponent), Atlantic Canada Opportunities Agency and/or Industry Canada in financing the commercialisation of a new product or process
• Promote and encourage “First User Risk Reduction”
• Direct costs for conferences, technical shows, plant visits, etc., to obtain knowledge of competitive technologies, processes and products
• Quality assurance programs and certification of products
• In-house technical training programs by a third party
• Strategic Assets and Services resulting in increased competitiveness

Summary

Available financial assistance under TAC:

• Assistance limited to up to 40% of eligible costs, to a maximum of $15,000.
• Per diem of $100.00 per overnight for one person in Canada up to three nights, $150.00, out of Canada, up to five nights, and $200.00 for overseas, up to five nights (exceptions require justification and prior approval from management and additional person per out of province event @ 50% per diem rates).
• 20 cents per kilometer for use of own vehicle or rental vehicle.

For further information on the Technology Adoption and Commercialization Program, call Business New Brunswick at 506-453-2727. For information on other available business development programs, please visit Business New Brunswick's Web site at:  http://www.gnb.ca/0398/menu/abo/fa/index-e.asp.

New Brunswick Contact(s):
Business Development Branch
Business New Brunswick
P.O. Box 6000
Fredericton, New Brunswick  E3B 5H1
Telephone: 506-453-2727
Fax: 506-457-7282