Funding programs: Glossary of terms
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A
- Adoption
- The process of accepting, integrating and/or using new technology.
- Artificial Intelligence (AI)
- Technology that learns from data sets and algorithms to perform tasks that typically require human intelligence, like visual perception, speech recognition and autonomous decision-making.
C
- Commercialization
- The process of introducing a new product, process or service into the marketplace. It is achieved when commercial level sales and/or production are realized. This includes market diagnostics, development, customization of technology for broader (off-the-shelf) use, production expansion, supply chain integration and other activities aimed at bringing new technologies and solutions to market in the near term.
- Confirmed funding
Internal or third-party funding that has been confirmed by one or more of the following:
- bank statements
- unused portions of a line of credit
- official funding letters
- funding agreements
- signed term sheets
The following are not accepted as confirmed funding:
- forecasted revenues from future activities
- accounts receivables
- commitments to raise equity or to obtain future bank financing
- Scientific Research & Experimental Development (SR&ED) credit receivables
F
- Full-Time Equivalent (FTE)
- 1 FTE equals 1 year of full-time employment (40 hours per week).
H
- Highly qualified personnel (HQP)
- Individuals with university degrees at the bachelor’s level or above.
I
- Incremental cost
- A cost that would not be incurred if the project work was not carried out. A cost that rises because of project work, or that would be less had the project work not been done is usually incremental.
- Indigenous Development Corporation
- The economic and business development arm of a First Nations, Métis or Inuit government that invests in and manages businesses to financially support community interests.
- Indigenous Organizations
- These include Indigenous governments, Indigenous-led not-for-profit organizations and Indigenous-controlled businesses such as Indigenous Development Corporations.
N
- Non-government funding source
- Funding that is not from a municipal, provincial, territorial or federal government source.
P
- Project Funding Start Date
- The date when expenses are eligible for funding. It is established in a project agreement.
S
- Scientific Research and Experimental Development (SR&ED) tax incentives
- Tax incentives that encourage research and development in Canada. More details are available from the Canada Revenue Agency.
T
- Technology Readiness Level (TRL)
- A measure of a technology’s maturity and readiness for real-life applications. More information is available from Innovation, Science and Economic Development Canada.
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