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:

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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