Canada – South Korea 2021 collaborative industrial research and development call for proposals

To be considered for funding, applicants must form a project consortium and develop a collaborative R&D project that meets the following criteria:

1. The project consortium must include at least:
   • 1 incorporated Canadian small or medium-sized enterprise (SME), defined as a for-profit company with 500 or fewer full-time equivalent employees
     • participation of Canadian research institutes/universities, large enterprises and other companies are welcome as additional participants on a self-funding basis or as sub-contractors
   • 1 eligible South Korean R&D-performing company
     • participation of South Korean research institutes/universities are welcome as sub-contractors
2. The project partners that form the consortium must:
   • be capable of implementing the project including funding their respective share
   • agree in advance on intellectual property rights and a commercialization strategy and
   • not be related in terms of corporate ownership
3. The project must focus on co-developing a product, process, or technology-based service that:
   • is highly innovative
   • has significant commercial potential
   • has outcomes that can be realized within 2 years of completion of the project, and
   • does not involve R&D related to products, processes, or technological-based services with military or non-peaceful applications
4. The project must demonstrate:
   • the unique scientific and technological contribution that each organization brings to the project
   • an obvious advantage and added value for each project partner resulting from the collaboration, such as an increased knowledge base, an access to R&D infrastructure or new fields of application or a solutions for commercial needs and
   • an adequate balance and significance for all project partners, with no more than 75% of the project budget contributed by any one organization or country

In addition to the above eligibility requirements, each applicant must meet their country-specific requirements, outlined below:

4.1 Canadian eligibility requirements

Canadian applicant(s) must also meet the following criteria:

1. The Canadian SME must have a technology that is:
   • competitive in global markets, differentiated, and protectable, such as a unique or novel patentable technology that may alter the industry or market
2. The Canadian SME must be committed to:
   • pursuing growth and profit by developing and commercializing innovative, technology-driven new or improved products, processes or technological-based services and
   • aggressive growth through global market expansion
3. The Canadian SME must be ready, and have the resources to:
   • make a serious new market entry push, typically having more than 15 full-time equivalent employees and $500,000 CAD in annual revenue and
   • complete a collaborative project with international partners