INNOVATION GROWTH PROGRAM (IGP) APPLICATION FORM LAST REV MARCH

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Innovation Growth Program Application Form

Innovation Growth Program (IGP) Application Form Last Rev: March 7, 2022

Innovation Growth Program (IGP)

Application Form


Program applicant information will be collected under the authority of Section 36(1)(b) of The Freedom of Information and Protection of Privacy Act (FIPPA) as the information relates directly to, and is necessary for the Innovation Growth Program (IGP). As a program applicant your personal information will be used and disclosed to assess and review your eligibility for the IGP program, to contact for further information, or to communicate future programming. Personal information is protected by the protection of privacy provisions of FIPPA. If you have any questions about the collection, use or disclosure of personal information, contact: Access and Privacy
Coordinator, Economic Development, Investment and Trade at 204
9456734.


Section 1: Company Information


Company’s Legal Name:


Company’s Operating Name:


Mailing Address:


Physical Address: (if differs from mailing address)


Contact Person (name & title):


Email Address:


Phone Number:



List of shareholders and their ownership percentage:


If the Company is a subsidiary, provide the legal name of the parent company:


List any companies affiliated with the applicant corporation: (Companies that share a common owner or group of owners)



Organization’s Primary Business:


Primary Business Category:

(Please BOLD one)

Life Sciences – Ag Biotech – Manufacturing – Clean Technologies –

ITC & New Media - Service – Other (please indicate)_________


Section 2: Checklist of Mandatory Application Requirements


MANDATORY APPLICATION REQUIREMENTS

I declare that the following statements are correct at time of application, and supporting documentation has been attached for verification:

Please indicate

Yes or No

Applicant corporation is a for-profit taxable Canadian Controlled Private Corporation - Attach Page 1 of most recent T2 tax return, or Start Up Letter for new companies.


Applicant corporation has a permanent establishment in Manitoba


Applicant corporation, and its affiliates on a consolidated basis, have annual revenue of $15 million or less, or have fewer than 100 full time equivalent employees.


Applicant corporation has owner investment of $25,000 in cash equity invested in the business.  Cash equity is defined as common or preferred share capital and / or retained earnings.


Applicant corporation, and its affiliates on a consolidated basis, pay at least 50% of total salaries and wages to Manitoba residents.


Confirm that the following documents are attached with this application:


A completed Application Form – WORD version


A completed and signed Application Form – PDF or scanned version


Current balance sheet and income statement of the applicant (no older than 3 months)


If applicant corporation has affiliated companies, attach a copy of Schedule 9 of most recent T2 tax return


Year-end Financial Statement including balance sheet and income statement of the applicant (for the last fiscal year)


Proof of matching project funding from non-government sources. (i.e. bank statements, letters, etc.)




Section 3: Product / Process Description and Market Environment


Please provide a brief description of the product or process being developed: (2 Lines)





Indicate your stage of market readiness - please BOLD one:

Product Development Testing and Certification Commercialization


What makes your product or process innovative?



Who is your target market? What is the size of your target market in dollars ($)?

Please include evidence to support your claims.




Section 4: Funding Request and Project Details


Amount of IGP Funding Request

$


Please provide a brief description of the specific project and project activities you propose to undertake with IGP Funding. Project activities must be completed (incurred and paid) within one year of the application intake closing date. (2–3 paragraphs)




Please use the chart below to provide an overview of the overall costs associated with the IGP project you have identified. Please complete all areas that apply to your funding request.


Type of Activity


Total costs for this stage


Source of Funding


Estimated timeline for this stage

(date - date)

IGP Assistance

Applicant

Other Manitoba Government Funding

Other Public Monies

Private

Development of new innovative products or processes – excluding internal labour

Prototype building








Tooling and moulds for prototype or production








Testing & Operational Trial Runs








Obtaining certification








Registering intellectual property








Other -

(Please describe)










Commercializing market ready innovative products or processes – excluding internal labour

Adaption costs for new markets

(i.e. packaging, translation, new patents, testing or certification)








Market development / expansion (including tradeshow costs)








Other -

(Please describe)











Internal Labour Costs – Project Specific

New Hires (MB) – IGP eligible








Internal Labour (MB) – IGP ineligible








Total $










Project Financing and Funding Sources

Public or Private

Funds

Nature of Funding

Please include: Name of Program / Partner & Type of Funding – i.e. investment, grant, loan, forgivable loan, subsidy, etc.

Amount

Confirmed or

Pending















Section 5: Commercialization Details


Describe the commercialization plan for your product. Please include a timeline for each stage.

(2–3 paragraphs)




Describe the competitive environment for your product. Outline key competitors, your competitive advantage, and how you plan to capture market share.





Section 6: Proposed Economic Benefits of Project


For the corporation, please indicate:

Anticipated

Economic Impacts

Estimated total annual sales ($)

Sales exports outside of Manitoba ($)

Leveraged Funding - Other government

Leveraged Funding - Private

Purchases from Manitoba suppliers

Current year

$

$

$

$

$

1 year from now

$

$

$

$

$

2 years from now

$

$

$

$

$

In 5 years

$

$

$

$

$


For the corporation, please indicate:

Manitoba Employment Table

Full-time

(#)

Part-time

(#)

Contract

(#)

Non Manitoba Based

Total Internal Manitoba Labour Expenses (Annual Salaries and Benefits from T4s)

At Present (Pre-project)





$

1 year from now





$

2 years from now





$

In 5 years





$


Please list Manitoba suppliers to be used in the capital and operating functions of the project:







Government Priorities

If applicable, please note how your project supports the Government of Manitoba’s commitment to:

  • inclusive growth (women, newcomers, and youth);

  • promoting the economic vitality of Manitoba’s francophone community;

  • advancing reconciliation with Indigenous peoples;

  • sustainable economic development (in alignment with the Climate and Green Plan), and / or;

  • fostering economic growth in the North (in alignment with Look North)


Note that supporting other government priorities is not mandatory for funding approval, but is considered desirable.












Section 7: General Business Overview


How long has your business been operating. As applicable, please briefly describe previous or related businesses successes and accomplishments. (2 - 3 paragraphs)



Describe the management team, including experience and capacity to carry out the project:




Section 8: Disclosure and Authorization


Notice about Personal Information:

Manitoba Economic Development, Investment and Trade (EDIT) is authorized to collect personal information on this form by section 36(1)(b) of The Freedom of Information and Protection of Privacy Act (FIPPA). The information will be used to:


Your personal information is protected by FIPPA. We cannot use or disclose it for any other purpose, unless you consent or we are authorized or required to do so by FIPPA. If you have any questions about your personal information, please contact the Access and Privacy Coordinator for Manitoba Economic Development, Investment and Trade at 2049456734.



Declaration and Consent

I declare that the information given on this application and any documents attached is correct and complete and fully discloses the project activities. I understand that:



Consent to Indirect Collection and Disclosure of Personal Information

I understand that Manitoba Economic Development, Investment and Trade (EDIT) may need to obtain additional information about my organization, including financial circumstances, income, assets, resources and credit history for the following purposes:


Specifically regarding the following Acts, I provide my consent to the Provincial Government and Municipal offices that administer these Acts, to disclose and provide information pertaining to the status of this applicant corporation to EDIT for IGP program purposes as described above:




I also consent to EDIT providing information from this application to other government departments, agencies, and to provincial strategic and regional partners under the Economic Growth Action Plan, as may be necessary for IGP program administration, evaluation and verification purposes.


Authorization:

Full Name of the Authorized Signing Officer:


Company Name and Position Title:


Signature:


Date:


Please submit an electronic copy (WORD version and PDF scan) of your completed IGP Application,

with the necessary supporting documentation to:

Innovation Growth Program (IGP)

Manitoba Economic Development, Investment and Trade

Email: [email protected] Phone : 204-945-2475




Page 5 of 5



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