The Ignite program aims to provide academic and industry consortiums or project partnerships with the opportunity to accelerate their innovations towards commercialization, to help solve known industry problems and provide significant economic, environmental, social and/or health benefits to British Columbians.
The specific objectives of the program are to:
- Support market-driven research and development aimed at addressing the core needs of local industry sectors to improve their competitiveness and provide strategic benefits to British Columbia;
- Strengthen strategic academic-industry partnerships that provide opportunities for advanced technology transfer and commercialization;
- Support talent development and training of high-caliber personnel through collaborative research and development work between industry and post-secondary institutions;
- Enhance British Columbia’s economic development by supporting the commercialization of new technologies in various sectors.
Award Amount and Duration
Awards are valued to a maximum of $300,000 (CAD) over a 3-year maximum project duration. Projects must secure matching funds from industry or government sources at a ratio of 2:1 matching dollars to Innovate BC’s Ignite dollars ($1 Ignite funds matched by applicants with $2 dollars from other sources).