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The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada and MLA Scott Johnston announced the Manitoba Aerospace Fund (MAF) on October 10, 2018. Western Economic Diversification Canada and the Province of Manitoba collaboratively developed MAF to support the business productivity and growth of Manitoba Aerospace SMEs.
MAF is a $1.6M fund available to qualifying SMEs in support of projects that will create economic growth, including the creation/maintenance of jobs and higher export revenues.
The Composites Innovation Centre is responsible for delivering and managing MAF. The MAF Program Management Committee will review the recommended projects and make the final funding decisions.
The program is primarily intended to support companies in the aerospace industry engaged in the design and/or manufacturing of aerospace parts and components (including supplemental modifications), maintenance, repair and overhaul of aircraft and or parts and components. Consideration will be given to companies in the aviation sector.
MAF will be open to enterprises that meet the following mandatory criteria:
Project funding will be provided to for-profit SMEs on a non-repayable basis over one fiscal year from April 1, 2019 to March 31, 2020. Project activities can run from April 1, 2019 through to December 31, 2020.
To be eligible for MAF funding, a project must meet the following criteria:
Priority will be given to projects that:
Examples of possible project activities could include but are not limited to:
Product or Process Commercialization
All interested applicants must submit their proposals to the CIC via e-mail by February 1, 2019.
Once the call for proposals ends, the MAF Program Management Committee will review the eligible proposals and select the final projects to receive funding.
Once the projects have been selected, the successful applicants will be notified and can begin preparations to start their projects April 1, 2019.
The approved applicants will be responsible for the following:
For more information on how to apply, please contact Gene Manchur at MAF@compositesinnovation.ca