General Terms and Conditions
- All expenses must comply with the Springboard Contribution Agreements.
- The Applicant is responsible for any expenditures and commitments greater than the amount awarded.
- The Applicant acknowledges that funds shall only be used for activities carried out after the date of submitted application to Springboard Atlantic.
- The Applicant and/or provider must provide a proof of payment including receipts or other documentation to show that Startup co-investment/match was completed. Proof of expenses must be retained in case of a request from auditors.
- Project changes must be pre-approved before expenses occur. Extensions for project time and project cost increases must be requested in advance of the costs being incurred and are not automatically granted. Awards must be spent within the awarded timeframe unless otherwise approved.
- Applicants acknowledge that any information which has been shared in engagements with Springboard Atlantic and evaluation committee including any personal information contained in any records, information, audit and evaluation and other reports provided may be provided to the federal government for evaluation, audit and other programmatic purposes.
- The Applicant must provide survey responses on all follow up reporting.
- The applicant acknowledges that the service provider is a Canadian entity.
- A Final Project Report is required by three months after project completion. Any press coverage or success stories regarding the event is to be included.
- Appropriate acknowledgment of financial support provided by Springboard Atlantic and ISED will be included in any information relating to the project issued the award recipient.
- The participants also agree that Springboard Atlantic may publish the award amount and company title in external communications. Companies may be approached for other media related or outreach efforts.
- Applicants agree to receive Springboard Atlantic newsletters and emails. Applicants may opt out at any time.
Springboard Atlantic makes no claim to ownership of any Intellectual Property generated by the Startups solely by virtue of the Startup having been provided IP support through the Project. Applicants are encouraged not to disclose any IP.
Funding Amounts
Funding amounts cannot exceed $100,000 and program contribution is between 65%-90%. The co-investment requirements for awards are structured based on the specific nature of the project and the startup’s funding history. For most projects, the standard co-investment rate is now 20% of eligible costs. However, for startups that have already been awarded more than $75,000, any funding received above that $75,000 threshold will require a higher co-investment of 35%.
| Lifetime Awards Received |
Co-Investment Requirement |
Springboard Atlantic Amount |
| Up to $75,000 |
20% of eligible costs |
80% |
| Above $75,000 |
35% of eligible costs (applies to the portion over $75k) |
65% |
Eligible Expenses
- Costs related to filing, prosecuting and/or registering IP with IP offices, including, but not limitedto, IP landscape search and analysis, drafting of IP applications, filing of IP applications, requesting examination of IP applications, prosecuting IP applications and filing and registration fees forformal IP protection
- Contract services to conduct IP Assessments, including freedom to operate and other basicsearches, market intelligence and technology scans.
- Contract services to conduct detailed formal IP search reports.
- Contract services to develop an IP Strategy and/or IP Management Plan.
Ineligible Expenses
- Litigation costs, including enforcement of IP rights against a Third Party and those that are anoutcome of the filing process
- Ongoing licensing fees of Startups
- Costs related to maintenance or renewal fees on IP applications or registrations
- Infringement and enforcement related costs
- Costs associated with the repayment or refinancing of an existing debt
- Costs associated with the purchase of any assets for more than the fair market value of said asset
- Costs of amortization
- Costs of land, building or vehicle acquisition
- Costs of goodwill