(St. John`s, August 02, 2013) If you are an Atlantic Canadian Innovator then you likely know that ACOA has issued the latest invitation to those organizations intending to qualify for Atlantic Innovation Fund (AIF) support. It is time to put pen to paper. The application process starts with the submission of a mandatory Letter of Intent to ACOA before August 14, 2:00 p.m. AST. You then have just under three months to develop and submit a detailed Project Proposal not later than November 6, 2013, 2:00 p.m. AST.

In its invitation, ACOA points out that, in today’s global, knowledge-based marketplace, staying innovative is critical for success, no matter how large or small an organization may be.

The release goes on to say that many Atlantic Canadians are working hard to find a way to turn innovations into marketable products and services so they can grow their businesses and strengthen our economy. And the list of benefits organizations can reap by staying innovative is long ― improved bottom-lines, increased competiveness and productivity, and securing more customers in markets near and far. They say that, The Atlantic Innovation Fund (AIF) is here to assist and we want you to help spread the word to your network.“

Since its launch in 2001, the invitation states, AIF has been helping Atlantic Canadians compete in a global economy through the development and commercialization of new ideas, technologies, products and services.

A qualifying research would be a project undertaken by a business or research organization win which the proponents are aiming to:

… further develop an innovative product so it can be marketed

… develop or apply improved technology for your business

… bring a research idea from the lab to the marketplace …

― then it may be eligible for assistance under the Atlantic Innovation Fund.

To find out more about the Atlantic Innovation Fund and to see examples of Innovation at Work, visit: www.acoa.gc.ca.