ONE STEP APPLICATION PROCESS

For funding requests of up to $50,000 and all Innovation Support Projects

The one step process is designed to simplify and accelerate the application process for projects requiring $50,000 or less in funding and all Innovation Support projects. The application is reviewed by the Regional Advisory Committee and then by the Board of Directors. The final decision is usually provided within 60 days of the application intake deadline. 

TWO STAGE APPLICATION PROCESS

For funding requests from $50,000 - $300,000

Stage One

This is a summary process to evaluate concepts, community support and potential benefits. Approved projects are invited to submit a Stage 2 application, within 6 months of Stage 1 approval. Denied projects are invited to address deficiencies and reapply. 

Stage Two

This is a more detailed process that evaluates the specifics of the project business case. If approved, projects must provide proof of matching funding and begin implementation within six months of approval. Stage 2 applications that are denied may appeal the Board decision by providing a written submission within 30 days of notification of the denial.

The full two stage process will generally take from four months to more than one year, depending on the quality of the application and/or how quickly the stage two application is submitted after stage one approval. 

 

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

3,650
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$236
million leveraged into the region

ICET By The Numbers

$50.5
million disbursed

ICET By The Numbers

$52.1
million committed

ICET By The Numbers

212
economic development projects

ICET By The Numbers

170
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

2018-19 Annual Report

Stay informed with our latest news!

* indicates required