Under the Innovation Solutions Canada (ISC) program, "Matched" refers to a specific type of funding opportunity.
Innovation Solutions Canada is a Government of Canada initiative that provides funding to small and medium-sized enterprises (SMEs) to help them develop innovative solutions to complex challenges. The program focuses on projects that address specific challenges identified by the Government of Canada, such as healthcare, environmental sustainability, and national security.
When a project is "Matched" under the ISC program, it means that the government has committed to providing funding to support the project, up to a certain amount. The matching funding is typically provided on a 1:1 basis, meaning that the government will provide funding equal to the amount of funding requested by the SME.
In other words, when a project is "Matched", it means that:
* The SME has proposed a project to address a specific challenge identified by the Government of Canada.
* The project has been deemed eligible for funding by Innovation Solutions Canada.
* The government has committed to providing funding to support the project, up to a certain amount (typically 1:1 matching).
* The SME will be responsible for providing a portion of the project funding, usually through their own resources or through other sources.
The "Matched" designation is an important milestone in the ISC program, as it indicates that the government has committed to supporting the project and is willing to provide funding to help bring the innovative solution to life.
(My understanding is that Zentek can also barter services and expertise in exchange for funding as well.)
Don't worry about a raise :)
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