Innovation Rebate Program
Be more competitive in global markets.
The Innovation Rebate Program supports Nova Scotia businesses looking to increase their global competitiveness. The program provides financial incentives on projects that enable a company to increase innovation capacity through private-sector capital investments or adoption of new technologies and business processes.
The Innovation Rebate Program will work as a rebate against a company’s direct costs. Eligible expenditures will include direct costs of Eligible Projects as defined in the Innovation Rebate Program Guidelines.
An Eligible Project is a project approved by NSBI, for purposes of the Innovation Rebate Program, and may include:
- implementation of new or significantly improved production processes or waste stream processing;
- investment in production capacity to enter new markets and/or produce new products; and
- establishment of new production facilities in Nova Scotia.
An Eligible Project must have a total budgeted Nova Scotia investment (excluding tax) of not less than $2,000,000. The maximum amount of Eligible Project Costs to which the Innovation Rebate Program rebate will be applied is $15,000,000.
Eligible Projects must be approved by NSBI prior to March 31, 2020. All Projects must be completed within a three (3) year period.
How to Apply
Connect with a Regional Business Development Advisor to confirm eligibility and discuss next steps.
For complete program details or assistance in completing the application form, please contact the Regional Business Development Advisor for your region, or refer to the following: