The Research and Development Facility (RDF) is targeted to those business enterprises that would like to introduce innovation ideas into their business in order to improve competitiveness and profitability.

Target Group

Business enterprises in the non-energy manufacturing and services sector, who wish to pursue research and development (R&D) projects as an integral component of their strategic and/or business plan.

R&D Projects

Areas of R&D that will be eligible for funding include:

• Improvement to processes
• Product development
• Adaptation of systems and technology
• Innovations in technology management systems and industrial engineering, e.g. product processes, logistics, supply chain, Good Manufacturing Practices (GMPs), etc.

Eligibility for the RDF

In order to be eligible to access the Research and Development Facility, applicants should meet the following:

• Business must be in existence for a minimum period of two (2) years
• Investment in non-property assets (machinery and equipment, working capital) $50,000- $5 million
• Annual sales turnover between $50,000- $5 million
• Business must be locally owned and operated
• Applicants must show evidence of ability to contribute a share of the cost of the project at least 33 1/3 %.

Application

Application forms are available at all Offices of the BDC. A processing fee of $100 is due upon submission of a completed application form.

The RDF Application Form can also be downloaded by clicking on this link.