Innovation Rebate Program
Be more competitive in global markets.
The intake period for the 2020 Innovation Rebate Program is now closed.
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 the 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.
The intake period for the 2020 Innovation Rebate Program is now closed and applications are no longer being accepted. Please check back at a later date for information pertaining to the 2021 Innovation Rebate Program intake period.