If I may, this is a new initiative, a pilot project that was approved in the federal budget to promote innovation and support small and medium enterprises. There are few components to this program. I can provide you with the background of the program, which is aimed at encouraging small and medium enterprises that have developed innovative products but are unable to test them on the market. The federal government wants to give them an opportunity to test out their products on the market.
The program has four priorities: the environment, health, security and enabling technologies.
To qualify the businesses must operate in Canada, must propose innovation with an 80% Canadian content, and must meet one of the four priority areas I talked about. They must not have sold their innovation commercially and have proposal costs less than $500,000.