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LOI Template

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LOI Template
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posted:
12/1/2011
language:
English
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4
Atlantic Innovation Fund – Round IX

Letter of Intent



Date:



To: Atlantic Canada Opportunities Agency



From: (Name of Proponent):



Address:







With this letter of intent, our organization wishes to advise ACOA of its intention to

submit a formal project proposal for consideration under the current round of the

Atlantic Innovation Fund.



A- Proponent Information



Business Number:

The Business Number (BN) is a 9-digit federal numbering system which is assigned to a

business (one business, one number) to deal with the Canada Revenue Agency.



Organization Type (check only one):



Non-profit: Private Sector:



 University  Incorporated Company

 College  Sole Proprietorship

 Other Post-Secondary  Limited Partnership

 Research Centre  Cooperative

 Industry Association

 Other Non-Profit



B- Project Information



Project Name or Title:



Contact Name:



Title:



Telephone Number:



Principal Project Location:



1

1. Applicable Sector (check only the most prevalent one) - Note: normally, ACOA will

assign projects to the sector in which the technology is being applied (e.g., an innovative

application of computer software for environmental monitoring would be assigned to the

environment sector and cross-referenced to the software sector.)



 Aquaculture

 Energy

 Environment

 Information Technology:

 E-commerce

 Software

 Wireless

 Geomatics

 Life Sciences:

 Biotechnology

 Genomics

 Health/Medical

 Manufacturing/Processing

 Natural Resources

 Ocean Industries

 Defence and Aerospace

 Physical Sciences (Physics, Chemistry, Engineering)

 Other, specify ___________________________



2. General Description of the Research Proposal - include the project objectives, anticipated

deliverables and challenges. (approximately 1 ½ page)



3. Project Financing - demonstrate progress toward having a realistic financing plan in place

to undertake the project in its entirety, without interruptions due to lack of or delays in

securing appropriate financing. Identify confirmed financing by inserting a checkmark

where appropriate in the “Confirmed?” column of the budget table.









2

Estimated Project Costs and Financing

Estimated Project Costs Estimated Project Financing

Total Amount Contributor Total Amount Confirmed?

Building / Renovations

Other Capital Costs

Wages and Salaries

Other Operating Expenses

Requested AIF

Contribution

Total Project Costs: Total Project Financing:



4. Key Project Collaborators ( ½ - 1 page)



a. Research Team - list the team members, identified as key to the project’s success,

and demonstrate progress toward having their participation confirmed or indicate the

likelihood that their participation will be confirmed.



b. Key Collaborators - identify key project collaborators and demonstrate progress

towards having partnership details sufficiently discussed to reasonably expect that

partnership agreements could be executed within six months of project approval.



5. Commercialization Potential of the Research - identify the proposed resulting product,

process or service and associated market potential. ( ½ - 1 page)



6. Project Governance - demonstrate progress toward the development of a governance model

for the project, which outlines team members’ roles and responsibilities, including the

project management function. (ACOA strongly recommends that project management be

held by someone other than the lead researcher.) ( ½ - 1 page)



7. Regulatory Approval – if applicable, proponents must demonstrate progress toward

receiving regulatory approval, or that a strategy has been developed to obtain this, for any

phase (e.g., R&D, production, commercialization) of the proposed project.









3

I hereby consent to ACOA sharing the information contained in this letter with other federal

departments or agencies that may be called upon to help in the assessment of AIF project

proposals. This information will be treated in accordance with the Access to Information Act and

the Privacy Act.







Name of Signing Authority for Proponent:

(Please Print)



Signature of Signing Authority for Proponent:









4


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