The call for proposals opened on September 30, 2016. CMHC accepts and reviews applications on a continual basis and funding announcements are made on a periodic basis.
CMHC requires the ability to use the information and ideas submitted by the applicant for research and evaluation. The Fund will take intellectual property rights and confidentiality into consideration.
Proposals that meet the innovation criteria are referred to the i3 Committee for further review. The i3 Committee has representatives from the federal government and experts from various sectors (e.g., financial, lending, academia and innovation). Applicants may have the opportunity to pitch directly to the i3 Committee, who will assess and verify the level of innovation and prioritize applications for review by CMHC.
Proposals that do not meet all criteria but show potential are referred to an Innovation Lab for refinement and potential resubmission. The Innovation Lab is an incubation hub within CMHC. The Lab provides access to technical resources and input for projects that have great potential but are not ready for funding.
If your proposal is not chosen to move forward at either of these levels, you may be invited to resubmit at a later date.
Funding is available for five years or until all funds are assigned (whichever comes first).