What is the Opportunity Calgary Investment Fund?
In response to the current economic environment the City of Calgary established the Opportunity Calgary Investment Fund as a tool to attract and support transformative investments in the city.
The $100-million fund offers opportunities for private sector companies, non-profits and public institutions making transformative investments in Calgary that will be catalysts for economic growth, diversification, increased employment, and expansion of the property tax assessment base.
Who is Eligible?
Innovative and catalytic projects don’t necessarily fit in an easily defined box. In order to promote innovation and creativity the eligibility criteria are minimal and general.
To qualify for OCIF funding, the applicant:
- Must be registered to do business in Canada
- Cannot be an individual
- Can be locally, nationally or internationally based
- Can be for-profit, non-profit or a public institution
- Can be a partnership, although a lead applicant must be identified
To qualify for OCIF funding the project must:
- Be located in Calgary
- Be catalytic and innovative
- Create economic benefits that are realized in Calgary
- Create jobs
To be successful in receiving OCIF funding, applicants must demonstrate how their project is aligned with the following assessment criteria:
For more information, please view the Program Guide.
Applicants must submit the Idea Submission Form through the application portal. It will then be evaluated against the eligibility and assessment factors. Organizations are encouraged to read both the Program Guide and the Application Guide for the Idea Submission Form before beginning their application.
Applicants with significant OCIF funding potential will progress to the next phase and will be required to submit a detailed Business Case.
Successful applicants who are approved for funding will be required to complete ongoing monitoring and reporting on the funds received during the development phase as well as during ongoing project operations.
The typical response time for submissions is two to four weeks.
The first applications will be reviewed on May 25, 2018, there is no benefit to submitting immediately upon launch of the fund. Applicants that submit from April 25 to May 25 will not receive a decision notification until June 20, 2018.
Applications will be accepted until all funds have been allocated.
Published April 30, 2018