What does FRIC mean in FUNDS
FRIC, an acronym for Fonds de Recherché Innovatrice et de Collaboration, is a Canadian funding program that supports innovative research projects involving collaboration between businesses and research institutions.
FRIC meaning in Funds in Business
FRIC mostly used in an acronym Funds in Category Business that means Fonds de Recherché Innovatrice et de Collaboration (French: Wanted Fund Innovative and Collaboration; Canada)
Shorthand: FRIC,
Full Form: Fonds de Recherché Innovatrice et de Collaboration (French: Wanted Fund Innovative and Collaboration; Canada)
For more information of "Fonds de Recherché Innovatrice et de Collaboration (French: Wanted Fund Innovative and Collaboration; Canada)", see the section below.
FRIC: Meaning in BUSINESS
FRIC is a key funding source for businesses seeking to collaborate with research institutions to develop innovative products, processes, or services. Through FRIC, businesses can access funding to support research and development (R&D) projects with high potential for economic impact.
FRIC: Full Form and Purpose
Fonds de Recherché Innovatrice et de Collaboration (FRIC) translates to Wanted Fund Innovative and Collaboration. The program aims to foster collaborations between businesses and researchers to:
- Advance research and innovation
- Drive economic growth
- Create high-value jobs
- Strengthen Canada's competitive advantage in the global marketplace
FRIC: Funding Structure
FRIC provides funding for projects ranging from fundamental research to commercialization. Funding amounts vary depending on the size and scope of the project, typically ranging from $50,000 to $5 million.
FRIC: Eligibility and Application
Businesses of all sizes, including startups, SMEs, and large corporations, are eligible to apply for FRIC funding. Research institutions must be based in Canada and have a proven track record in research and innovation.
FRIC: Selection Criteria
Projects are evaluated based on their:
- Scientific or technical merit
- Industrial relevance and potential for economic impact
- Collaboration strength between business and research partners
- Alignment with FRIC's strategic priorities
FRIC: Impact and Benefits
FRIC supports ground-breaking research projects that have made significant contributions to:
- New product and service development
- Job creation and economic growth
- Enhanced competitiveness for Canadian businesses
- Advancement of Canada's research and innovation ecosystem
Essential Questions and Answers on Fonds de Recherché Innovatrice et de Collaboration (French: Wanted Fund Innovative and Collaboration; Canada) in "BUSINESS»FUNDS"
What is FRIC?
FRIC (Fonds de Recherche Innovatrice et de Collaboration) is a Canadian funding program that supports innovative research and collaboration between Canadian and international researchers.
What types of research projects are eligible for FRIC funding?
FRIC funding is available for research projects that are innovative, collaborative, and have the potential to make a significant impact on their field. Projects can be in any discipline, including natural sciences, engineering, social sciences, and humanities.
Who is eligible to apply for FRIC funding?
FRIC funding is open to researchers from Canadian universities, colleges, and research institutions. International researchers may also be eligible to apply in collaboration with Canadian researchers.
What is the application process for FRIC funding?
The FRIC application process is competitive. Researchers must submit a full proposal outlining their research project, budget, and collaborators. Proposals are reviewed by a panel of experts, and funding is awarded based on the quality of the proposal and the potential impact of the research.
What is the deadline for FRIC applications?
FRIC application deadlines vary depending on the funding opportunity. Researchers are encouraged to check the FRIC website for current deadlines.
How can I find out more about FRIC funding?
Researchers can find more information about FRIC funding on the FRIC website or by contacting the FRIC program office.
Final Words: FRIC is a valuable funding program that enables businesses and research institutions to collaborate on innovative projects with the potential to transform industries, create jobs, and drive economic growth in Canada. Through its focus on collaboration, FRIC fosters a synergistic environment that accelerates innovation and strengthens the country's competitive position in the global economy.
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