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Rural Broadband Fund - Deadline for Submissions May 24th, 4 pm
May 10, 2010
http://islandprosperity.com/rural/rb_programdetails.pdf
The Rural Broadband Fund (RBF) is a strategic partnership between Bell Aliant and the Province of Prince Edward Island. Both Bell Aliant and the Province have agreed to contribute $100,000 to this fund every year for the next five years to assist qualified companies located on Prince Edward Island to execute economic development based information technology projects.
This fund represents a commitment made by the Province and Aliant to increase investment in information technology to support projects demonstrating innovation in IT, primarily focused on rural and economic development through the utilization of the broadband network. The Rural Broadband Fund will support projects that create sustainable jobs in rural areas of Prince Edward Island or business ideas that stimulate use of the island wide broadband network.
The RBF will provide grants of up to $50,000 to cover eligible expenses as outlined in the project proposal. Applications will be evaluated by a review committee based on the project's level of innovation, commercialization strategy, job creation, market potential, use of the broadband network, qualifications of the proponent and identified partners, and the ability to meet budgetary requirements.
The Rural Broadband Fund (RBF) is a strategic partnership between Bell Aliant and the Province of Prince Edward Island. Both Bell Aliant and the Province have agreed to contribute $100,000 to this fund every year for the next five years to assist qualified companies located on Prince Edward Island to execute economic development based information technology projects.
This fund represents a commitment made by the Province and Aliant to increase investment in information technology to support projects demonstrating innovation in IT, primarily focused on rural and economic development through the utilization of the broadband network. The Rural Broadband Fund will support projects that create sustainable jobs in rural areas of Prince Edward Island or business ideas that stimulate use of the island wide broadband network.
The RBF will provide grants of up to $50,000 to cover eligible expenses as outlined in the project proposal. Applications will be evaluated by a review committee based on the project's level of innovation, commercialization strategy, job creation, market potential, use of the broadband network, qualifications of the proponent and identified partners, and the ability to meet budgetary requirements.
Should the project fail to comply with the terms and conditions of the contract or be discontinued, government and Bell Aliant may, at its sole discretion:
- Declare the applicant to be in non-performance (default) of the contract.
- Request the applicant to repay in full the incentive received.
- Take necessary legal action to collect the incentive amount in full with interest.
Each successful applicant will be required to participate in promotion of the grant, at the request of the RBF Committee, and shall be required to provide periodic updates, in the form of reports to the RBF Committee, outlining the progress of their projects.
Right of First Refusal:
In exchange for Bell Aliant's participation in the RBF, successful applicants shall agree to provide Bell Aliant with the first right to negotiate a development agreement on said product which arises as a result of the grant funding.
Intake Deadline:
The intake deadline for full applications will be May 24th, 2010 at 4:00 p.m. Applications will not be accepted after the due date and extensions will not be considered.
For More Information:
Applications and instructions are available online at www.islandprosperity.com or can be obtained by contacting our office.
For specific questions or inquiries regarding the program, please contact:
Cody Clinton
Project Assistant, IPS Programs
Innovation PEI
(902) 620-3441
ceclinton@gov.pe.ca
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