$100 Million Industry Challenge

Guidelines and Submission


  • All information will be kept strictly confidential by intelliFLEX and will not be used for any other purposes. If we receive your permission to disclose your company (1) Total FHE-related investment and (2) FHE-related employment figures, we would include your organization totals in the TOP 25 Investors, TOP 25 Employers, Top 25 Fastest Growing Companies and Top 25 R&D Employers lists. If no permission is received from your firm, we plan to include these figures into the industry aggregate and ONLY report in aggregate form on an industry level.
  • Funds must be used for FHE-related product and application research, development and commercialization activities – not day-to-day operations.
  • Investments raised for activities that qualify for inclusion include construction and fitup of new facilities, acquiring new equipment, R&D, commercialization, business expansion, hiring staff.
  • These activities must take place within Canada.
  • Funds can be:
    • Redirect internally from own sales and cash flow, or
    • External equity investment such as seed, angel, private equity or venture capital investments they receive
    • Contributions from government programs such as NRC IRAP or other federal programs that require non-repayment.
    • Other financing sources such credit lines, leases for capital equipment, issuance of debentures etc.
  • Please indicate in the appropriate year the total amount, if you obtained VC financing even if it is for planned for multi-year spend.
  • Funds cannot be:
    • Government tax credits such as SR&ED

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