The Innovation Rebate Program supports Nova Scotia businesses looking to increase their global competitiveness. The program provides financial incentives on projects that enable a company to increase innovation capacity through private-sector capital investments or adoption of new technologies and business processes. The Innovation Rebate Program will work as a rebate against a company’s direct costs. An Eligible Project may include:

• implementation of new or significantly improved production processes or waste stream processing;
• investment in production capacity to enter new markets and/or produce new products; and
• establishment of new production facilities in Nova Scotia.

An Eligible Project must have a total budgeted Nova Scotia investment (excluding tax) of not less than $2,000,000. The maximum amount of Eligible Project Costs to which the Innovation Rebate Program rebate will be applied is $15,000,000.