Grant Application: Canadian Technology Development Grant
1. Company Information
Company Name: SolarWave Technologies
Business Number: 234567890
Address: 789 Renewable Energy Blvd, Toronto, Ontario, M5V 2T6
Contact Person: Michael Lee
Title: CEO
Phone Number: (416) 789-1234
Email: michael.lee@solarwavetech.ca
Website: www.solarwavetech.ca
Industry Sector: Renewable Energy Technology
2. Project Information
Project Title: Development of High-Efficiency Solar Panels
Project Duration: 18 months (Start Date: November 1, 2024; End Date: April 30, 2026)
Total Project Cost: $1,000,000
Amount Requested from Canadian Technology Development Grant: $600,000 (60% of total project cost)
Other Funding Sources: $400,000 (Company’s own funds)
Technology Readiness Level (TRL): Currently at TRL 5 (Technology validated in relevant environment), aiming to reach TRL 8 (System complete and qualified) by the end of the project.
3. Executive Summary
SolarWave Technologies is developing high-efficiency solar panels designed to maximize energy output in varied environmental conditions. This project involves enhancing current solar panel technology to achieve greater efficiency, durability and cost-effectiveness. The goal is to advance the technology from validation in a relevant environment to a fully qualified and market-ready system.
4. Company Background
SolarWave Technologies, founded in 2018 in Toronto, focuses on advancing renewable energy solutions. Our mission is to contribute to a sustainable future by innovating in the field of solar energy. Our team of 30 professionals including engineers, scientists and business developers is dedicated to pushing the boundaries of solar technology to meet global energy needs.
5. Project Objectives
Enhance the efficiency of existing solar panel technology.
Improve the durability and lifespan of solar panels.
Reduce production costs through innovative manufacturing techniques.
Conduct extensive field testing in diverse environmental conditions.
Achieve regulatory compliance and certifications for market entry.
6. Project Plan
Phase 1: Research and Development (Months 1-6)
Develop and test new materials for solar cells.
Optimize panel design for maximum energy capture.
Conduct laboratory tests to validate improvements.
Phase 2: Prototype Production (Months 7-10)
Manufacture small batches of prototype solar panels.
Refine production processes to enhance efficiency and reduce costs.
Phase 3: Field Testing (Months 11-14)
Deploy prototypes in various environmental conditions across Ontario.
Collect and analyze performance data to inform further improvements.
Phase 4: Regulatory Compliance and Certification (Months 15-18)
Ensure panels meet all necessary energy and environmental regulations.
Obtain certifications required for commercial distribution.
7. Intellectual Property
SolarWave Technologies is committed to protecting our intellectual property through:
Filing patents for new materials and production processes.
Securing trademarks for our products and technology.
Working with IP legal experts to ensure comprehensive protection and management of our IP portfolio.
8. Project Team
Michael Lee, CEO: Project Lead, overseeing overall project execution.
Dr. Laura Parker, Chief Engineer: Lead Engineer, responsible for R&D and prototype development.
David Johnson, Production Manager: Overseeing production processes and prototype manufacturing.
Emily White, Regulatory Affairs Specialist: Ensuring compliance with energy and environmental regulations.
9. Expected Outcomes
A market-ready high-efficiency solar panel system.
Increased adoption of solar energy due to improved efficiency and reduced costs.
Enhanced reputation of SolarWave Technologies as a leader in renewable energy technology.
10. Financial Plan
Total Project Cost: $1,000,000
Personnel Costs: $500,000
Equipment and Supplies: $200,000
Field Testing: $150,000
Regulatory Compliance: $100,000
Miscellaneous: $50,000
Funding Requested from Canadian Technology Development Grant: $600,000 (60%)
Company Contribution: $400,000 (40%)
11. Technology Readiness Level (TRL) Plan
Current TRL: TRL 5 (Technology validated in relevant environment)
Target TRL: TRL 8 (System complete and qualified)
Phase 1 (TRL 5 to TRL 6): Laboratory validation of new materials and optimized design.
Phase 2 (TRL 6 to TRL 7): Prototype production and initial field testing to validate performance in operational environments.
Phase 3 (TRL 7 to TRL 8): Extensive field testing, regulatory compliance and final adjustments leading to a complete and qualified system.
12. Conclusion
SolarWave Technologies is dedicated to advancing solar energy solutions that meet the growing demand for sustainable energy. Support from the Canadian Technology Development Grant will enable us to develop and launch high-efficiency solar panels, contributing to a greener future. We look forward to collaborating with the grant program to achieve significant advancements in renewable energy technology.
Submitted by:
Michael Lee, CEO
SolarWave Technologies
Date: June 6, 2024
