Phase 2: Eligibility and Completeness Screening

ITO officials screen each proposal they receive to ensure that the applicant and project meet the six eligibility requirements and that the proposal contains adequate information upon which to start a due diligence review.

The screening is based on the information in the proposal, so applicants must ensure that it clearly addresses all of the eligibility requirements. If these basic requirements are not met, ITO will not consider the proposal further.

ITO will inform applicants of the results of the screening. Those proposals that pass will proceed to the due diligence review. If the proposal does not pass, ITO can either reject the proposal or accept a resubmission which addresses areas of concern.

Applicants whose proposals are deemed eligible for a full due diligence review will receive a letter confirming the Eligible Costs date. Applicants may incur up to 20 percent of eligible project costs between the Eligible Costs date and the Contribution Agreement (CA) date. The eligible costs date is the date on which the proposal is deemed complete and ready for the in-depth due diligence review. The CA date is the date on which the CA between the applicant and the Minister of Industry is signed. Once the CA is signed, recipients may submit claims for eligible project costs in accordance with the terms of their CA. ITO will not reimburse applicants for any eligible costs should their proposal be rejected after the due diligence review or should the CA not be signed, for whatever reason.Once the proposal is reviewed, ITO informs the applicant whether or not the proposal meets the eligibility criteria. If the proposal is eligible, a letter is sent to the applicant indicating that the proposal will proceed to the next stage of review, the project assessment. If a proposal does not meet the eligibility criteria, ITO rejects the proposal.

Please read, Phase 3: Due Diligence Review.