PICFI Aquaculture Development Source application form

Aquaculture development source application guide

The expression of interest process is now closed. Submissions are being assessed and successful applicants will be invited to provide a full business case. Further opportunities to apply for funding will be posted as they become available.

The plain text form on this page is for your information only. Refer to the PICFI Aquaculture Development Source application guide. To submit an application, please download the PDF version and return it to us. Submission instructions are in the guide.
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Please review important information regarding the application process prior to completing the application form.

Important: Applications with incomplete information or missing documents will not be evaluated until outstanding items are submitted.

Section 1: Applicant information

Mailing address:   Date:  
Application contact:
Business address (if different from mailing address):   Phone:  

Section 2: Checklist

Important: This section must be completed before submission.

Applications that do not include all relevant items in the checklist will be returned to applicants for completion.

Did you consult with the Business Development Team (BDT) to complete your application? ☐ Yes, name of BDT Advisor:
☐ No (Note: Applicants are strongly encouraged to consult the BDT before submitting their application. Services of the BDT are available to all applicants free of charge.
Did you submit a completed business case? ☐ Yes, list the file name(s):
☐ No
Did you submit the completed ADS tables (e.g., project estimates, project assessment)? ☐ Yes, list the file name(s):
☐ No
Did you provide regulatory approval documents (e.g., permits, licenses)? ☐ Yes, list the file name(s):
☐ No (Note: Applications that do not have the necessary regulatory approvals will be returned to applicants for completion.)
Did you provide financial statements for the preceding three years? ☐ Yes, list the file name(s):
☐ No
Did you provide resume(s) for the individual(s) involved in the proposed project? ☐ Yes, list the file name(s): ☐ No
Did you provide a certificate of incorporation and annual report (if applicant is a legal entity)? ☐ Yes, list the file name(s): ☐ No
If the project is related to farming activities, did you provide a production plan? ☐ Yes, list the file name(s): ☐ No
Did you provide cost estimates and quotes (minimum 1, ideally 3 per item) from suppliers and a detailed breakdown of costs (e.g., materials, labour rates and hours by tasks, shipping)? ☐ Yes, list the file name(s): ☐ No
Do you meet the minimum 10% own-source funding contribution requirement? waived for 2021 to 2022

Section 3: Aquaculture site information

Aquaculture license holder name:
If the aquaculture facility is not owned by the applicant, please describe the nature of the relationship between the owner and the applicant:
Aquaculture facility reference number or landfile tenure number:
Aquaculture site address:

Section 4: Regulatory approvals

Important: Applicants must obtain required regulatory approvals (e.g. permits, licenses, regulatory review) prior to submitting their application. Approvals may take up to 365 days and all permits and licenses must remain valid for the duration of the project. Applications that do not have the necessary regulatory approvals will be returned to the applicant and will not advance in the review process.

Applicants are advised to review the Harmonized Aquaculture Applications and Guidebooks, available on the Province of BC website.

For further information regarding regulatory approvals, contact the following regulatory authorities:

Disclaimer: the above is not an exhaustive list of regulatory authorities for an aquaculture project. Applicants are responsible for contacting the appropriate regulatory authorities regarding any review, permitting and legal requirements for their project.

Type of approval (e.g. permit, license, regulatory review) Permit or license number Date of approval or issuance

Section 5: Applicant and partners

Identify the principal applicant, as well as the name(s) of any nation(s) in the aggregate group and any affiliated business entities who are the partners in this project (if applicable).

Organization Nature of the relationship

Section 6: Goals and objectives

Identify the goals and objectives of the project as they relate to the PICFI ADS funding objectives, i.e. to create employment for Indigenous people, build capacity, generate revenue and profits and support economic sustainability of Indigenous community-led aquaculture operations.

Employment: How many new jobs will be created by the project? Of these, how many will be filled by Indigenous people?
Capacity building: How many people will be trained from the project? What type(s) of training will they receive?
Revenue: How much additional annual revenue will be generated by this project?
Profits: How much additional annual profit will be generated by this project?
Financial sustainability: How and when will the project sustain itself beyond PICFI funding?

Section 7: Project summary

Project category: ☐ Expansions or upgrades to existing aquaculture
☐ Equipment, gear and infrastructure acquisition for new aquaculture operations
☐ Other

Provide a brief plain language summary of the proposed project, including the objective and main purpose, core activities, timeline, and benefits.

Note: New aquaculture activities or infrastructure changes or expansions may require a license amendment or a new one.

Example for an existing operation: This project aims to expand the production capacity of an existing shellfish farm by focusing on increasing the number of lines and nets in our tenure, located in [xx]. The main purpose for the increased capacity is in response to current demand for our line of products as described in our business case. Main activities will include the construction of the lines, setup of nets, and deployment, all of which will happen between [month 1 and month 2 of the current year]. It is anticipated that the additional production from the farm will add at least one more employment position and increase our annual revenues by [xx].

Example for a start-up: Nation [name] has decided to invest in the aquaculture industry by providing auxiliary services. This project proposes to start a business related to transporting live shellfish to the main markets in Vancouver. We have identified the ideal technology that will provide the service at a reasonable cost for the producer but leaving us with a healthy margin, as it can be seen in our business case. The purpose for this project responds to a demand for such a service as demonstrated in the support documents provided which include emails from existing customers of shellfish farms [name(s)]. The implementation of the project includes the purchase of the live-hauling technology, set up on the vehicle, provide training, and begin operations by [month, year]. This project will benefit 2 community members who will be trained on [describe] and eventually employed by the company, which is expected to generate [xx] revenue in [month, year] and with projections to reach [xx] by [year].

Section 8: Key activities and breakdown of estimated costs and financing costing details (by activity)

# Activity Budget
1 $
2 $
3 $
4 $
5 $
6 $
7 $
8 $
Total cost of activities: $
Supplementary funding sources as applicable (private investment, retained earnings, financing, own source, other sources, etc.)
Own source (minimum 10%) waived for 2021 to 2022
Funding source: $
Funding source: $
Funding source: $
Total supplementary funding $
Total PICFI Aquaculture Development Source funding requested $

Section 9: Declaration and signature(s)

The information provided is an accurate description and accounting of the request for Aquaculture Development funding support.

Authorized signature (please print)




Note: This application and supporting documentation may be shared, in confidence, by the PICFI Project Authority, with appropriate regulatory authorities, the Independent Third Party Evaluator, Business Development Team and Application Review Committee as appropriate.

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