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=== Step 2: Expression of Interest Submission ===
 
=== Step 2: Expression of Interest Submission ===
<p class="highlighted mw-collapsible-content">'''The''' departments submit a high-level Expression of Interest (EOI) that is used by the CRI to determine the eligibility of the project. To be eligible for funding, proposed experiments must clearly demonstrate how their funding request meets the criteria as outlined in the REEF Guide. It is highly recommended that applicants informally confirm the eligibility of their project by scheduling an informal consultation with the CRI before completing an EOI. EOI submissions are due January 16, 2024.</p><p class="highlighted mw-collapsible-content"></p>
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<p class="highlighted mw-collapsible-content">The departments submit a high-level Expression of Interest (EOI) that is used by the CRI to determine the eligibility of the project. To be eligible for funding, proposed experiments must clearly demonstrate how their funding request meets the criteria as outlined in the REEF Guide. It is highly recommended that applicants informally confirm the eligibility of their project by scheduling an informal consultation with the CRI before completing an EOI. EOI submissions are due January 16, 2024.</p><p class="highlighted mw-collapsible-content"></p>
    
<p class="highlighted inline mw-collapsible-content">Any Government of Canada regulator may apply for funding. Priority will be given to experiments where regulators have identified collaboration with regulated entities or other businesses with the aim of bringing applications of new and emerging technologies into the Canadian marketplace or enhancing competitiveness.</p>
 
<p class="highlighted inline mw-collapsible-content">Any Government of Canada regulator may apply for funding. Priority will be given to experiments where regulators have identified collaboration with regulated entities or other businesses with the aim of bringing applications of new and emerging technologies into the Canadian marketplace or enhancing competitiveness.</p>
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<p class="highlighted inline mw-collapsible-content">=== Step 3: Proposal Submission ===</p>
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<p class="highlighted inline mw-collapsible-content">'''<big>Step 3: Proposal Submission</big>'''</p>
<p class="highlighted inline mw-collapsible-content">Successful EOI applicants will be invited to complete the second stage of the application process which is the submission of a full proposal. Before developing a proposal, applicants should obtain the support of their Director General or above. The CRI supports applicants throughout the proposal development process. Regulators should refer to the Regulators’ Experimentation Toolkit to assist in identifying, designing, and carrying out regulatory experiments and sandboxes.</p>
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<p class="highlighted inline mw-collapsible-content">Successful EOI applicants will be invited to complete the second stage of the application process which is the submission of a full proposal. Before developing a proposal, applicants should obtain the support of their Director General or above. The CRI supports applicants throughout the proposal development process. Regulators should refer to the Regulators’ Experimentation Toolkit to assist in identifying, designing, and carrying out regulatory experiments and sandboxes.</p><p class="highlighted inline mw-collapsible-content"></p>
    
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<p class="highlighted inline mw-collapsible-content">Step 4: Funding Decision</p>
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<p class="highlighted inline mw-collapsible-content"></p>
<p class="highlighted inline mw-collapsible-content">Funding will be available from April 2023 upon completion of a MOU with the successful applicant and TBS, and is made available on a cost recovery basis.</p>  
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<p class="highlighted inline mw-collapsible-content">'''<big>Step 4: Funding Decision</big>'''</p>
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<p class="highlighted inline mw-collapsible-content">Funding will be available from April 2023 upon completion of a MOU with the successful applicant and TBS, and is made available on a cost recovery basis.</p><p class="highlighted inline mw-collapsible-content"></p>  
    
<p class="highlighted inline mw-collapsible-content">The department is responsible to forecast their expenses and include the spending schedule in the MOU. The department will be expected to submit scheduled invoices to TBS to recover the expenses incurred as well as submitting financial forecast to allow TBS to decommit the funds that the department no longer plans on recovering.</p>
 
<p class="highlighted inline mw-collapsible-content">The department is responsible to forecast their expenses and include the spending schedule in the MOU. The department will be expected to submit scheduled invoices to TBS to recover the expenses incurred as well as submitting financial forecast to allow TBS to decommit the funds that the department no longer plans on recovering.</p>
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