Innovative Solutions Canada Program – Challenges (2022)

ByMaurice

Description:

Through the Innovative Solutions Canada program, the Government of Canada is partnering with eligible Canadian small businesses and facilitating the early development, testing and validation of prototypes, as well as preparing a pathway to commercialization. The Government of Canada is looking for innovators to solve challenges.

Comments on Funding:

Businesses can receive up to $150,000 in support to develop a proof of concept and up to $1 million in support to develop a prototype. Funding amounts are identified in each individual challenge.

Eligibility:

Applicants must be:

  • Be small businesses,
  • Be for profit and incorporated in Canada (federally or provincially)
  • Have 499 or fewer full-time equivalent (FTE) employees,
  • Be doing research and development activities that take place in Canada,
  • Have 50% or more of its annual wages, salaries and fees currently paid to employees and contractors who spend the majority of their time working in Canada,
  • Have 50% or more of its FTE employees with Canada as their ordinary place of work,
  • Have 50% or more of its senior executives (Vice President and above) with their principal residence in Canada.

Documentation Needed:

Current challenges are all related to IT. Things could be different in the future.

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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