Financial support for technology innovation – IRAP (2022)

Description:

The NRC IRAP Financial support for technology innovation provides funding for small or medium‑sized Canadian businesses to support research and development projects.

Through a broad range of international activities, the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) also provides direct support to small and medium-sized businesses with international interests. The international programs connect companies with the funding, advisory, export, and innovation services they need to access new markets and global value chains.

Comments on Funding:

This program cost-share only a portion of the cost of the R&D project activities.

Eligibility:

Applicants must:

  • Be incorporated, profit-oriented small or medium-sized business in Canada,
  • Have 500 or fewer full-time equivalent employees,
  • Plan to pursue growth and profit by developing and commercializing innovative, technology-driven new or improved products, services or processes in Canada.

Applications Steps:

The applicant must:

If successful, applicants will receive the financial contribution to share the costs of their R&D project activities, and they will need to submit monthly reimbursement claims to NRC IRAP. Your ITA will support them throughout their project.

Documentation Needed:

To assist NRC in undertaking preliminary due diligence of your firm to be considered for NRC IRAP support, please have available:

  1. a business plan or pitch deck;
  2. a copy of your company financials;
  3. resumes or biographies for each member of the management team and technical team on staff.

Other Things to Note:

See here for international programs’ calls for proposals and their deadlines.

Testimonials:

Charles Vidal receives 2020 Pip Rudkin Individual Achievement Award

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