Financial support for technology innovation through NRC IRAP

 

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Call us toll-free at 1-877-994-4727 to learn more about NRC IRAP.

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Fuel your innovation

If you're a small or medium‑sized Canadian business pursuing technology‑driven innovation, you may be eligible for financial support from NRC IRAP. We provide this funding to eligible firms under our technology innovation projects and youth employment strategy programs.

NRC IRAP provides funding to support research and development projects at various stages of the innovation cycle. In 2018‑2019, NRC IRAP was mandated to expand its support to include an increased funding threshold of up to $10 million for larger research and development projects. This increased funding support will make it easier for small and medium‑sized Canadian businesses to access the support they need to grow and expand their companies.

Working as an extension of traditional NRC IRAP support, the additional funding for larger research and development projects is targeted toward firms that will have demonstrated to the program the ability to grow rapidly and significantly. These firms will be identified by NRC IRAP with the objective to help recipients of this increased funding threshold achieve transformative growth within 5 years of completing their project and, in so doing, significantly benefit Canada's economy.

Am I eligible for financial support?

If you meet the following criteria, connect with NRC IRAP by calling 1-877-994-4727 to find out if your business is eligible for NRC IRAP support:

  • you are an incorporated, profit-oriented small or medium-sized business in Canada
  • you have 500 or fewer full-time equivalent employees
  • you plan to pursue growth and profit by developing and commercializing innovative, technology-driven new or improved products, services or processes in Canada

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

  • a business plan or pitch deck
  • a copy of your company financials
  • resumes or biographies for each member of the management team and technical team on staff

What happens next?

If we determine that NRC IRAP support could benefit your development and growth strategies, we will refer you to an industrial technology advisor (ITA).

Understanding your business

Your ITA may meet with you in person to understand your business in more detail, including your business strategy, the issues you face, opportunities for growth and your plans for the future. This information will help the ITA develop a diagnostic to identify perceived gaps and recommend strategies for addressing them.

Developing a project proposal

Following your ITA's assessment of your business and proposed project, they may invite you to develop a project proposal for financial support through NRC IRAP. We will assess your proposal within three months, taking into consideration:

  • the project's technical aspects and potential impacts on your business
  • your business, management, and financial capacity
  • your assessed potential to achieve expected results
  • your commercialization plan
  • the overall market and commercialization opportunity
  • the anticipated benefits to Canada

If successful, you'll receive the financial contribution to share the costs of your R&D project activities, and you will need to submit monthly reimbursement claims to NRC IRAP. Your ITA will support you throughout your project.