NRC IRAP Innovation Assistance Program
Summary
The NRC IRAP Innovation Assistance Program provides financial support to Small and Medium-sized Enterprises (SMEs) in Canada. It funds research and development (R&D) activities aimed at creating new or improved products, processes, or services. The program supports innovative projects with the potential for significant commercial impact.
Eligibility Criteria
- Must be a Canadian Small or Medium-sized Enterprise (SME). - Must have a clear R&D project with the potential for commercialization. - Must be incorporated and operate for profit. - Must have between 1 and 499 full-time equivalent employees. - Must have R&D expenditures that are less than $500,000 in at least one of the previous two fiscal years. - Must have a minimum of $50,000 in annual R&D expenditures.
How to Apply
1. Visit the official NRC IRAP website: https://nrc.canada.ca/en/irap/programs/innovation-assistance-program 2. Review the program details and eligibility criteria carefully. 3. Contact an IRAP Industrial Technology Advisor (ITA) in your region. You can find contact information on the NRC IRAP website. 4. Prepare a detailed project proposal outlining your R&D activities, expected outcomes, and commercialization plan. 5. Work with your ITA to complete the application process, which may involve submitting business plans, financial statements, and technical documentation.