The Canadian federal government has released their first budget since the start of the pandemic, with a focus on new funding programs for Canadian businesses and changes to existing ones to better support small and medium-sized businesses during COVID-19. The National Research Council’s Industrial Research Assistance Program (NRC-IRAP) plays a huge part in the Canadian federal 2021 budget by helping established Canadian businesses and start-ups receive grants of up to 80% of labour costs towards an innovative project.
The Canadian federal government has committed $100M/year towards the IRAP program over the next five years, totaling $500M.
IRAP is one of Canada’s most successful Research & Development grant programs, helping to not only fund Canadian-made inventions, but also offer advisory services throughout a project’s conceptualization, development, and commercialization.
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The Industrial Research Assistance Program (IRAP) is a Canadian government funding program designed to help Canadian SMEs (small and medium-sized enterprises) increase their innovation capacity and take ideas to market.
Amount of funding: Access up to 60%-80% of internal technical labour and subcontractor expenses.
Eligible Applicants: Incorporated and financially stable businesses with 1-500 employees are eligible to apply.
Eligible Activities: Innovative technical R&D projects with a level of technical uncertainty.
Deadline to Apply: Open intake. Two-stage application process that starts with meeting an Industrial Technology Advisor (ITA).
Learn more about grant funding through the Industrial Research Assistance Program (IRAP).
The Canadian federal government has allocated $250M in IRAP funding specifically meant for Canadian startups and early-stage businesses. In order to help startups throughout the pandemic, this funding can be accessed by those currently generating revenue or those still in the pre-revenue stage. Businesses accessing grant funding through the IRAP program mentioned above can also apply to receive startup funds through the high-growth startup stream.
This funding is part of a larger $270M that will be shared with Futurepreneur to help young Canadians start their own businesses by offering financial and business consulting support.
For a list of Canadian grant, loan, and wage subsidies for early-stage businesses, please visit our startup resources page.
Applying for an IRAP government grant can be a heavily administrative and taxing process when it is undertaken internally. Mentor Works is a team of government funding application writing specialists that provide our clients an average of 95% time-savings when compared to applying for IRAP funding in-house.
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