IRAP to Provide $500M in R&D Grants from Federal Budget 2021

Industrial Research Assistance Program (IRAP)

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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IRAP Business Research Grant Funding

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).

IRAP High-Growth Startup Funding During COVID-19

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.

Apply for IRAP R&D Grant Funding

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.

Need help? Call our tax funding and grants specialist team at (647) 709-6368

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