Amount: Up to $50,000, extendable upon project approval
The Industrial Research Assistance Program (IRAP) – Accelerated Review Process supplies funding suited as technical or research oriented to solve innovative challenges. The provided funding supports software implementation, productivity improvements, and production design or marketing projects. Federal funding is released on April 1st of each year. Not suitable for training projects.
Eligibility Criteria: Industrial Research Assistance Program (IRAP – ARD)
- Must have been incorporated for at least 2 years
- Small or medium-sized enterprise in Canada, incorporated and profit-oriented;
- 500 or fewer full-time equivalent employees; and
- Have the objective to grow and generate profits through development and commercialization of innovative, technology-driven new or improved products, services, or processes in Canada.
Eligible Costs: Industrial Research Assistance Program (IRAP – ARD)
- Internal Labour (salaries and wages of the employees)
- Subcontractors’ Cost
- Examples of the eligible activities:
- Small R&D projects limited in scope and nature
- Research or technology evaluation-related travel
- Market research and competitive intelligence studies
- Technical Feasibility studies
- Internet protocol (IP) assessment and assessment of technology needs for adoption of technology.
- Lean manufacturing/productivity studies
- Other projects not entirely technical in nature
- IP planning and strategy assistance
- Validation of technology which in turn can attract external investment
- Product prototyping, development, and enhancements
- Business process mapping
- Supply chain diversification
- Submit project proposal
- Submit a company overview
- Submit an innovation plan
- Submit all required proposals, documents, and forms in a timely manner in order to ensure priority access to the funds
Examples of the Projects Approved by Industrial Research Assistance Program (IRAP – ARD):
Industrial Research Assistance Program (IRAP) funded many businesses in Canada over the years.
For example, Rianta Solutions that received up to $440,000 as a Kanata, Ontario-based designer, developer, and manufacturer of innovative data centre technologies and TRC Manufacturing, a hydraulics manufacturer that based in Moncton, New Brunswick.