Advisory Team
8 min read • 2024-06-12
The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) remains the undisputed cornerstone of tech funding in Canada. Disbursing over $560 million annually, IRAP provides critical non-repayable contributions covering up to 80% of technical salaries to help SMEs commercialize groundbreaking innovation.
While core R&D funding (typically capping around $500,000 over 24 months for mid-sized projects) remains steady, IRAP has completely realigned its strategic sectors to mandate two major technological shifts: Artificial Intelligence and Clean Technology.
Recognizing the foundational shift AI is causing across all industries, IRAP has launched the AI Assist Program. This tailored initiative specifically subsidizes the costs for SMEs to incorporate machine learning, deep learning, and generative AI into their core products. It not only provides capital but also crucial connection to talent pools.
As of mid-2024, broad federal support for advancing clean technologies transitioned forcefully into the NRC IRAP portfolio. If your company is developing proprietary hardware or software that actively reduces industrial emissions or improves energy efficiency, you are now operating in IRAP's highest-priority funding tier.
Unlike standard grants with portal logins and rigid deadlines, IRAP operates on relationship-based funding. There is no initial application form. Instead, companies must pitch an Industrial Technology Advisor (ITA). Once an ITA champions your project, success rates soar.
Engaging an ITA requires a polished pitch deck focusing heavily on technological risk, commercial viability, and team capability. The team at Canadian Funding Partners Inc. has decades of collective experience navigating the ITA pitching process, ensuring your project narrative aligns seamlessly with their 2025 mandates.