Business professionals collaborating on innovation projects

Guide to IRAP Funding

Accelerating Your Innovation Journey with Canada's Premier R&D Support Program

March 15, 2024
12 min read

What is IRAP?

The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) is your trusted partner in innovation. We provide funding and advisory services to help Canadian small and medium-sized businesses grow through innovation and technology.

E

Engineering & Manufacturing

A machine shop developing an AI-powered quality control system to detect defects in manufactured parts. IRAP funding helps cover R&D costs, software development, and integration with existing machinery.

F

Food Service Innovation

A local pizzeria chain implementing an AI-driven demand forecasting system to optimize inventory and reduce food waste. IRAP supports the development of the prediction algorithm and integration with POS systems.

H

Healthcare Technology

A medical device startup creating smart monitoring equipment for remote patient care. IRAP funding assists with prototype development, clinical trials, and regulatory compliance.

C

Clean Technology

An environmental company developing new recycling processes for electronic waste. IRAP supports the research phase, pilot plant setup, and process optimization.

Financial Support Overview

01Funding Ranges

  • Small projects: $50,000 to $150,000 for early-stage innovation
  • Medium projects: $150,000 to $500,000 for technology development
  • Large projects: $500,000+ for complex R&D initiatives

02Cost Sharing Structure

  • IRAP typically covers 50-80% of eligible project costs
  • Higher coverage rates for smaller businesses
  • Company contribution can include both cash and in-kind resources
  • Funding is provided as a non-repayable contribution
Innovation and technology concept illustration

“Innovation is the key to unlocking Canada's potential. IRAP is here to help you achieve that vision.”

Detailed Eligibility Requirements

B

Basic Requirements

  • 1Be incorporated and profit-oriented
  • 2Have 500 or fewer full-time equivalent employees
  • 3Have the intention and capability to grow through innovation and technology
  • 4Be established in Canada
P

Project Requirements

  • 1Clear focus on innovation or technology advancement
  • 2Defined technical challenges requiring external expertise
  • 3Potential for commercial success and economic benefits for Canada
  • 4Sufficient financial resources to undertake the project

How IRAP Can Help You

Financial Support

Access funding to help your business create, develop and commercialize new technologies.

Advisory Services

Connect with expert Industrial Technology Advisors who understand your industry.

Program Timeline and Process

Initial Contact(1-2 weeks)

First connection with IRAP and assignment of an Industrial Technology Advisor (ITA)

Project Development(2-4 weeks)

Working with your ITA to develop and refine your project proposal

Application Review(4-8 weeks)

IRAP's evaluation of your complete project proposal

Contribution Agreement(2-3 weeks)

If approved, finalizing and signing the funding agreement

Ready to Transform Your Business?

Take the first step towards accelerating your innovation journey with IRAP support. Contact an advisor today to discuss your project.

Need Help with Your Application?

42 Labs can assist you with your IRAP funding application process. Our team of experts will guide you through every step.