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Details: 

This was handed off to the business people for submission in 2011.

Canada’s NRC runs the Industrial Research Assistance Program (IRAP). It provides financial support to qualified small and medium-sized enterprises in Canada to help them undertake technology innovation.

In order to be considered for possible IRAP funding, the basic eligibility criteria are:
  • be a small and medium-sized enterprise in Canada, incorporated and profit-oriented;
  • have 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.
Before entering into a financial commitment with a client, both the firm and the project are evaluated by the government on an individual basis during a consultation with one of our Industrial Technology Advisors (ITAs) located across Canada. Both the firm and the project are assessed by IRAP. Specifically, the due diligence process assesses:
  • the business and management capabilities of the firm and the company's potential to achieve the expected results and outcomes associated with the proposed project;
  • the financial capabilities of the firm and its plan to commercialize the developed technologies; and
  • the technical aspects of the project and its potential impact on the firm.
 
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