How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

What are Innovative Solutions Canada Program's eligibility criterias?

Operate as a for-profit entity. Be incorporated in Canada (federally or provincially). Have 499 or fewer full-time equivalent (FTE) employees.

Innovative Solutions Canada Program

Q: Who are the financial supporters of the Innovative Solutions Canada Program?

Innovative Solutions Canada Program is funded by Innovation, Science and Economic Development Canada (ISED), Government of Canada, Innovation Canada

grant_single|update April 18, 2025

Canada

Funding for Canadian SMEs to develop and test innovations

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Grant and Funding

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Innovation, Science and Economic Development Canada (ISED)
Government of Canada
Innovation Canada

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Your small business could get funding to come up with an innovative solution to a government challenge, with access to early-stage development, testing and validation of a prototype, and a pathway to commercialization.

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Phase 1: Funding of up to $150,000 for developing a proof of feasibility report within up to six months; in some cases, awards may reach up to $300,000 and the timeline may vary.
Phase 2: Funding of up to $1,000,000 over a maximum period of two years for the development and testing of the prototype; in some cases, awards may reach up to $2,000,000.

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Development of a proof of feasibility report for innovative solutions addressing government challenges.
Building and testing prototypes of innovations to meet specific government-identified needs.

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$ 180,000

Developing a green building material from recycled plastics

$ 200,000

Introducing a waste-to-energy plant to convert municipal waste into clean energy

$ 150,000

Development of a solar-powered water purification system

$ 250,000

Creating a blockchain-based voting system to enhance electoral transparency

$ 160,000

Creating a mobile health diagnostics platform for remote communities

$ 120,000

Developing an AI-based traffic management system to improve urban mobility

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Eligibility for this grant is determined by specific requirements related to the applicant's business operations, employee distribution, and executive residency.

The business must operate as a for-profit entity.
The business must be incorporated in Canada, either federally or provincially.
The business must have 499 or fewer full-time equivalent (FTE) employees.
The business must conduct research and development activities within Canada.
At least 50% of the business's annual wages, salaries, and fees must be allocated to employees and contractors who spend the majority of their time working in Canada.
50% or more of the business's FTE employees must have Canada as their ordinary place of work.
50% or more of the business's senior executives (vice-president and above) must have Canada as their principal residence.

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Canadian small businesses
Canadian medium businesses
For-profit corporations incorporated in Canada

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There are certain eligibility criteria that companies must meet to be eligible for this grant, and companies that do not meet these criteria are not eligible.

Non-profit organizations
Companies not incorporated in Canada
Companies with more than 499 full-time equivalent employees
Companies whose research and development activities do not take place in Canada
Companies with less than 50% of their annual wages, salaries, and fees paid to employees and contractors working mostly in Canada
Companies with less than 50% of their FTE employees having Canada as their ordinary place of work
Companies with less than 50% of their senior executives (Vice President and above) having Canada as their principal residence

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Development of a proof of feasibility report.
Building and testing of prototype innovations.

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Businesses incorporated in Canada (federally or provincially).

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There are evaluation and selection criteria for this grant. The eligibility and evaluation criteria include:

Relevance to the challenge
Technical innovation
Financial viability
Potential for commercialization
Capability and resources to deliver

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Self-Assessment

Evaluate your project against the Technology Readiness Scale (TRL) to determine eligibility for Phase 1 or Phase 2.

Eligibility Verification

Ensure your business meets all eligibility criteria outlined in the program.

Review Fund Opportunities

Check current funding opportunities and relevant details like funding amounts and timelines.

Proposal Development

Develop a detailed proposal for your innovation, including objectives, feasibility, and potential impact.

Application Submission

Compile and submit your application, ensuring all required documents and forms are complete.

Confirmation of Submission

Receive confirmation of your application submission from the granting body.

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Here are additional relevant details for this grant:

The grant process includes a self-assessment using the Technology Readiness Scale (TRL) to determine eligibility for different phases.
Applicants retain ownership of intellectual property developed during the project.
There may be an opportunity for commercialization through a Pathway to Commercialization program, which can include selling to federal organizations.
Funding amounts and timelines can vary, with specifics provided for each funding opportunity.
The program occasionally limits applications to only either Phase 1 or Phase 2.