Innovative Solutions Canada - Program

Who is eligible?

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

Eligible expenses

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

Eligible geographic areas

• Businesses incorporated in Canada (federally or provincially).

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

• Step 1: Self-Assessment
• Evaluate your project against the Technology Readiness Scale (TRL) to determine eligibility for Phase 1 or Phase 2.
• Step 2: Eligibility Verification
• Ensure your business meets all eligibility criteria outlined in the program.
• Step 3: Review Fund Opportunities
• Check current funding opportunities and relevant details like funding amounts and timelines.
• Step 4: Proposal Development
• Develop a detailed proposal for your innovation, including objectives, feasibility, and potential impact.
• Step 5: Application Submission
• Compile and submit your application, ensuring all required documents and forms are complete.
• Step 6: Confirmation of Submission
• Receive confirmation of your application submission from the granting body.

• The innovator retains ownership of any intellectual property developed during the grant process.
• Market-ready innovations may be eligible for the pathway to commercialization, making them available for federal procurement for a period of 3 years.
• Applicants should monitor each challenge for unique timelines and funding details.
• Affiliated businesses, including parent companies and subsidiaries both in and outside Canada, must be included in full-time employee calculations.