Closed
Source verified April 9, 2026
iRAPID
Support for innovative company growth projects
Funding available
$ 2,500 - $ 10,000
Deadline
December 15, 2023
Opened November 14, 2019
Location
Ontario, Canada
Overview
iRAPID supports commercialization and growth projects for incorporated for-profit innovative companies. It offers up to $10,000 and can cover internal wages, contractor fees, and materials or equipment for eligible prototyping and development work.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Conduct research and development activities
- Access new markets
Eligible Funding
- Maximum amount : 10,000 $
- Minimum amount : 2,500 $
- Up to 50% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Commercialization activities for innovative companies.
- Growth projects tied to company milestones.
- Prototyping and product or recipe development.
- Testing and validation of new ideas.
- Marketing, export, technology, software, and other growth initiatives supported through internal wages.
Official resources
Eligibility
Who is eligible?
- Incorporated for-profit innovative companies.
Who is not eligible
- Distributors.
- Re-sellers.
Eligible expenses
- Internal wages for an existing T4 employee working on eligible company projects.
- Contractor fees for expertise, facilities, or equipment used in development and testing.
- Materials and equipment needed for prototyping or development.
Eligible geographic areas
- Nipissing
- Timiskaming
- Parry Sound
- Muskoka
Selection criteria
- Potential to create jobs.
- Potential to grow the economy.
- Project alignment with company growth milestones.
How to apply
- Step 1: Contact IION before applying
- Discuss your project and confirm it qualifies.
- Use the provided contact person to request guidance.
- Step 2: Prepare the application
- Describe the company growth project and planned activities.
- Identify the eligible cost categories to be used.
- Step 3: Submit before the monthly deadline
- Send the application before the last working day of the month.
- Submit early to allow review comments or revisions.
- Step 4: Complete the project and claim
- Carry out the approved work within the required timeframe.
- Submit final invoices and proof of payment for reimbursement.
Processing and Agreement
- Applications are reviewed on a monthly competitive basis.
- The last working day of each month is the submission deadline.
- Approved projects are reimbursed after final invoices and proof of payment are submitted.
- Project completion and claim submission must be completed within 6 months or by the program deadline.
Additional information
- Applications are currently closed.
- Companies may use the funding more than once for separate, independent projects.
- A current application and related claim must be completed before submitting a new application.
- Applicants are encouraged to contact IION before applying to confirm project eligibility.
Contacts
Frequently Asked Questions about the iRAPID Program
What is the iRAPID?
iRAPID supports commercialization and growth projects for incorporated for-profit innovative companies. It offers up to $10,000 and can cover internal wages, contractor fees, and materials or equipment for eligible prototyping and development work.
How much funding can be received?
iRAPID Funds up to 50% of admissible expenses, capped at $10,000 per project.
What is the deadline to apply?
The application deadline for this grant program was December 15, 2023.
Who is eligible for the iRAPID program?
To be eligible for the iRAPID program, you must:
Incorporated for-profit company.
Business innovation in the target district.
Growth-oriented commercialization project.
What expenses are eligible under iRAPID?
Commercialization activities for innovative companies.
Growth projects tied to company milestones.
Prototyping and product or recipe development.
Testing and validation of new ideas.
Marketing, export, technology, software, and other growth initiatives supported through internal wages.
Who can I contact for more information about the iRAPID?
You can contact Innovation Initiatives Ontario North (IION) by email at [email protected] or by phone at 705-498-5584.
Where is the iRAPID available?
The iRAPID program is available the province of Ontario.