MEDTEQ+ — Innovation Acceleration Program (IAM)

Q: How much funding can be received?

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

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the MEDTEQ+ — Innovation Acceleration Program (IAM) a grant, loan, or tax credit?

MEDTEQ+ — Innovation Acceleration Program (IAM) is a Expert Advice

Q: Who are the financial supporters of the MEDTEQ+ — Innovation Acceleration Program (IAM)?

MEDTEQ+ — Innovation Acceleration Program (IAM) is funded by Consortium de recherche et d’innovation en technologies médicales du Québec

Q: Who is eligible for the MEDTEQ+ — Innovation Acceleration Program (IAM) program?

To be eligible for the MEDTEQ+ — Innovation Acceleration Program (IAM) program, you must: • Canadian healthcare technology SME (regulated or non-regulated) • At least a working prototype and evidence of potential in a first identified market

Q: Who can I contact for more information about the MEDTEQ+ — Innovation Acceleration Program (IAM)?

You can contact Consortium de recherche et d’innovation en technologies médicales du Québec.

Q: Where is the MEDTEQ+ — Innovation Acceleration Program (IAM) available?

The MEDTEQ+ — Innovation Acceleration Program (IAM) program is available across Canada.

Q: Are startups eligible for the MEDTEQ+ — Innovation Acceleration Program (IAM) program?

Yes, startups are eligible to apply for the MEDTEQ+ — Innovation Acceleration Program (IAM) program.

Last Update: July 22, 2025

Canada

Personalized coaching for Canadian medtech SMEs to commercialize innovations

At a glance

Eligible Funding

No Condition

Timeline

Unspecified

Financing Type

Expert Advice

Eligible Industries

Manufacturing
Professional, scientific and technical services
Health care and social assistance

Funds Providers

Consortium de recherche et d’innovation en technologies médicales du Québec

Program status

Open

Overview

The MEDTEQ+ Innovation Acceleration Program (IAM) offers up to 30 hours of expert coaching, valued at a subsidized cost of $500 for selected Canadian healthcare technology SMEs, aiming to strengthen R&D strategies and facilitate commercial deployment. The program supports activities including commercialization planning, export strategies, regulatory strategy development, and business model innovation to help medtech companies attract venture capital and accelerate market entry.

Financing terms and conditions

Program available to selected SMEs at a cost of $500, subsidized through NRC-IRAP support.

Activities funded

Strengthening research and development strategies to enhance competitiveness in the healthcare technology sector.
Coaching for commercialization and export readiness, including integrated planning for R&D, clinical, regulatory, manufacturing, partnerships, intellectual property, and distribution strategies.
Identifying and pursuing new business opportunities and value propositions for revenue growth over short- and long-term horizons.
Facilitating the adoption and integration of medical technology innovations within healthcare settings.
Guiding organizational skill development in innovation management to support technological advancement and commercial deployment.

Examples of admissible projects:

$ 50,000

Implementation of energy-efficient lighting in food processing facility

$ 40,000

Development of online booking system for dental cooperative clinics

$ 120,000

Conversion of delivery fleet to electric vehicles for organic grocer

$ 65,000

Installation of rooftop solar panels at community arts centre

$ 65,000

Creation of accessible training facilities for persons with disabilities

$ 45,000

Upgrading food rescue warehouse with commercial refrigeration and racking

Eligibility

The applicant must be a Canadian healthcare technology SME.
The company must have at least a working prototype.
The applicant must provide evidence of potential in a first identified market.
The final selection of companies is made by NRC-IRAP.

Who is eligible?

Innovative Canadian healthcare technology SMEs (regulated or non-regulated)
Entrepreneurs and managers in the medtech sector with at least a working prototype and evidence of market potential

Eligible expenses

Coaching services and expertise provided by MEDTEQ+ network specialists.

Eligible geographic areas

Companies operating in Canada.

Selection criteria

Maturity and profile of the applicant, specifically having at least a working prototype and evidence of potential in a first identified market.
Final selection of companies is the responsibility of NRC-IRAP, considering company-specific needs and challenges.

How to apply

Assess eligibility and program fit

Review eligibility criteria for SMEs with a working prototype in the medtech sector
Ensure company has evidence of potential in a first identified market
Confirm understanding of program objectives and expected results

Prepare application documentation

Contact MEDTEQ+ or NRC-IRAP for further information if needed
Prepare documentation on company profile, prototype, and market validation
Gather supporting material for selection process

Submit application and fee

Submit completed application as required by MEDTEQ+ and NRC-IRAP
Pay the $500 participation fee upon request if selected
Await official confirmation of acceptance into the program

Additional information

The coaching program involves up to 30 hours of expert support for each selected company.
The average duration of participation in the program is 3 to 4 months.
The program is coordinated by MEDTEQ+ and NRC-IRAP, leveraging a network of specialized external experts.
A participation fee of $500 applies, made possible through NRC-IRAP support.

Apply to this program

Frequently Asked Questions about the MEDTEQ+ — Innovation Acceleration Program (IAM) Program

Here are answers to the most common questions about the MEDTEQ+ — Innovation Acceleration Program (IAM). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the MEDTEQ+ — Innovation Acceleration Program (IAM)?

How much funding can be received?

What expenses are eligible under MEDTEQ+ — Innovation Acceleration Program (IAM)?

Strengthening research and development strategies to enhance competitiveness in the healthcare technology sector. Coaching for commercialization and export readiness, including integrated planning for R&D, clinical, regulatory, manufacturing, partnerships, intellectual property, and distribution strategies. Identifying and pursuing new business opportunities and value propositions for revenue growth over short- and long-term horizons. Facilitating the adoption and integration of medical technology innovations within healthcare settings. Guiding organizational skill development in innovation management to support technological advancement and commercial deployment.