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Source verified March 4, 2026
MEDTEQ+ — Innovation Acceleration Program (IAM)
Personalized coaching for Canadian medtech SMEs to commercialize innovations
Funding available
Varies by project
Deadline
Open continuously
Location
Canada
Who can apply
Innovative Canadian healthcare technology SMEs (regulated or non-regulated)
See full eligibility
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.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop a new product or service
- Conduct research and development activities
Eligible Funding
- Varies by project
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
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.
Official resources
Eligibility
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
- Step 1: Expression of Interest
- Contact MEDTEQ+ to express your interest in the Innovation Acceleration Program (IAM).
- Request information or clarification from MEDTEQ+ as needed.
- Step 2: Application Preparation
- Prepare documentation demonstrating your company's maturity, including the existence of a working prototype and evidence of potential in a first identified market.
- Step 3: Application Submission
- Submit your application materials to MEDTEQ+ and NRC-IRAP as coordinated by MEDTEQ+.
- Ensure all required information regarding your business and project is included.
- Step 4: Application Review
- Await evaluation of your submission by NRC-IRAP and MEDTEQ+, who select companies based on program criteria and specific needs.
- Step 5: Confirmation and Payment
- If selected, confirm your participation and pay the program fee of $500 to secure your place in the IAM 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.
Frequently Asked Questions about the MEDTEQ+ — Innovation Acceleration Program (IAM) Program
What is the MEDTEQ+ — Innovation Acceleration Program (IAM)?
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.
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
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.
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 (MEDTEQ).
Where is the MEDTEQ+ — Innovation Acceleration Program (IAM) available?
The MEDTEQ+ — Innovation Acceleration Program (IAM) program is available across Canada.
Is the MEDTEQ+ — Innovation Acceleration Program (IAM) a grant, loan, or tax credit?
MEDTEQ+ — Innovation Acceleration Program (IAM) is a Expert Advice
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 (MEDTEQ)