The NRC IRAP
Source: Notion | Last edited: 2023-09-10 | ID: b356837b-080...
Company Requirements
Section titled “Company Requirements”- Incorporated, profit-oriented small or medium-sized business in Canada
- Plan to pursue growth and profit by developing and commercializing innovative, technology-driven new or improved products, services or processes in Canada
- Project must be completed in Canada
- Must provide a documented business product development strategy
- Company need to have 1 senior executive working full time for the company (Founder or C-Level)
- To have at least 1 full time employee on the payroll and issue a T4 by the end of the year
- The company need to have access to adequate resources to cover the company’s research and development project
Project Eligibility
Section titled “Project Eligibility”- Small or medium‑sized Canadian business pursuing technology‑driven innovation.
- For firms that will have demonstrated to the program the ability to grow rapidly and significantly through their Research and Development project and in so doing, significantly benefit Canada’s economy.
Application Requirements
Section titled “Application Requirements”If you meet the following criteria, connect with NRC IRAP by calling 1-877-994-4727 to find out if your business is eligible for NRC IRAP support. To assist us in undertaking preliminary due diligence of your firm to be considered for NRC IRAP support, please have available:
- a business plan or pitch deck
- a copy of your company financials
- resumes or biographies for each member of the management team and technical team on staff