IRAP’s Innovation Assistance Program

The Federal Government’s Industrial Research Assistance Program (IRAP) has wage-subsidy funding for companies that are paying salaries, doing development projects, and don’t qualify for the Canada Emergency Wage Benefit.

Check the application website here: https://nrc-covid-19.microsoftcrmportals.com/en-CA/

If your company is not an IRAP client, you have to register.  This takes about 5 minutes.

If you’re already an IRAP client, your existing IRAP portal registration may not work and you will have to re-register.

Here’s the rules for qualifying:

  • Be an incorporated, profit-oriented small or medium-sized business in Canada, incorporated no later than March 1, 2020
  • Be a company with 500 or fewer full-time equivalent employees
  • Be unable to qualify for the Canada Emergency Wage Subsidy
  • Lack sufficient financial resources to sustain operations during the COVID-19 downturn period
  • Plan to pursue growth and profit by developing and commercializing innovative, technology-driven new or improved products, services or processes in Canada
  • Have a Canada Revenue Agency business number

Application Deadline is April 29!

Need help preparing a project proposal?  Take advantage of our 18 years of experience working with IRAP.

Written By Steven Eddy

Steven is the President and Founder of SJE Consulting Ltd. He has years of business experience navigating the complex world of government grants for small businesses, research and developement projects, and tax credits.

Posted to: COVID19 | IRAP

April 28, 2020

Similar News…

BDC Small Business Loan

BDC Small Business Loan

The current Federal Government literature tells you to go through your existing bank to get additional loans and credit. Instead, apply DIRECTLY to the BDC

The Canada Emergency Business Account Program Is Unfairly Discriminatory

The Canada Emergency Business Account Program Is Unfairly Discriminatory

The Federal Government recently released the CEBA program. While a welcome relief to hundreds of thousands of small businesses across the country, it unfairly excludes many thousands of other equally deserving businesses. Several years ago, our accountant offered us the choice of being paid by salary, dividends, or contract payments.