Industrial Research Assistance Program (IRAP) provides financial support to qualified small and medium-sized enterprises in Canada to help them undertake technology innovation.
The basic eligibility criteria for IRAP funding are:
- Be a small and medium-sized enterprise in Canada, incorporated and profit-oriented;
- Have 500 or less full-time equivalent employees; and
- Have the objective to grow and generate profits through development and commercialization of innovative, technology-driven new or improved products, services, or processes in Canada.