Innovative Solutions Canada (Challenge Stream)
Innovation, Science and Economic Development Canada
Phase 1 up to $150,000 (CAD); Phase 2 up to $1 million (CAD)
Canadian small businesses compete for funding to prove the feasibility of a solution to a challenge set by a federal department (Phase 1) and then to build and test a prototype (Phase 2). A separate Testing stream funds testing of innovations in real-life settings.
- Eligibility
- For-profit businesses incorporated in Canada with 499 or fewer FTE employees, R&D conducted in Canada, and at least 50% of wages, FTE employees and senior executives based in Canada (affiliates included in the calculations).
- Available in
Canada- Benefits
- Phase 1 funds up to six months of work on a proof of feasibility (some awards up to $300,000); Phase 2 up to 2 years (some awards up to $2 million).
- Details
- Tiers, how to apply, what to watch out for and sources are free with an account.
