Top 3 funding programs supporting R&D:
– The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian small to large businesses (CCPC and non-CCPC) to conduct R&D in Canada that will lead to new, improved, or technologically advanced products or processes.
2-IRAP – Accelerated Review Process (ARP)
Funding suited as technical or research oriented to solve an innovation challenge. Funding supports software implementation, productivity improvements, and production design or marketing projects. The program is not suited for training projects.
3-IRAP – Digital Technology Adoption Pilot Program (DTAPP)
DTAPP provides grant funding for technology adoption, assisting small businesses with accessing post-secondary expertise in the digital technology adoption field. Qualified projects include:
-Customization of software code
-Training on software systems
If not sure wether you are eligible for SR&ED Tax Credits or IRAP Funding programs check out eligibility Self-Assessment Look-up. If you want access to full list of grants and loans available to your business Contact Us.