The Industrial Research and Assistance Program (IRAP) is a federal grant program administered by National Research Council (NRC). IRAP funds a wide variety of activities including first-time Canadian patents, new technology development, prototypes, market feasibility studies as well as many others. The program can be a significant source of funding for Canadian companies that are attempting to develop and commercialize new technologies, products, and processes.
Applying for an IRAP grant can be a daunting task due to the amount of planning, documentation and preparation that is required. Looking to get IRAP just once, in the majority of cases, simply is not worth the undertaking. On the other hand, IRAP can provide funding for projects year after year for as long as the participant can demonstrate organizational growth in terms of revenue, Canadian employment etc.