According to some estimates, there are over 4,000 government grants and other non-dilutive funding programs available in Canada. These are organized through federal, provincial, or territorial government agencies, cities, regions, and a myriad of not-for-profits that 
have obtained funding from governmental and private sources.

In our recent Impact Brief, Physical Technologies, we examined all of the programs available in Ontario to determine how a low-TRL (Technology Readiness Level) physical technology would be able to access funding programs. Specifically, we looked for the following program characteristics:

  1. Does it apply to physical technology companies?
  2. Does it cover low-TRL activities such as prototype development?
  3. Does it provide a grant instead of a refund?
  4. Does it require matching funds from the business?
  5. Are “hard” costs, such as machines and equipment, eligible?
  6. Can anyone, both inside and outside of academia, apply?
  7. Can the funding be used anywhere, not just within specific institutions such as community colleges?

Have a physical technology you want to commercialize? Connect with us to learn about Techno and our other training and support programs. 

Government grants available for physical technology companies

OrganizationProgramPhysical TechnologyLow TRLGrantNo Matching requiredHard costsAnyone can applyMoney spent Anywhere
NRCIndustrial Research Assistance Program (IRAP)YesYesNoNoYesYesYes
Canada RevenueScientific Research and Experimental Development Tax Incentive Program (SR&ED)YesYesNoNoYesYesYes
NRCYouth Employment Program (YEP)YesYesNoNoNoYesYes
Public WorksBuild in Canada Innovation Program (BCIP)YesNoNoNoYesYesYes
NSERCApplied Research and Development Grants (ARD)YesYesYesNoYesNoNo
NSERCCollaborative Research and Development Grants (CRD)YesYesYesNoYesYesNo
NSERCEngage Grants (EG)YesYesYesNoYesYesNo
NSERCExperience AwardsYesYesNoNoNoYesYes
EDCExport Development Canada (EDC)YesNoNoNoYesYesYes
Canadian Space AgencySpace Technology Development Program (STDP)YesYesYesNoYesNoYes
ISEDCanada Small Business Financing ProgramYesNoYesNoNoYesYes
Global AffairsCanExportYesNoNoNoYesNoYes
CanarieDigital Accelerator For Innovation And Research (DAIR)NoNoYesYesNoYesNo
BDCEquipment Purchase FinancingYesNoYesNoNoYesYes
FuturepreneurFinancing and MentoringYesNoYesNoYesNoYes
BDCSmall Business LoanYesNoNoNoYesYesYes
BDCStart-Up FinancingYesNoYesNoYesYesYes
SDTCSD Tech FundYesYesYesNoYesYesYes
Agricuture and Agri-Food CanadaAgri-Innovations Program-Enabling Commercialization and Adoption StreamYesYesYesNoYesYesYes
Agricuture and Agri-Food CanadaAgri-Innovations Program-Industry-led Research and Development StreamYesYesYesNoYesYesYes
Genome BCGenome BCNoYesYesYesYesNoNo
BDCBDC CapitalYesNoYesYesYesYesYes
MitacsMitacs - accelerate, elevate, globalinkYesYesNoNoNoYesNo
OntarioOntario Research and Development Tax CreditYesYesNoNoYesYesYes
FedDev OntEastern Ontario Development Program (EODP)YesNoYesNoYesYesYes
FedDev OntInvesting in Business Growth and Productivity (IBGP)YesNoYesNoYesYesYes
FedDev OntInvesting in Business Innovation (IBI)YesNoYesNoYesYesYes
OCEOntario Centres of Excellence (OCE)YesYesYesNoYesNoNo
FedNorFor Women EntrepreneursYesNoYesYesYesNoYes
FedNorCommunity Futures ProgramYesNoYesNoYesNoNo
OntarioOntario Business Research Institute Tax CreditYesYesNoNoYesYesNo
OntarioOntario Innovation Tax CreditYesYesNoNoYesYesNo
FedNorTargeted Manufacturing Initiative-Operational AssessmentsYesNoYesNoYesNoYes
FedNorTargeted Manufacturing Initiative-Productivity ImprovementsYesNoYesNoYesNoYes