Access to financing
One-stop shop for project financing
Every project is different and, to ensure its development, it is important to have access to the best financing sources available, based on the project’s level of maturity, its duration, or the type of collaboration contemplated.
Once the challenge-solution networking has been completed and the collaboration project has been established, the different NovaCentris financial partners will present the different financing options best suited to the needs of your innovation project. Moreover, a member of the team from each organization will remain available to help you with your financing application.
A few examples of available financing options:
The Quebec Economic Development Program (QEDP) helps support entrepreneurship, business performance, regional mobilization and investment in the regions while providing support for economic activity in Quebec communities on an ad hoc basis to stabilize or strengthen their economies.
Financing technological innovation
Every year, the National Research Council (NRC) Industrial Research Assistance Program (IRAP) helps thousands of Canadian small and medium size enterprises (SME) to improve their operations and bring new products to market, with appropriate technologies and expertise from Canada and around the world. With its direct support, good ideas become new products and processes rapidly and efficiently.
The non-refundable financial assistance is one of the elements of the full panoply of IRAP services allowing to validate and develop innovative ideas. The financial support to eligible companies covers a portion of the salaries of staff and fees of external research agencies.
Discover our programs and get your technological ideas going.
See the website
Collaborative R&D Funding, Strategic Partnerships and Training in Industry
With an annual budget of $1.1 billion, the Natural Sciences and Engineering Research Council of Canada (NSERC) is the largest funder of science and engineering research in Canada. NSERC's research partnerships and industrial scholarships programs support the world-class research of over 41,000 talented students and professors at universities and colleges across the country.
NSERC is committed to keeping Canada in the lead in the global race in science and innovation by helping you access Canada’s wealth of R&D knowledge, people and facilities, and use the academic research system as a competitive edge. Over 2,400 firms partner with NSERC. Join this elite group and help your firm become more innovative and profitable.
Interaction Grants (IG)
Interaction Grants provide researchers with travel funds to meet with Canadian based companies in order to identify a company-specific problem they could solve by collaborating in a subsequent research partnership. The company and the researcher must not have worked together before.
Engage Grant (EG)
An Engage Grant is intended to give a company that operates from a Canadian base access to the knowledge and expertise available at Canadian universities. The grant supports short term R&D projects to solve a problem specific to the company. The company and the researcher must not have worked together before.
Collaborative Research and Development (CRD) Grants
CRD Grants support well-defined projects undertaken by university researchers and their private-sector partners, that can be at any point in the R&D spectrum. Eligible collaborations include focused projects with short- to medium-term objectives, as well as discrete phases in a program of longer-range research. Projects may range from one year to five years in duration.
Applied Research and Development (ARD) Grants
The Applied Research and Development grants support well-defined applied research and development projects undertaken by college researchers with their private-sector partners. Projects may range from six months to three years in duration.
NSERC-FRQNT Industrial Innovation Scholarships (IIS) BMP Innovation Program
The Industrial Innovation Scholarships Program offers financial assistance to students enrolled in a master’s or doctoral program and interested in undertaking research in natural sciences and engineering, through a university-business partnership.
Industrial R&D Fellowships (IRDF)
Industrial R&D Fellowships help companies hire a recent Ph.D. graduate for a two-year period to undertake a research project (or projects) of importance to the company, and to evaluate the post-doctoral fellow for potential long-term employment.
Mitacs-Accelerate is Canada’s premiere research internship program. It connects companies with over 50 research-based universities through graduate students and postdoctoral fellows, who apply their specialized expertise to business research challenges. Interns transfer their skills from theory to real-world application, while the companies gain a competitive advantage by accessing high-quality research expertise.
Financing collaborative projects
NanoQuébec’s financing tools have been designed to strengthen ties between academic and industrial research in order to develop innovations based on nanotechnologies. They also allow the training of qualified students through their involvement in collaborative projects.