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Innovative Solutions Canada (voted)

General information
Name of transfer payment program Innovative Solutions Canada  (voted)
End date* March 31, 2019
Type of transfer payment Grant
Type of appropriation Estimates
Link to department’s Program Inventory  Energy Innovation Program
Main objective
  • Fuel the development and adoption of technological innovation in Canada.
  • Grow Canadian companies through direct funding to support early stage, pre-commercial research and development, late stage prototypes, and to accelerate commercialization.
  • Encourage procurement from companies led by under-represented groups, such as women, Indigenous, youth, disabled individuals, LGBTQ+ and others.
  • Foster greater industry-research collaboration through the release of challenges for solutions that address key Government of Canada priorities.
  • Provide federal departments and agencies with opportunities to develop new capabilities to meet their research and development needs and thereby advance government priorities.
Planned spending in 2018-19 $300,000
Fiscal year of last completed evaluation Not applicable, new program
Fiscal year of planned completion of next evaluation (if applicable) Not aware of a planned evaluation, new program.
General targeted recipient groups For profit Canadian small businesses which are incorporated in Canada, with R&D activities.

*This date relates to the expiry date of the program policy authority which may be different from the actual funding end date.

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