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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