One of the most significant grants and funding opportunities comes from the department of Innovation, Science and Economic Development Canada also known as ISC. This department works with Canadians to improve conditions for investment, enhance Canada’s innovation performance, increase Canada’s share of global trade, and build a fair, efficient, and competitive marketplace.
ISC is the federal institution that leads the Innovation, Science, and Economic Development and is the main government funder for innovators that are in the commercialization stage of their development. This funding initiative run through ISC is known as Testing Stream.
Funding through Testing Stream Canada
The testing steam program is valued at $550,000 for nonmilitary innovative products and services and up to $1.15 million for their military counterparts. The program helps to polish your efforts by leveraging government partnerships that test your goods and services and subsequently provide you with feedback that comes in handy before launch. It’s a valuable dry run before you hit the marketplace.
The goal of this grant and funding opportunity is to create prequalify and test innovations that address a broad range of new products. These innovations will be evaluated and tested by departments in the Canadian Government. The total combined budget for each call for proposals equates to over $60 million per year
The Requirements for Testing Stream
All the proposals are vetted through Public Services and Procurement Canada (PSPC) and the National Research Council (NRC).
To get funding, your innovation must be ready to be tested operationally at the time of the submission of the Testing Stream application. The requirement is that the innovation must be 7 or higher. This is outlined on the government website and is referred to as the “Technology Readiness Level,” aka TRL, see link: TRL Level Description for details.
There are different criteria used to award funding including whether your organization has all the required approvals and certifications for safety testing, if necessary
Solution Xplus can help you by leveraging your financial goals and matching you with the Canadian Government contracts
How can we support you?
Solution Xplus has the skills and expertise to help your company win Testing Stream grants/funding/contracts. Our priority is to make sure that we walk you through the application process toward a successful completion. Success depends on having all the necessary elements in the application.
We work with our clients to help you produce an impeccable application that is detailed, thorough, and ready for submission.
Our process involves a series of 10 one-hour meetings that include discussions and multiple final edits. Our communications team makes sure that your answers are insightful, flow, and meet the necessary criteria.
For more information about Government Grants Canada visit Solution Xplus