What’s New for NRC IRAP in 2024-2025
While core R&D funding (typically capping around $500,000 over 24 months for mid-sized projects) remains steady, IRAP has completely realigned its strategic sectors to mandate two major technological shifts: Artificial Intelligence and Clean Technology.
The Launch of the AI Assist Program
Recognizing the foundational shift AI is causing across all industries, IRAP has launched the AI Assist Program. This tailored initiative specifically subsidizes the costs for SMEs to incorporate machine learning, deep learning, and generative AI into their core products. It not only provides capital but also crucial connection to talent pools.
The Clean Tech Transition
As of mid-2024, broad federal support for advancing clean technologies transitioned forcefully into the NRC IRAP portfolio. If your company is developing proprietary hardware or software that actively reduces industrial emissions or improves energy efficiency, you are now operating in IRAP’s highest-priority funding tier.
The “Unwritten” Application Process
Unlike standard grants with portal logins and rigid deadlines, IRAP operates on relationship-based funding. There is no initial application form. Instead, companies must pitch an Industrial Technology Advisor (ITA). Once an ITA invites a formal proposal, the project moves forward through structured review.
Canadian Funding Partners helps businesses identify funding opportunities and coordinate applications with specialist partner firms. Where a file requires accounting or engineering expertise, the work is handled by appropriately qualified professionals at our partner firms. We help ensure your project narrative aligns clearly with ITA mandates.
Frequently asked questions
What does NRC IRAP provide?
Advisory services from industrial technology advisors and cost-shared financial support for technology innovation projects undertaken by Canadian small and medium-sized businesses.
How does IRAP differ from SR&ED?
IRAP is discretionary, approved in advance and paid against an agreed project plan. SR&ED is a tax incentive claimed after the fiscal year end for work that meets the program definition.
Can a project use both IRAP and SR&ED?
Often yes, but government assistance received reduces the qualified expenditure pool for SR&ED purposes, so the two need to be planned together.
