Innovative Solutions Canada, a program run under Innovation, Science and Economic Development (ISED), was established to provide support to Canadian innovators seeking to develop innovative solutions and bring them to market. Projects must meet essential outcomes, which are specific to each challenge.
ISC provides funding towards projects that address specific challenges. Phase 1 funding is offered as a grant to a maximum of $150,000, to offset six months of project expenses, and upon successful completion of Phase 1, applicants may receive Phase 2 grant funding of up to $1 million, to offset up to two years of project expenses.
Eligible expenditures covered under ISC include:
To be eligible for ISC, the applicant must:
ISC offers several calls for funding per year, with challenges targeting various sectors.
Find out more about the services we offer, what options are a good fit for your business, and where to begin on your funding journey.
