Grants and Contributions:

The expected results of the ISC are aligned with the priorities of the Innovation Skills Plan to grow domestic small businesses in the innovation economy and deliver on three key areas for action: People and Skills; Research, Technology, and Commercialization; and, Companies, Investment, Scale-Up and Clean Growth.
Through activities undertaken with funding, ISC is expected to help support the following:
-Generation of new Intellectual Property;
-Research collaborations to improve innovation procurement from small businesses;
-Small businesses attract venture / patient capital;
-Commercialization of early stage R&D/Technology Readiness Levels (TRL) by small businesses;
-Employment of highly skilled workers in the Canadian innovation ecosystem.
-Small businesses grow in the Canadian innovation ecosystem.

2023/24 to 2025/26,

The objectives of the Program are to: -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; and-Provide federal departments and agencies with opportunities to develop new capabilities to meet their research and development needs and thereby advance government priorities.