Wage subsidies for Canadian tech SMBs affected by COVID-19, ineligible for the Canada Emergency Wage Subsidy

NRC IRAP Innovation Assistance Program (IAP)

Type of Funding

Wage/Internship Subsidy

Max Funding

N/A

Region

Federal/National

Application Difficuty

Average

Processing Time

Medium (A few weeks)

Province

All Of Canada

Industry

Computer system/Software and data processing.

Funding Goals

COVID-19 Help.
RnD/Innovation/Develop a product or service.

Demographic

N/A

Incorporated

No

Contact

NRC.Covid19IrapIAP-PAIPariCovid19.CNRC@nrc-cnrc.gc.ca

Get A Fast Business Loan

Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +

Funds in 24 hours
$5,000 to $500,000
No hidden fees
No collateral
Applying doesn’t impact credit score

Details

Wage subsidies for Canadian SMBs pursuing technology-driven innovation, affected by the COVID-19 crisis and unable to secure funding under the Canada Emergency Wage Subsidy program.

Eligibility

Be ineligible for the Canada Emergency Wage Subsidy
Be an incorporated, profit-oriented small or medium-sized business in Canada
Be a company with 500 or fewer full-time equivalent employees
Plan to pursue growth and profit by developing and commercializing innovative, technology-driven new or improved products, services or processes in Canada
Lack sufficient financial resources to sustain operations from April 1, 2020 to June 23, 2020 inclusive
Have a Canada Revenue Agency business number
Be incorporated by no later than March 1, 2020

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