Innovative Solutions Canada funds Canadian entrepreneurs to bring innovations to market by addressing federal department challenges. It offers Phase 1 funding up to $150,000 for early-stage tech (TRL 1-4) and Phase 2 funding up to $1,000,000 for advanced tech (TRL 5-9). Funding is challenge-specific and may be awarded as grants or procurement contracts. Applicants must be Canadian SMEs with majority Canadian operations and meet eligibility criteria per stream.
Eligible applicants vary by stream: Challenge stream requires incorporated Canadian for-profit SMEs with fewer than 500 employees and majority Canadian operations. Testing stream allows private/public companies, nonprofits, universities, or individuals. Innovations must address specific federal chal
