COVID-19: Innovation Assistance Program (IAP)

Incorporated companies pursuing technology-driven innovation who will be unable to secure funding under the Canada Emergency Wage Subsidy (CEWS) may be able to qualify for a different wage subsidy program.

Many companies, whether revenue-producing or pre-revenue, are unable to qualify for the CEWS program due to the drop in revenue criteria.

The IAP provides a wage subsidy to eligible employers for up to 12 weeks.

IMPORTANT: The program will be accepting applications until April 29, 2020 at 11:59 pm EDT. Your company must meet the following to be eligible:

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

Please apply as soon as possible if you qualify

After inputting basic business information, there are 8 operational questions to that may take some time to answer.

Companies will be notified on the status of their qualification as early as May 11, 2020.

Application is HERE.

Screenshots of the 8 operational questions to prepare you: