Canadian Plastics

Canadian government extending funding for innovation assistance program into December

The program an emergency wage subsidy provided to eligible small and medium-sized firms on a priority basis.

November 9, 2020   Canadian Plastics

Canada’s federal government is extending the funding for National Research Council of Canada (NRC)’s innovation program into December 2020.

In a Nov. 6 announcement from the office of Navdeep Bains, minister of innovation, science and industry, the NRC’s Industrial Research Assistance Program’s Innovation Assistance Program (IRAP IAP) will receive over $155 million to extend funding access for the period of June 24, 2020 through Dec 19, 2020.

In April, Prime Minister Justin Trudeau announced over $1 billion in new support for small businesses in Canada to help mitigate the effects of the COVID-19 pandemic, including $250 million for NRC IRAP to put in place a program to aid innovative firms that were not eligible for the Canada Emergency Wage Subsidy (CEWS) support.

IRAP IAP is an emergency wage subsidy provided to eligible small and medium-sized firms on a priority basis.

The original $250 million for IRAP IAP supported over 2,200 Canadian firms, and supported over 24,000 jobs in Canada for the period of Apr. 1 through Jun. 23.

The federal government will apply a declining scale of support, similar to the CEWS, meaning the maximum benefit will gradually decline as the program progresses.


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