Funding News & Blog
Innovation & Technology
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RAII Pillar 2: FedDev Ontario loans for AI adoption up to $5,000,000
FedDev Ontario's RAII Pillar 2 helps Southern Ontario SMEs adopt and integrate AI, with interest-free loans for for-profit firms. The current intake is closed.
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Mitacs Accelerate: Up to $20,000 per Unit for Applied R&D Interns
Mitacs Accelerate pairs Canadian organizations with graduate students, postdocs and academic researchers for applied R&D, matching a partner contribution of $7,500 for a $15,000 research award per internship unit.
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OIDMTC: Ontario’s 40% and 35% refundable credit for digital media
The Ontario Interactive Digital Media Tax Credit is a refundable credit of 40% or 35% on eligible Ontario labour, and on capped marketing and distribution costs for your own products.
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AI Compute Access Fund: Up to $5M for Cloud AI Compute (Closed)
The AI Compute Access Fund is a federal grant of $100K–$5M that covers part of cloud AI compute costs for Canadian AI SMEs. The initial call closed July 31, 2025, and no new call has been announced.
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IRAP AI Assist: Up to $10.5M for Generative AI and Deep Learning
NRC IRAP AI Assist is a competitive federal stream offering up to $10.5M to Canadian SMEs building generative AI and deep learning products, with intake through calls for proposals.
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IRAP: Non-Repayable R&D Funding for Canadian Tech SMEs
NRC IRAP provides non-repayable contributions to Canadian tech SMEs for innovation projects, covering eligible salaries of technical staff. Intake is continuous, with up to $500,000 for established IRAP clients.
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SR&ED: Up to 35% of R&D Costs Back as Cash, Now on $6M of Spending
SR&ED is a federal tax credit that returns up to 35% of eligible R&D expenditures as cash to CCPCs. Budget 2025 doubled the expenditure limit to $6M, raising the maximum annual refund to $2.1M.
