Canadian Contracts and Funding
One of the most significant funding opportunities available for innovators in Canada comes from the Department of Innovation, Science, and Economic Development (ISED). ISED is the federal institution that leads the nation’s efforts in innovation, science, and economic growth. It plays a critical role in funding innovators who are ready to commercialize their products and services, with one of its key programs being the Testing Stream.
Canadian Contracts and Funding Opportunities
The Testing Stream program offers funding up to $1.15 million for non-military innovative products and services, and up to $2.5 million for military innovations. This program is designed to refine and validate innovations by partnering with government departments that test and evaluate these products, providing invaluable feedback before the market launch. It’s a crucial step in ensuring readiness for the marketplace.
Innovations are tested by Canadian Government departments, providing a real-world testing environment that helps entrepreneurs and companies fine-tune their offerings. For more information about the program, visit: Testing Stream Details.
Requirements for the Testing Stream
Proposals submitted for the Testing Stream are reviewed by both ISED and the National Research Council (NRC). To qualify for funding, the innovation must be ready for operational testing at the time of implementation, with a Technology Readiness Level (TRL) of 7 or higher. The TRL system outlines the stages of innovation readiness, which you can learn more about here: TRL Level Description.
Additionally, applicants must ensure their innovations meet all the necessary safety certifications and approvals where applicable.
Additionally, applicants must ensure their innovations meet all the necessary safety certifications and approvals where applicable.
SolXplus: Your Partner for Successful Canadian Government Funding
At SolXplus, we are dedicated to helping you navigate the Canadian Government’s funding programs, including the Testing Stream. Our team brings deep expertise and strategic insight to help companies successfully secure contracts and funding.
How Can We Support You?
Our goal is to guide you through the application process, ensuring every aspect of your submission meets the necessary requirements. We focus on creating a thorough, detailed, and compelling application that maximizes your chances of success.
What We Require for a Successful Application:
• Quantifiable data, scientific evidence, and detailed technical descriptions of the product or innovation.
• The innovation must either introduce a new process or new technology to the market or represent significant modifications to existing applications, processes, or technologies.
To qualify, your innovation must meet one of ISED’s definitions of innovation:
• A new technology or process that is not currently available in the marketplace.
• Significant modifications to existing technologies, components, or processes applied in new settings or conditions where current applications are not feasible.
• An improvement in functionality, cost, or performance over existing technologies or processes that are considered state-of-the-art or industry best practice.
The SolXplus Difference
SolXplus offers unparalleled support in preparing an effective testing plan and identifying suitable testing environments for your innovation. Our strategic approach and hands-on support throughout the process will significantly boost your chances of success. Let us help you optimize your product line and submission strategy to ensure a winning application.
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