Choosing a Grant to apply for can be anxiety inducing. As grant consultants we inform you of your options and will apply for the minimum number of grants to maximize your return and save you time.
R&D grants can be categorized into 3 buckets
- Subsidizing worker salary, subcontractors, materials
- Reducing marketing costs
- Hiring low cost students/graduates
Although there are hundreds of grants, we advise only applying for the mainstream ones to save you time and money. We have listed below the top grants to have your eye on, if you are a R&D startup looking to save your hard earned money.
- SR&ED (Scientific Research and Experimental development)
- Focuses on projects that solve a technical uncertainty with systematic experimentation
- Reclaim salary (55%), sub-contractor fees (33%), and material costs (55%)
- CANexport
- Covers 50% of marketing costs in international markets
- Requires a minimum of $100k revenue, and $10k marketing expenses
- IRAP (Industrial Research Assistance Program)
- Focuses on innovation and commercialization of ideas
- 80% salary coverage and 55% sub contractor coverage
- MITACS
- Encourages local talent hires
- $15k/6month matching salary for PHD, Masters, New grads (<2y)
- Superclusters
- Focus Areas; AI, Digital, Protein, Ocean, Manufacturing
- Offer over $5M in funding over a multi-year contract
If per-chance you fall outside of the R&D realm there are several grants that are available on a case by case basis. As grants consultants we will do the research and identify what grants you will be eligible for.
For more information, please contact:
info@sredsolutions.com