Global fintech and funding innovation ecosystem

Call for Proposals: Canadian International Innovation Program

Mentor Works | Myra Bredin | Nov 1, 2019

canadian innovation program - Call for Proposals: Canadian International Innovation ProgramCanadian companies are some of the most innovative in the world. But when it comes to developing and commercializing ideas into globally-competitive technologies, firms are struggling to keep up. It’s not the lack of viable ideas that holds us back, but the ability to advance these ideas into profitable, sustainable business opportunities.

Fortunately, government funding programs such as the Canadian International Innovation Program (CIIP) can reduce the financial burden of research projects while also offering collaboration opportunities. Technology developers can use CIIP to find international research and commercialization partners, access new markets, and lead technologies closer to commercial readiness.

To get started with CIIP funding, Canadian businesses should explore the program’s open Requests for Proposals (RFPs). These RFPs are occasional calls for new partnerships between Canadian companies and companies in one of five international countries. Companies must submit a RFP to be considered; if accepted, companies can participate in foreign trade missions to find research partners. Funding is awarded after projects have finished and research partners have incurred eligible expenses.

About the Canadian International Innovation Program

The Canadian International Innovation Program (CIIP) is a research and development funding program that also supports matchmaking activities with potential research partners. Through the program, Canadian businesses can receive funding to participate in Government of Canada-led trade missions. Companies meet and develop relationships with foreign companies, then develop a plan for advancing innovative technologies.

Partnerships are eligible for up to 50% of eligible project costs to a maximum $600,000 in research grants. These grants support partnership development and research costs.

There are five countries where Canada has research opportunities and trade missions that can accommodate CIIP funding. They include Brazil, China, India, Israel, and South Korea. These markets offer occasional requests for interested businesses but are not always available. Companies should explore the program’s website further to learn which countries have active opportunities before proceeding with collaborative activities in that country.


How the Program Works: Getting Started with CIIP Research Grants

Canadian businesses wishing to engage in international R&D partnerships will complete the following steps while participating in CIIP:

  1. Register online via IRAP’s online CIIP portal;
  2. Submit a project proposal using a standardized application form;
  3. Partner with an eligible international business or individual;
  4. Complete the research and development project; and
  5. Receive Canadian government grants based on project milestones achieved.

Partner with a Canadian Post-Secondary Institution: Want to keep research activities in Canada? Consider working with a college or university to support your R&D projects.

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NCFA Jan 2018 resize - Call for Proposals: Canadian International Innovation Program The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit:

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