INDUSTRIAL RESEARCH ASSISTANCE PROGRAM (IRAP)

INDUSTRIAL

RESEARCH

ASSISTANCE

PROGRAM (IRAP)Helping small and medium-sized businesses grow

LSBC McCarthy Spotlight Series: Non-Dilutive Funding.

June 25, 2020

Industrial Research Assistance Program

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STIMULATE WEALTH CREATION for Canada

through innovation

ACCELERATE THE GROWTH of small and medium-

sized businesses by providing them with a

comprehensive suite of innovation services and

funding

NATIONAL RESEARCH COUNCIL CANADA

MANDATE

MISSION

Industrial Research Assistance Program • NRC IRAP

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SERVE OVER 8,000

CLIENTS ANNUALLY (advisory services + funding)

across all industry sectors

and fund over 3,000 clients

PROVIDE ADVICE,

CONNECTIONS,

AND FUNDING to help Canadian

small and medium-sized

businesses increase their

innovation capacity and

take ideas to market


Industrial Technology Advisors (ITAs)

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• Private sector experience

• Later in career cycle (typically 20+

years experience)

• Senior managers and entrepreneurs

• Most have an engineering or science

background

• 255 advisors across Canada


IRAP Pacific Region Life Science ITAs

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Biological / Biochemical Sciences

• Eric Atkinson, PhD

• Paul Barran, PhD

• Cynthia Shippam, PhD

• Mac Parmar, PhD

• Deana Dryhurst, PhD

Digital Health Technologies and/or Medical Devices

• Alexei Doudkine, PhD

• David Phillips, MSc

• Trevor MoatNATIONAL RESEARCH COUNCIL CANADA

Building a Trusting Relationship with

Clients to Help Their Business Prosper

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WE HELP REMOVE PAIN POINTS FOR BUSINESSES INCLUDING:

• Capital and financing

• Human resource talent

• Export market access and knowledge

• Technology (adaptation and insight)

• Market knowledge/intelligence

• CxO talent

• Productivity enhancement

• Strategy development


…..and (sometimes) funding for R&D

Federal Transfer Payments:

Contributions vs. Grants

6NATIONAL RESEARCH COUNCIL CANADA

Contribution

Is a transfer payment. IRAP Funding is a Financial Contribution specified in a funding agreement (the “Contribution Agreement”).

A contribution is to be accounted for and is subject to audit.

Grant

Is a transfer payment subject to pre-established eligibility and other entitlement criteria. A grant is not subject to being accounted for by a recipient nor normally subject to audit. The recipient may be required to report on results achieved.

All IRAP funding is a Financial Contribution

IRAP Funding is Provided as a

Reimbursement


• Client needs to have incurred the expense first, and then

claim for reimbursement

• IRAP reimbursement level is only partial and only covers

some of the costs of the project

• Therefore the client must demonstrate they have the

financial capability to fund their share of the project costs

AND be able to financially bridge the gap between

incurring the expense and being reimbursed for it

IRAP projects are usually for growth-stage companies

with money in the bank or a revenue stream

What IRAP Can Support


IRAP Can Contribute Partially Towards These Project Costs

• Technical salaries (T4’d employees)

• Contractor costs (can include self-employed technical staff)

We Do NOT support

• Employee Benefits

• Equipment Costs

• Consumables Costs

• Patenting and Legal Costs

• Clinical Trials

• Manufacturing

• Travel*

Who can we select?


BASIC ELIGIBILITY

• Incorporated SME operating in Canada

• 500 or fewer employees

• Objective to grow through innovation

CONTACT IRAP TO DETERMINE ELIGIBILITY

• Call toll-free: 1-877-994-4724

• Connection to Client Engagement Advisor• Will get a basic understanding of your firm

• Will determine if suitable for IRAP engagement at this

time (may also suggest alternative programs)

• Will connect with an ITA if appropriate.

Project Assessments


• Business opportunity and market demand

• Management & financial capabilities

• Potential to achieve expected outcomes

• Plan to commercialize results

ASSESSMENT OF THE BUSINESS

• Project plan and technical challenges

• R&D team’s capacity to achieve uccess

• Capacity for IP generation

• Potential impact on the firm and Canada

ASSESSMENT OF THE Project

Types of IRAP Projects

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Technical Expertise

$

• “Regular” IRAP R&D Projects

• Accelerated Review Process (ARP) Projects

• Youth Employment Projects

• International Collaborative Projects

Helping SMEs succeed globally:

Support for International Collaborations

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SUPPORTED PROGRAMS:


• EUREKA

• Eurostars™

• Canadian International Innovation Program (CIIP)

• CanExport

https://nrc.canada.ca/en/irap/about/international

Other Types of IRAP Support

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Technical Expertise

$

• NRC R&D Certificate

• Makes access to NRC’s facilities and expertise simpler and more affordable to IRAP clients

• NRC Researcher – SME Interaction

• Covers cost of 3-5 days of an NRC Researcher’s time to consult for an IRAP client

COVID-19 and NRC IRAP

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• IRAP program is continuing on with “business as usual

• Virtual meetings with clients vs site visits

• Certain high priority COVID-19 projects have been fast-tracked for

funding from national (not regional) budget

• Assisting OGDs with COVID-19 priorities

• Innovation Assistance Program (Wage Subsidy)


NRC IRAP DISRUPT COVID-19 PITCH SESSIONS


DISRUPT COVID-19 PITCH SESSIONS

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Initiated and Organized by NRC IRAP

• Allowed multiple key government departments and agencies

to get a quick appreciation for Canadian SMEs with

innovative technology for the fight against COVID-19

• SMEs and IRAP obtained feedback regarding interest and

priority areas from key government departments and

agencies

• Facilitated introductions between SMEs and interested

government departments

• Helped to inform NRC COVID-19 Challenge Program


NRC IRAP ISC COVID-19 Challenge Program


https://nrc.canada.ca/en/support-technology-innovation/industrial-research-

assistance-program-innovative-solutions-canada-covid-19-challenge-program

COVID-19 Program Support Summary

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• The document at the DROP BOX link below is a collection of information compiled by the NRC IRAP

Client Engagement Advisors (CEA) located in the IRAP Pacific Region (BC and Yukon).

• It contains a summary of various COVID-19 support programs (not just IRAP) collected from numerous

sources circulating within the technology community and elsewhere.

• This is NOT a complete or official list of programs. Rather, it is a best effort by the IRAP Pacific CEA team

as service to our innovative SME community. As such, none of the content is guaranteed to be accurate

or up to date.

• There may be some errors and associated links within the document may change or expire. Summary

information may also become outdated. Always check the associated links for any real time changes.

• The document has been updated many times so far (Version 16 as of June 12, 2020). Updates will likely

be made less often now unless the COVID-19 situation in BC and Canada changes dramatically. The most

recent update will be accessible at the link below, but the document may be removed at any time without

notice.

DROP BOX:

https://www.dropbox.com/sh/ujqkl0dfbuv6h3a/AADvGHmfA2VWjtUtITkbQLeva?dl=0


https://www.dropbox.com/sh/ujqkl0dfbuv6h3a/AADvGHmfA2VWjtUtITkbQLeva?dl=0

CONTACT IRAP

Call toll-free:

1-877-994-4727A Client Engagement Advisor will Assist You!

THANK YOU

Eric Atkinson ([email protected])

INDUSTRIAL RESEARCH ASSISTANCE PROGRAM (IRAP)

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