Innovative Solutions Canada – Challenge Stream

About this program

Challenge stream for Canadian SMEs to submit innovative ideas, early-stage innovations, and late-stage prototypes addressing specific government challenges. Phase 1 provides funding (up to $150,000–$300,000) to develop proof of feasibility; Phase 2 provides funding (up to $1M–$2M over 2 years) to build and test prototypes. Successful innovators retain IP ownership and may commercialize solutions through the Pathway to Commercialization program.

What this program funds

Innovative Solutions Canada – Challenge Stream is a federal program run by Innovation, Science and Economic Development Canada (ISED) that funds small and medium-sized enterprises developing innovative solutions to government challenges.

Eligible applicants are for-profit SMEs incorporated in Canada at the federal or provincial level. The program operates through two funding phases. Phase 1 provides up to $150,000 to $300,000 to develop proof of feasibility for an idea, early-stage innovation, or late-stage prototype. Phase 2 provides up to $1 million to $2 million over two years to build and test prototypes. Successful innovators retain intellectual property ownership and may access the Pathway to Commercialization program to help bring solutions to market.

Applications are accepted on a rolling basis with no set deadline.

Written by AI from this listing's own details, with no facts added. How we use AI. Always confirm the details on the funder's official page before applying.