Funding For Technology Companies

Companies working on innovative technology development, software development, or IT projects have a number of funding opportunities available to them

IRAP Funding

$150,000 for R&D

Fund your innovative process and product development through the IRAP program. Companies can receive up to $150,000 for R&D, design, development, demonstration projects, and prototyping.

Export Market Access

$30,000 for Trade Shows

Companies can use this program to attend tradeshows outside of Canada. The grant offers up to $30,000 for booth and at-show marketing costs. Companies can apply for up to 3 tradeshows at one time.

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Canada Job Grant

66% of Training Costs

This program provides 66% of the cost to train employees through a third party trainer. Companies can send their staff to complete training opportunities such as leadership, technical, or operational education.

Hiring Programs

$20,000 for New Grads

Companies can access up to $20,000 to subsidize the cost of a new employee’s salary. The grant allows companies to hire recent graduates from Canadian universities. 

SR&ED Tax Credits

BFI and Business Improvement Group also help companies claim their SR&ED tax credits for innovative technology R&D projects. The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program, administered by the Canada Revenue Agency, that encourages Canadian businesses of all sizes and in all sectors to conduct research and development in Canada that will lead to new, improved, or technologically advanced products or processes.