While understanding what IRAP funding is provides the foundation, knowing how to navigate the application process is what separates successful applicants from those who miss out on this valuable opportunity.
The IRAP application process can seem complex at first glance, but with the right guidance and preparation, it becomes a clear pathway to securing non-repayable funding for your R&D projects.
From your initial contact with an Industrial Technology Advisor to understanding decision timelines and maximizing your funding strategy, here’s everything you need to know to successfully navigate the IRAP application process.
Step by Step IRAP Application Process
Step 1: Initial Contact
Call NRC IRAP toll-free at 1-877-994-4727 to be connected with an Industrial Technology Advisor (ITA).
Step 2: Eligibility and Assessment
Your ITA will assess your business’s readiness, innovation potential and alignment with IRAP priorities.
Step 3: Project Proposal Development
You’ll work collaboratively with your ITA to prepare a project plan that includes:
- Business strategy, project goals, deliverables and milestones
- Budget and cost estimates
- Commercialization potential
- Team qualifications
Step 4: Proposal Review
IRAP will review your proposal and typically respond within 3 months, depending on the funding size:
| Funding Range | Decision Timeline |
|---|
| Up to $50,000 | 20 business days |
| $50,000 to $500,000 | 30 business days |
| $500,000 to $3 million | 45 business days |
| $3 million to $10 million | 65 business days |
Step 4: Monthly Reimbursement
Once approved, your company will submit monthly expense reports to receive reimbursements for eligible costs.
Timeline and Fiscal Considerations
IRAP operates on a fiscal year cycle from April 1st to March 31st. Projects must be executed and completed within this window.
To maximize your chances of approval, it’s strongly advised to:
- Connect with your ITA at least 3 months in advance
- Have a project plan ready well in advance
What Makes IRAP Different from SR&ED?
One of the most common questions is: IRAP vs SR&ED?
| Feature | IRAP | SR&ED |
|---|
| Timing | Must apply before project starts | Claim after project completion |
| Coverage | Covers 80% salaries, 50% subcontractors | Covers salaries + overhead (via tax credits) |
| Payment type | Non-repayable grants | Tax credits (refundable and non-refundable) |
| Proposal requirement | Mandatory with ITA support | No proposal required, but detailed technical and project documentation is |
Can you combine both IRAP and SR&ED?
Absolutely, but with care. Businesses can leverage IRAP to cover upfront R&D costs and then apply for SR&ED tax credits on any additional eligible expenses. However, overlap must be managed to avoid double-dipping on the same cost line.
With tailored support and significant non-repayable funding, IRAP is a strategic lever for transforming big ideas into market-ready solutions.
Transform Your R&D Vision into Reality
Ready to turn your innovative ideas into funded projects?
Our experienced funding specialists understand the intricacies of the IRAP application process and can help you develop a winning strategy that maximizes your funding potential.
Contact us today to start your IRAP application with confidence!
