Innovative Solutions Canada
National Research Council Canada
Program purpose (as reported by the department)
Fuel the development and adoption of technological innovation in Canada
Agreements with businesses
52
Median agreement
$200,000
Range
$133,110 – $2,000,000
Recipients
37
Last 12 months
3
Total value
$28,476,522
What the numbers say
- Half of the agreements with businesses are worth $200,000 or less.
- The largest recipient, Plasmagear Inc., holds $3,300,000 (12% of the program's business funding in this data).
- The most recent agreement in the data started on 2026-03-25.
By fiscal year
2021-22$8,053,36724
2022-23$13,071,49614
2023-24$300,0002
2024-25$1,592,2634
2025-26$5,459,3978
By recipient province
ON$9,395,45217
BC$8,986,43915
QC$6,651,76611
AB$2,043,3565
NB$1,266,3993
SK$133,1101
Largest recipients
| Recipient | Agreements | Value | Latest start |
|---|---|---|---|
| Plasmagear Inc. | 4 | $3,300,000 | 2022-12-15 |
| Response Biomedical Corporation | 2 | $2,300,000 | 2023-01-23 |
| Acuva Technologies Inc. | 2 | $2,150,000 | 2022-12-15 |
| Deep Biologics Inc. | 1 | $2,000,000 | 2021-04-01 |
| TerraFixing Inc. | 2 | $1,700,000 | 2026-03-25 |
| 15138671 Canada Inc. | 2 | $1,698,905 | 2026-03-25 |
| VEI Contracting Inc. | 2 | $1,690,263 | 2026-02-23 |
| 5R Enabler Designs and Operations Inc | 2 | $1,283,406 | 2023-01-23 |
| Ocean Diagnostics Inc | 2 | $1,155,024 | 2022-09-14 |
| Solutions Avancées | 2 | $1,150,000 | 2022-12-15 |
| Facca Inc. | 2 | $1,150,000 | 2025-03-25 |
| Vision Composites Inc. | 2 | $1,148,009 | 2022-09-26 |
| 719399 N.B.CORP. | 2 | $1,116,399 | 2022-12-12 |
| Roswell Downhole Technologies | 1 | $1,000,000 | 2022-03-15 |
| Optima Analytics | 1 | $999,712 | 2021-07-23 |
Recent agreements
| Start | Recipient | Project | Province | Value |
|---|---|---|---|---|
| 2026-03-25 | 15138671 Canada Inc. | Hybrid membrane separation process to separate water from industrial processes as an alternative to thermal evaporation | QC | $1,500,000 |
| 2026-03-25 | TerraFixing Inc. | Modular Long-Duration Thermal Energy Storage (MoLTES) | ON | $1,500,000 |
| 2026-02-23 | VEI Contracting Inc. | Continuous Flow Phtochemical Destruction of PFAS in Aqueous Matrices | ON | $1,498,000 |
| 2025-08-11 | 12989972 Canada inc. | Development of an electrode plasma heating system | QC | $200,000 |
| 2025-08-11 | TerraFixing Inc. | Triply Periodic Minimal Surface Thermal Energy Storage (TPMS TES) | ON | $200,000 |
| 2025-08-11 | 15138671 Canada Inc. | Hybrid membrane separation process for separating water from industrial processes as an alternative to thermal evaporation | QC | $198,905 |
| 2025-04-14 | Dark Matter Materials Inc. | Alkali Metals Based Nanomaterials for Semi Solid-State Batteries | AB | $200,000 |
| 2025-04-14 | Volta Energy Inc. | Novel Cobalt-free High Voltage Cathode paired with hybrid Solid-State Electrolyte for High Performance Li-Ion Batteries | ON | $162,492 |
| 2025-03-26 | Saltworks Technologies Inc. | P-Sonic: An Advanced Ultrasonic Cavitation Solution for PFAS Destruction | BC | $200,000 |
| 2025-03-26 | VEI Contracting Inc. | Continuous Flow Phtochemical Destruction of PFAS in Aqueous Matrices | ON | $192,263 |
| 2025-03-26 | Trium Environmental Inc.. | Innovative and Effective Perfluoroalkyl substances (PFAS Destruction unsing Rotor-based Hydrodynamic Cavitation (RHC) Combined with Advanced Oxidation Processes (AOP) | AB | $200,000 |
| 2025-03-25 | Facca Inc. | Development of Ultra High Performance Concrete (UHPC) Construction Piles and associated splice methodology | ON | $1,000,000 |
| 2024-03-29 | Plascon Plastics Corporation | Low-Carbon Construction Materials | BC | $150,000 |
| 2024-03-29 | Facca Inc. | Low-Carbon Construction Materials | ON | $150,000 |
| 2023-01-23 | 5R Enabler Designs and Operations Inc | A Trojan-Horse Approach to the Development of Compostable Latex Medical Gloves | BC | $1,000,000 |
| 2023-01-23 | Response Biomedical Corporation | Rapid high sensitivity Troponin I Assay for COVID patient management at the Point of Care | BC | $2,000,000 |
| 2023-01-03 | PharmaPlanter Technologies Inc | Development of plant-based Nrf2 activator therapeutics to alleviate the severe complications of respiratory diseases | BC | $150,000 |
| 2023-01-03 | Canurta Inc. | Therapeutic potential of cannflavins in viral respiratory infections | ON | $150,000 |
| 2023-01-03 | Tetra Bio-Pharma Inc. | Onternabez, a Novel Therapeutic for Systemic Hyperinflammation | ON | $149,180 |
| 2022-12-15 | Solutions Avancées | LSVS-2 in 1 (healthy light for healthy living - 2 in 1 technology) with disinfection and air purification. | QC | $1,000,000 |
| 2022-12-15 | Plasmagear Inc. | Development of Efficient Portable Air Purifiers by Surface Engineering of Nanospun Filters for Capture and Inactivation of Viral Particles | QC | $2,000,000 |
| 2022-12-15 | Acuva Technologies Inc. | UV-LED Air Purification System for Ground Public Transportation | BC | $2,000,000 |
| 2022-12-12 | 719399 N.B.CORP. | Ultraviolet Germicidal irradiation (UVGI) Air Purification System (Charli 5) | NB | $969,534 |
| 2022-09-26 | Plasmagear Inc. | Fully-Breathable, Transparent and Compostable Medical Grade Masks | QC | $1,000,000 |
| 2022-09-26 | Vision Composites Inc. | Scaling up Vision’s developed transparent nanofilter medical grade mask technology: from laboratory scale to industrial level | BC | $998,009 |
Method & sources
Source: Government of Canada "Proactive Disclosure – Grants and Contributions" (Open Government Licence – Canada). We include agreements with for-profit recipients that started on or after April 1, 2021, and keep the latest amendment of each agreement, so values are the current agreement value, not money paid out. Departments report on their own schedule, so the most recent quarter is incomplete. Recipients are linked to company pages by exact name match. This is not an endorsement or an eligibility determination — check each program's official page.
Dataset on open.canada.ca · Search the official grants records