The Innovation & Development Program (IDP) was created to help commercialize new technologies and innovations within the Canadian health industry. This funding mechanism is part of the Health Technology Commercialization Program, created by the partnership of Ministry of Research and Innovation and The Health Technology Exchange.
Funding is open to Ontario SME’s in the health sector, actively taking part in research and development initiatives. In order for your research project to be eligible, your Intellectual Property (IP) must have a proof of concept and passed an initial design and validation phase.
Amount and Type of Funding
Support is given as a performance-based loan or convertible debenture. The IDP covers 50% of project costs for projects around $200,000. Eligible expenses include salaries with benefits, capital costs, direct research related costs, and commercialization costs.
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