Announced by the Government of Canada, the International Science and Technology Partnership Program (ISTPP) is a five-year, $20-million program promoting and encouraging international collaborative research. By supporting research projects within the science and technology field, the ISTPP will build strong Canadian relationships with Israel, India, China and Brazil. Science and technology networking will foster new global industry-industry partnerships as well as university-industry partnerships, increasing international competitiveness and prosperity. Funding can be used for research organizations and their counterparts in the selected country as well as Canadian participation in research projects. Funds to the academia is in the form of a grant, where funds to the company are in the form of a loan, repayable only on the commercial success of the project.
The amount of funds depends on the country whom you have chosen to partner with. The Canada-Israel agreement will provide up to $1 million a year for five years, for each country. The Canada-India agreement has contributions up to $6.75 million over five years. The Canada-China agreement states that up to $5.25 million over four years. And lastly, the Canada-Brazil agreement will provide companies with $1.5 million over a two year period.
Eligible Funding Projects
The project must contribute to the objectives of the ISTPP; the funding must be necessary for the project to proceed with the desired scope. In the event of commercial success, the funding for your project must be repaid in whole or in part. Private companies in various sectors are eligible to apply; specific eligibility criteria are dependent on the project and target country.
First Steps Towards Government Funding
The ISTPP is an excellent way to encourage the global partnerships critical for improving commercialization. After deciding which country you are interested in partnering with and selecting a project, please contact Mentor Works.