Now Requesting Proposals: Canada Accelerator and Incubator Program (CAIP)

This week, the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP) issued a Request for Proposals under the Canada Accelerator and Incubator Program (CAIP). This is an excellent funding opportunity for qualified, outstanding, and high-potential Canadian business accelerators and incubators.

“Business accelerators and incubators are long recognized as crucial players in the venture capital system,” said JimFlaherty, Minister of Finance. “These organizations bring entrepreneurs together and provide them with hands-on mentorship by successful innovators and access to specialized business services to develop their ideas and grow their businesses and the jobs of tomorrow. Graduates of these programs will be better prepared to attract customers, form strategic partnerships and secure private investment.”

A significant investment from our government, CAIP will maximize the impact of new funding by focusing on proven, best-in-class organizations and providing them with the support needed early on to scale up their activities for the benefit of Canadian entrepreneurs. Financial contributions would support new, incremental activities at outstanding and high-potential accelerators and incubators that promote:

  • The development of investment-ready early-stage firms by accelerators and incubators;
  • An increased range, availability and quality of services available to innovative early-stage firms, such as mentorship and business plan development; and
  • Stronger entrepreneur networks that link recipient organizations in Canada and internationally, including other accelerators and incubators, public research institutions, investor networks and venture capital funds.

As someone who believes that innovation is a key ingredient for a robust Canadian economy, I am extremely excited about this program. Our province has long been a hotspot for start-ups, and CAIP will give organizations the resources needed to ensure that the Albertan entrepreneurial spirit continues to flourish. I encourage any Albertans interested to apply. The deadline to submit a proposal is October 30, 2013.

More information is available on the NRC-IRAP website