The IRP provides funding in the form of a grant to cover the following expenses:
- Specialized support service by a qualified professional who acts as an external resource and who is selected by the organization on the basis of a detailed service offer: costs related to customized support, participation in an incubator or an accelerator;
- Financing of studies carried out by a qualified professional, who acts as an external resource and who is selected by the organization on the basis of a detailed service offer: organizational diagnosis, cost analysis and implementation systems, market research, technical studies, plans and specifications, business plan, marketing plan, development plan, financial forecasts or any other study relevant to the realization of a project;
- Hiring essential internal human resources (project manager, coordinator and others) to carry out the investment readiness project;
- Production of prototypes (including market and product/service tests);
- Travel, representation and other expenses deemed essential to the completion of the project;
- Research and development (R & D) related expenses;
- Expenses related to the development of the organization’s project: expenses related to the rental of premises, computer equipment, telecommunications cost, supplies and other operating expenses;
- Market solicitation fees;
- Acquisition of technology, software or software packages, patents and any other expenses of a similar nature;
- Viability study;
- Impact measurement;
- Minor asset purchases (must be related to enterprise development);
- Minor renovations (must be related to enterprise development); and
- Software or web design product.
Other expenses may be considered. To receive guidance, please contact our IRP Coordinator, Shady Hafez.
What the non-repayable capital cannot be used for?
IRP non-repayable capital cannot be used for Friendship Centre or PTA regular operating costs (“core” costs). This includes ongoing administration costs, funding for additional permanent staff, rent, or procuring real estate.
IRP funds cannot be used for Covid-19 small business relief, if you are seeking small business support for your enterprise please refer to this document for more information on small business relief in your region.