Innovative Solutions Canada
Innovation, Science and Economic Development Canada
Program purpose (as reported by the department)
The objectives of the Program are to: -Fuel the development and adoption of technological innovation in Canada; -Grow Canadian companies through direct funding to support early stage, pre-commercial research and development, late stage prototypes, and to accelerate commercialization; -Encourage procurement from companies led by under-represented groups, such as women, Indigenous, youth, disabled individuals, LGBTQ+ and others;-Foster greater industry-research collaboration through the release of challenges for solutions that address key Government of Canada priorities; and-Provide federal departments and agencies with opportunities to develop new capabilities to meet their research and development needs and thereby advance government priorities.
What the numbers say
- Half of the agreements with businesses are worth $150,000 or less.
- The largest recipient, Volta Energy Inc, holds $1,500,000 (17% of the program's business funding in this data).
- The most recent agreement in the data started on 2026-03-26.
By fiscal year
By recipient province
Largest recipients
| Recipient | Agreements | Value | Latest start |
|---|---|---|---|
| Volta Energy Inc | 1 | $1,500,000 | 2026-03-26 |
| Qubic Inc. | 2 | $1,150,000 | 2024-03-29 |
| aiRadar Inc. | 2 | $1,149,126 | 2024-03-29 |
| Avateq Corp. | 2 | $1,130,000 | 2022-03-30 |
| Q-Block Computing Inc. | 2 | $1,107,000 | 2024-03-29 |
| OTI Lumionics Inc. | 2 | $1,042,000 | 2024-03-29 |
| Irreversible Inc. | 1 | $1,000,000 | 2024-03-29 |
| Ekstera Inc. | 1 | $150,000 | 2024-09-20 |
| 1QB Information Technologies Inc. | 1 | $150,000 | 2023-03-29 |
| 6Harmonics Inc. | 1 | $130,000 | 2021-04-19 |
| Redline Communications Inc. | 1 | $130,000 | 2021-04-19 |
Recent agreements
| Start | Recipient | Project | Province | Value |
|---|---|---|---|---|
| 2026-03-26 | Volta Energy Inc | 515916 | ON | $1,500,000 |
| 2024-09-20 | Ekstera Inc. | Stirling engine generators for low-carbon steel | ON | $150,000 |
| 2024-03-29 | OTI Lumionics Inc. | 515224 | ON | $900,000 |
| 2024-03-29 | Q-Block Computing Inc. | 515221 | ON | $957,000 |
| 2024-03-29 | Irreversible Inc. | 515225 | QC | $1,000,000 |
| 2024-03-29 | Qubic Inc. | 515222 | QC | $1,000,000 |
| 2024-03-29 | aiRadar Inc. | 515223 | BC | $999,126 |
| 2023-03-29 | 1QB Information Technologies Inc. | 514961 | BC | $150,000 |
| 2023-03-29 | OTI Lumionics Inc. | 514960 | ON | $142,000 |
| 2023-03-29 | aiRadar Inc. | 514869 | BC | $150,000 |
| 2023-03-29 | Q-Block Computing Inc. | 514867 | ON | $150,000 |
| 2023-03-29 | Qubic Inc. | 514868 | QC | $150,000 |
| 2022-03-30 | Avateq Corp. | 514534 | ON | $1,000,000 |
| 2021-04-19 | 6Harmonics Inc. | 513596 | ON | $130,000 |
| 2021-04-19 | Redline Communications Inc. | 513597 | ON | $130,000 |
| 2021-04-19 | Avateq Corp. | 513595 | ON | $130,000 |
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