Toronto-based businesses have a phenomenal opportunity when it comes to exporting products internationally. There are government funding programs and other resources available to companies of all sizes and industries; the key is knowing how to access them.
Converting innovative technologies into a commercial product can be a challenge for even the most disruptive tech developers. This obstacle is something many Canadian small and mid-sized businesses experience; those with the ability to conduct R&D activities but lack an extensive buyer network.
The National Research Council Canada (NRC) created the Industrial Research Assistance Program (NRC-IRAP) as a suite of Canadian government funding programs that assist small and mid-sized businesses solve technical challenges and develop innovative technologies.
The Interactive Digital Media Fund (IDMF) is an Ontario government funding program supporting the development of interactive digital media projects that educate, inform, and/or entertain end users. Applicants are encouraged to apply during two annual intake periods to secure additional project funding and improve their final product.