Program Details

The IION- Research and Prototyping in Development (iRAPID) Program accelerates commercialization activities for incorporated for-profit innovative companies who need assistance with prototyping projects which could involve developing new products, recipes or programs and testing/validating ideas. Emphasis will be placed on companies who demonstrate the potential to create jobs and grow the economy through their new product, process or service development.

Any three of the cost categories may be used independently or in combination with one another. 

  1. Contractor Fees: Costs associated with utilizing the contractor’s time, expertise, facility or equipment.
  2. Materials:  Cost of consumables used during the project. Equipment/software are not eligible under this program.
  3. Internal Wages: Cost of an existing T4 employee who is working directly on the project.

*Website development/improvements, rolling stock and on-going operational project costs are not eligible.

Are there costs to me?

Yes. The iRAPID program will support up to 50% of eligible costs, before tax, at one of three funding levels.

Level 1: $5,000 grant for a minimum project spend before tax of $10,000

Level 2: $7,500 grant for a minimum project spend before tax of $15,000

Level 3: $10,000 grant for a minimum project spend before tax of $20,000

Is my business eligible?

  • The applicant must be a for-profit incorporated entity
  • The applicant must be located in the district of Nipissing, Timiskaming, Parry Sound or Muskoka
  • The program is not intended to support, nor is applicable to, businesses operating as distributors or re-sellers.

Applications are subject to a monthly competitive review process (the last day of every month is the submission deadline). Applications must be received prior to incurring costs associated with the project. Successful applicants will have 6-months to complete the project and will be reimbursed upon receipt of final invoice(s) and proof of payment.

Successful applicants will be required to register as an IION client, complete a mandatory post project short results survey as well as an annual survey. This allows IION to continue to provide ongoing support to the business community. Failure to complete these surveys could result in making the applicant ineligible for future IION funding programs. IION will maintain the confidentiality of collected data, meaning it will only be used in terms of total results from all projects, and no particular company is ever personally identified.

How do I get started?

*To ensure your project qualifies, applicants are strongly encouraged to contact IION prior to applying.*

Click to Download iRAPID Application

Contact Emily at:
705-498-5584 or email at 

 

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