Research and development 

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The consumer's appetite for new and improved offerings is constant. Innovating can help you meet those needs and gain an edge over your competitor's products or services. By investing in research and development, your business could achieve greater profits down the road.

R&D involves finding out what the market wants, then designing, prototyping, testing, and producing the final product or service.

Whether you are on your own or have a dedicated R&D team, there are a number of activities you may need to do if you undertake this kind of project. You may need to:

  • Do your own research or get outside assistance
  • Meet performance or safety standards and regulations for controlled or restricted products
  • Implement new technologies to produce your products or deliver services
  • Protect your ideas

Take advantage of resources that may help you.

  • Atlantic Innovation Fund
    Applies only to: New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island

    If your business is in the Atlantic provinces, you could get money to develop new technology.

  • R&D Proof of Concept
    Applies only to: Newfoundland and Labrador

    Apply for a grant to reduce the technical and financial risk of your innovative, pre-commercial research and development project.

  • R&D Vouchers
    Applies only to: Newfoundland and Labrador

    Access funding for technical expertise and facilities that will support your research and development activities within your innovative business.

  • Western Research Park

    Get help developing and commercializing your innovative product or service by partnering with the University of Western Ontario's Research Park.