Update from the Council of Canadian Innovators - 17 April 20

Good evening,

Thank you to those who participated in this afternoon's update call with Innovation Minister Navdeep Bains. If you weren't able to join the call, we've uploaded the audio here: https://bit.ly/2VQHxZV

We were pleased to have both Minister Bains and Iain Stewart, President of the National Research Council, on the call today to provide an overview of how the government plans to use the Industrial Research Assistance Program (IRAP) to support Canadian innovators who are ineligible for the 75% Canada Emergency Wage Subsidy (CEWS) and other stimulus measures announced to date. Our call with the Minister comes on the heels of an announcement by the Government of Canada to increase IRAP's funding envelope by $250M and double the funding available for Regional Development Agencies (RDAs) with an investment of $962M.

For more information about the new IRAP program announced today, visit https://nrc.canada.ca/en/support-technology-innovation/register-nrc-irap-innovation-assistance-program.

And while the majority of the call today did focus on the IRAP program, more information about accessing support from the RDAs is expected in the coming days, and we'll update you accordingly.

I'd like to pause and thank you all for participating in our national advocacy efforts to support the Canadian technology ecosystem.

By showing up, being counted, and sharing your stories with your local government representatives and members of the media, you're helping to reorient Canada's economic policies towards the 21st century innovation economy and keep Canadians working. Your advocacy matters and your voices are being heard, as Minister Bains acknowledged on the call today. Advocacy is most effective when we all speak with one voice, and over the past number of weeks, you've all put on your jersey's for Team Canada, and it's made a difference. Congratulations to you all.

You can see your advocacy at work in these articles published today in various Canadian newspapers:

• The Globe and Mail: Ottawa unveils $1.2-billion in pandemic funding for startups, small business
• Betakit: Federal government commits additional $250 million in IRAP
• The Logic: Navdeep Bains on Ottawa's plan to save Canadian tech amid COVID-19
• Financial Post: Ottawa to provide $250 million to prop up strategic innovative firms hurt by COVID-19

Have a great weekend,

Ben

Benjamin Bergen

Executive Director

Council of Canadian Innovators \ Conseil Canadien des Innovateurs