The BCIP is a government program that helps Canadian companies of all sizes move their state-of-the-art goods and services from the laboratory to the marketplace.
No, the contract you receive from the BCIP is yours without giving equity or any form of reimbursement.
The BCIP pays up to $500,000 for non-military innovations and up to $1,000,000 for military innovations.
You or your organization must:
- Be Canadian or partnered with a Canadian bidder
- Own the intellectual property rights for the proposed innovation or have been granted a licence to the intellectual property
Your innovative product or service:
- Has never been sold commercially (excluding beta testing)
- Meets the required technology readiness level
- Includes a minimum of 80% Canadian content
At Solution Xplus we will work with you until your application is impeccable and ready for submission. Typically, our team will meet with you for 10, one-hour meetings.
We will guide you through the application process question by question and assist you in including all priority information. Our communications team will do multiple final edits of the application to ensure that every question flows, makes sense and is insightfully answered.
Challenge meets opportunity - Innovative Solutions Canada is a new program with over $100 million dedicated to supporting the scale up and growth of Canada’s innovators and entrepreneurs by having the federal government act as a first customer. Federal departments and agencies will issue public challenges designed around a desired outcome, the challenge will be novel where there is currently no solution(s) in the marketplace.
Solution proposals can only be submitted by a small business that meets all of the following criteria:
- for profit
- incorporated in Canada (federally or provincially)
- 499 or fewer full-time equivalent employees
- research and development activities that take place in Canada
- 50% or more of its annual wages, salaries and fees are currently paid to employees and contractors who spend the majority of their time working in Canada
- 50% or more of its FTE employees have Canada as their ordinary place of work
- 50% or more of its senior executives (Vice President and above) have Canada as their principal residence