IAC | Innovation Asset Collective - IP Funding

As an SME, you are often capital constrained. Your allocation of funds supports your business-critical infrastructure and R&D initiatives, while IP-specific spend is often put on the backburner. This is where IAC can help.

To help you scale your business, IAC offers two forms of funding to support IP development and growth:  

IP credit – Here’s how it works:  

• Your IAC annual fee can be used right away as credit and/or reimbursement towards your IP spend, including services such as trademark prosecution, patent filing, drafting, IP consultation with law firms, or any software tools required to monitor existing IP.
• This IP credit is designed to incentivize IP spend wherever you operate so is not limited to Canada; it can be used in international jurisdictions and with the service provider of your choice.
• We reimburse any money spent towards the IP Credit program, up to a maximum of the amount you pay to join IAC.

IAC’s Grants – Here’s how it works: 

• With multiple submission rounds throughout the year, IAC Grants help you when and where you need it most.
• IAC has three IP Grant programs available: for Full Members, Associate Members, and to tackle the inequitable gender balance in IP, IAC also has a grant for women-led companies.
• IAC’s Full Member Grant pool is $100K per round, with individual awards ranging from $5K – $20K.
• Associate Member and Women in IP Grant allocate a pool of $50K per round, with individual awards ranging from $5K-$10K.
• Submissions for all of these grants are judged on your ability to demonstrate how you’re able to move your business strategy forward using IP.

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