Canada Pledges $240M for Defense Tech Innovation

National Research Council Canada

NRC IRAP is launching Defence Industry Assist to provide advice and funding to high-potential, innovative SMEs, to advance made-in-Canada defence and dual-use technologies.

Today, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, announced the Government of Canada is investing $244.2 million in the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) starting in 2025-2026, to launch its Defence Industry Assist initiative (DI Assist).

The Defence Industry Assist program will provide funding and advice to high-potential, innovative Canadian SMEs to advance made-in-Canada defence and dual-use technologies. This investment will support the innovative and collaborative capacity of the Canadian defence industry and address the needs of the Canadian Armed Forces.

By working with industry to reduce barriers to market entry through targeted investments, connecting SMEs to procurement pathways, and strengthening supply chain collaborations, DI Assist will position innovative Canadian businesses to reinforce Canada's defence priorities and compete globally.

Research and development activities supported through DI Assist will grow our economy, create high-quality Canadian jobs, and will contribute to Canada's efforts to meet its 2% NATO defence spending target.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.