There are a multitude of funding programs available on the federal and provincial level. See the table below for funding programs specific to this industry
The software and IT industry has a vital role in innovation due to its interconnectivity across various industry technologies such as connected vehicles, healthtech, fintech and blockchain. New technologies like AI and Machine learning have even become their own fields. Many technologies stemming from the industry are extremely versatile in use, including big data and IoT. The global IT industry presents promising growth for current and future innovations, with a 5-year CAGR of 11% at 2025 and 10.7% for the software industry. To encourage innovation, the provincial and federal government have programs in place that help finance R&D and other expenditures. Explore the funding programs available below. Contact a Funding Expert to learn how to get your grant application started!