Collaborative Research and Development
Although ISTPCanada does not require adherence in project proposals to a standard project model, the following key elements should be considered for international collaborative R&D projects seeking ISTPCanada funding:
- Industry (SME) participation in both country research teams (Canadian SME participant is mandatory for Canadian funding);
- Canadian Industry participation from both a technology developer company and an end-user company;
- University or College participation
The involvement of end users in projects provides a market test - a key pre-condition of commercialization. Participation by universities and colleges applies Canada's best minds to develop solutions, and creates research opportunities for students who will bring their knowledge to Canadian employers, or into their own start-up companies, upon graduation.
Relationships formed within the context of the projects can carry over into the commercialization phase. Key components of the application process, the market opportunity assessment in the project proposal, and the commercialization strategy that is a final deliverable, can help companies move successful R&D results to market quickly. Risk sharing and access to top experts stimulate the growth of small companies into sustainable global players.
To learn more about country specific programs, click on one of the links below: