Build in Canada Innovation Program Underway
Originally piloted as the Canada Innovation Commercialization Program (CICP), The Build in Canada Innovation Program (BCIP) is an Economic Action Plan 2012 commitment to add $95 million over 3 years and $40 million per year thereafter in order to make the program permanent.
The program aims to support innovation and create high-value jobs to support Canada’s economy. BCIP helps companies overcome the pre-commercialization funding gap by giving them the opportunity display their products and services to the federal government for possible procurement.
How BCIP Benefits Small and Medium-sized Businesses
The Build in Canada Innovation Program (BCIP) helps Canadian companies through the following:
- Awarding contracts to entrepreneurs with pre-commercialized, innovative products and services through a fair and transparent procurement process;
- Offering an opportunity for firms to test goods or services and receive feedback on their performance;
- Providing innovators an opportunity to enter the market place;
- Providing important information on how to do business with the Government of Canada
- Environment
- Safety and security
- Health
- Enabling technologies
4 Areas of Innovation Targeted by BCIP
- Environment
- Safety and security
- Health
- Enabling technologies
Find Small Business Grants and Loans to Grow Your Business
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Learn More About the Build in Canada Innovation Program