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National Research Council of Canada Industrial Research Assistance Program

Investor type Government Office


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 105
Average round size
The average size of a deal this fund participated in
Portfolio companies 91
Lead investments 7
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 16
Key employees Soon

Areas of investment

  • Biotechnology
  • Software
  • Health Care
  • Information Technology
  • Artificial Intelligence

The leading representative office of defined Corporate Investor is situated in the Ottawa. The venture was found in North America in Canada.

The usual cause for the fund is to invest in rounds with 2 partakers. Despite the National Research Council of Canada Industrial Research Assistance Program, startups are often financed by Natural Sciences and Engineering Research Council of Canada (NSERC), Ontario Centres of Excellence, New Brunswick Innovation Foundation. The meaningful sponsors for the fund in investment in the same round are Volition Capital, Royal Bank of Canada, Greenspring Associates. In the next rounds fund is usually obtained by Ontario Centres of Excellence, Natural Sciences and Engineering Research Council of Canada (NSERC), Innovacorp.

The fund is generally included in 2-6 deals every year. The important activity for fund was in 2017. The real fund results show that this Corporate Investor is 1 percentage points less often commits exit comparing to other companies. The usual things for fund are deals in the range of 1 - 5 millions dollars. The average startup value when the investment from National Research Council of Canada Industrial Research Assistance Program is 1-5 millions dollars.

Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Among the most popular portfolio startups of the fund, we may highlight Assent Compliance, Zucara Therapeutics, Smart Skin Technologies. The fund has specific favorite in a number of founders of portfolio startups. We can highlight the next thriving fund investment areas, such as Elder Care, Health Care.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of National Research Council of Canada Industrial Research Assistance Program:
Typical Co-investors
National Research Council of Canada Industrial Research Assistance Program is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after National Research Council of Canada Industrial Research Assistance Program:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Machine Learning
$2M31 Oct 2022 Montréal, Quebec, Canada

Qu Biologics Inc.

Health Care
$6M17 Oct 2022 Vancouver, British Columbia, Canada

CEM Specialties Inc

Environmental Engineering
Product Design
Product Research
$300K13 Jul 2022 London, Ontario, Canada


Artificial Intelligence
Electric Vehicle
Information Technology
Machine Learning
$27K21 Jun 2022 -


Staffing Agency
$300K01 Jun 2022 Toronto, Ontario, Canada


$342K26 May 2022 Ottawa, Ontario, Canada


Trading Platform
$238K20 Apr 2022 Calgary, Canada


Health Care
Health Insurance
$556K09 Mar 2022 Montréal, Quebec, Canada

Arctic Shelf

Food and Beverage
Internet of Things
$250K10 Feb 2022 Saskatoon, Saskatchewan, Canada


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