Providing modest financial support for certain eligible activities related to the partnering or acquisition of this foreign technology. The domestic version of the program assists Canadian SMEs access Canadian technology not locally available. TIP activities are driven by the need of Canadian firms.
TIP facilitates Canadian acquisition of foreign technology.
Such relationships can involve various forms of industrial and technological cooperation, including technology transfers, licensing agreements, joint ventures, as well as strategic alliances. The CRD process can be used for university researchers when they collaborate with an SME which is applying to IRAP for assistance. The firm must also demonstrate that it has the technical, financial, and managerial capability to assimilate the technology should acquisition or partnering be successfully arranged. TIP projects are assessed on their potential to acquire new or unique technology and skills, which will benefit the Canadian economy by increasing competitiveness, reducing costs and creating jobs. The seriousness of a company's commitment is determined, in part, by its willingness to carry a share of the financial burden.