Commercialization and Investment Readiness Microgrant

Innovate BC · This non-repayable grant program provides up to $30,000 to help B.C.-based small and medium-sized companies address commercial and investment-readiness barrier…

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Overview

This non-repayable grant program provides up to $30,000 to help B.C.-based small and medium-sized companies address commercial and investment-readiness barriers. Eligible uses include professional services related to financial, legal, IP, cybersecurity, regulatory, and commercial infrastructure that support advancement toward investment, market entry, or partnership opportunities.

Eligibility

For-profit company headquartered and incorporated in British Columbia (or federally incorporated and in good standing)Small or medium-sized enterprise with 499 employees or fewerOwn, license, or hold rights to commercialize an innovative product, service, or technology with credible market opportunityDeveloping or commercializing an innovative product, service, or technologyReached a stage where proposed readiness work can be acted on by March 19, 2027, with identified specific commercial or investment-readiness barrier

Eligible projects

Arm's-length consulting and professional-service fees for investment, commercial strategy, legal, IP, and transaction readinessPrivacy, cybersecurity, regulatory, standards, and certification readiness servicesTesting, assessment, audit, filing, application, and certification feesFirst-year software or data costs integral to implementing an approved readiness systemProfessional planning and structuring for future collaborative R&D projectsOther direct third-party costs addressing material readiness barriers and unlocking commercial or investment opportunities

Financing terms

Non-repayable grants of up to $30,000 per companyCovers up to 75% of total project costs; requires minimum 25% cash contribution from applicantAll funded activities must be completed by March 20, 2027Competitive awards subject to available program funding; meeting eligibility requirements does not guarantee fundingCosts incurred before written project approval are not eligible

How to apply

1Check eligibilityConfirm you meet every criterion listed above before you start.

2Prepare the project packageProject description, budget with quotes, team, and recent financial statements.

3Apply on integratedmarkets.smapply.ioGovgrant members can draft the application with AI and export a formatted PDF.

4Respond to reviewer questionsMost programs come back with one round of questions within a few weeks of submission.

Additional information

Priority consideration given to companies who completed additional ecosystem programming and applications aligned with Look West Provincial Economic Strategy priorities (trade/logistics, maritime, AI/quantum, aerospace, life sciences, construction innovation, agriculture)$1,000,000 made available for this intakePrevious intake received over 800 applicationsPost-project report due by March 19, 2027; results reporting on first-year traction follow-up due March 20, 2028Ineligible costs include salaries, travel, marketing, advertising, product development, and manufacturing

At a glanceMaximum$30KProviderInnovate BCDeadlineNov 27, 2026StatusComing soonRegionBritish ColumbiaOfficial sourceintegratedmarkets.smapply.io ↗

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