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AccelerateIP Program Accepting Applications Now

The AccelerateIP program is now accepting applications. As part of the soft launch of the program, applications for the funding will be accepted from now until October 15, 2023 for Stream 1 of the program, and October 31, 2023 for Streams 2 and 3 of the program. The program provider expects to re-commence accepting applications in January 2024.

Any startup with fewer than 500 full-time employees that is based in B.C., Yukon, Northwest Territories or Nunavut with an innovative technology may be eligible for the funding.

This program offers the following three streams:

Stream 1 – IP Education: Knowledge enhancement opportunities offered through seminars, webinars, and group programs. This initiative aims to deepen understanding of IP matters and equip businesses with the tools to create effective IP strategic plans.

Stream 2 – Strategic IP Guidance: Eligible companies may qualify for funding of up to $25,000 to facilitate IP strategy development with the assistance of IP legal experts. This funding can be used for activities such as analysis of IP landscaping, prior art searches, patentability analysis, and freedom to operate or infringement searches.

Stream 3 – IP Implementation: Businesses that have successfully navigated the strategic guidance phase can apply for funding of up to $60,000 to execute their IP strategies. This funding can be used for activities such as IP registration, which includes fees applied against drafting and prosecuting patent, trademark and industrial design applications.

It is not required to complete the streams in the order presented. The program provider will assess your company’s knowledge of IP, and approve the stream of funding as it considers appropriate. The application process will include a number of IP assessment questions for the program provider to evaluate your company’s knowledge of IP.

We invite you to reach out to us should you have any questions relating to the AccelerateIP program, or require assistance with the application process. Further details about the program can be found here.

Information made available on this website in any form is for information purposes only. It is not, and should not be taken as legal advice. You should not rely on, or take or fail to take any action, based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Oyen Wiggs Green & Mutala LLP professionals will be pleased to discuss resolutions to specific legal concerns you may have.