Investing In Canadian Intellectual Property – The Federal Commitment

On April 19^th, 2021, the Canadian Federal government tabled its first budget since the last federal election. The 2021 Liberal budget provides for substantial investments in the Canadian innovation sector, including significant commitments towards intellectual property initiatives.

The 2021 budget proposes $90 million, over two years, to create ElevateIP, "a program to help accelerators and incubators provide start-ups with access to expert intellectual property services." Additionally, $75 million over three years has been pledged for the National Research Council's Industrial Research Assistance Program, "to provide high-growth client firms with access to expert intellectual property services."