# National Research Council of Canada Industrial Research Assistance Program: portfolio, investments and team

> National Research Council of Canada Industrial Research Assistance Program is a vc firm based in Canada.

Source: https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# National Research Council of Canada Industrial Research Assistance Program

Last cheque observed Jul 2026; 80 cheques on record.

Deploying now VC firm

Grant Venture Seed E-Commerce FinTech

Deploying now

**74%** of best year **20** **cheques in 12 months**, 80 on record

Since the last cheque **117** days **00** hrs **00** min **00** sec

Median round **$444K** Rounds led **0 of 80** Sole investor **26 rounds** Mostly in **Canada, 95%**

Pitch National Research Council of Canada Industrial Research Assistance Program

## National Research Council of Canada Industrial Research Assistance Program highlights

- 01 20 cheques in the last 12 months
- 02 Mostly Grant and Venture: 74% of its rounds
- 03 Sole investor in 26 rounds, median $414K

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** E-Commerce FinTech
- **Based in:** Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **80 appearances**

- **2026** 17 rounds
- **Jul** **[Resiliocs Intelligence](https://millionrounds.com/company/resiliocs-intelligence)** Grant · CA **$53K** With 3 others
- **Jun** **[NORAM Electrolysis Systems Inc](https://millionrounds.com/company/noram-electrolysis-systems-inc)** Grant · CA **$4.0M** Sole investor
- **Jun** **[ME Therapeutics](https://millionrounds.com/company/me-therapeutics)** CA **$361K** Sole investor
- **May** **[Redwood AI](https://millionrounds.com/company/redwood-ai)** Grant · CA **$176K** Sole investor
- **May** **[Loop Industries](https://millionrounds.com/company/loop-industries)** Grant · CA **$2.1M** Sole investor
- **Apr** **[Hydron Energy](https://millionrounds.com/company/hydron-energy)** Venture · CA **Undisclosed** With 1 other
- **Apr** **[Marvel Biosciences](https://millionrounds.com/company/marvel-biosciences)** Debt · CA **$361K** With 2 others
- **Apr** **[Plurilock](https://millionrounds.com/company/plurilock)** Venture · CA **Undisclosed** With 1 other
- **Apr** **[Ideon Technologies](https://millionrounds.com/company/ideon-technologies)** Grant · CA **$1.7M** With 3 others
- **Mar** **[Bayes Studio](https://millionrounds.com/company/bayes-studio)** Grant · CA **$74K** With 1 other
- **Mar** **[Arch Biopartners](https://millionrounds.com/company/arch-biopartners)** CA **$432K** Sole investor
- **Mar** **[Volatus Aerospace](https://millionrounds.com/company/volatus-aerospace)** Grant · CA **$233K** With 2 others
- **Feb** **[Marvel Biosciences](https://millionrounds.com/company/marvel-biosciences)** Venture · CA **Undisclosed** Sole investor
- **Jan** **[Mediphage Bioceuticals](https://millionrounds.com/company/mediphage-bioceuticals)** Venture · CA **Undisclosed** With 4 others
- **Jan** **[FireSwarm Solutions](https://millionrounds.com/company/fireswarm-solutions)** Venture · CA **Undisclosed** With 2 others
- **Jan** **[Entos Pharmaceuticals](https://millionrounds.com/company/entos-pharmaceuticals)** Venture · CA **Undisclosed** With 1 other
- **Jan** **[Eyam Health](https://millionrounds.com/company/eyam-health)** Grant · CA **$327K** Sole investor
- **2025** 21 rounds
- **Nov** **[Telescope Innovations](https://millionrounds.com/company/telescope-innovations)** Grant · CA **$226K** With 1 other
- **Nov** **[Arch Biopartners](https://millionrounds.com/company/arch-biopartners)** CA **$356K** Sole investor
- **Nov** **[Appili Therapeutics](https://millionrounds.com/company/appili-therapeutics)** CA **$532K** With 2 others
- **Oct** **[Plurilock](https://millionrounds.com/company/plurilock)** Debt · CA **$2.1M** With 1 other
- **Oct** **[Bayes Studio](https://millionrounds.com/company/bayes-studio)** Grant · CA **$56K** With 1 other
- **Sept** **[Renaissance BioScience](https://millionrounds.com/company/renaissance-bioscience)** Grant · CA **$599K** With 1 other
- **Sept** **[Syngli](https://millionrounds.com/company/syngli)** Seed · CA **$24K** With 2 others
- **Sept** **[Qidni Labs](https://millionrounds.com/company/qidni-labs)** Venture · US **Undisclosed** With 3 others
- **Aug** **[Pilot](https://millionrounds.com/company/pilot)** Seed · US **$290K** With 2 others
- **Jun** **[BTQ](https://millionrounds.com/company/btq)** CA **$29M** Sole investor
- **Jun** **[48Hour Discovery](https://millionrounds.com/company/48hour-discovery)** Debt · CA **$837K** With 2 others
- **Jun** **[Possibility Neurotechnologies](https://millionrounds.com/company/possibility-neurotechnologies)** Grant · CA **$22K** Sole investor
- **Jun** **[Picsume](https://millionrounds.com/company/picsume)** Grant · CA **$329K** With 1 other
- **May** **[Zucara Therapeutics](https://millionrounds.com/company/zucara-therapeutics)** Series B · CA **$5.0M** With 3 others
- **May** **[ME Therapeutics](https://millionrounds.com/company/me-therapeutics)** Grant · CA **$101K** Sole investor
- **Apr** **[PrePad](https://millionrounds.com/company/prepad)** Seed · CA **$2.8M** With 3 others
- **Apr** **[Connektica](https://millionrounds.com/company/connektica)** Venture · CA **$3.5M** With 3 others
- **Apr** **[EnviCore](https://millionrounds.com/company/envicore)** Venture · CA **Undisclosed** With 3 others
- **Feb** **[MYND Life Sciences](https://millionrounds.com/company/mynd-life-sciences)** CA **$1.6M** Sole investor
- **Feb** **[BTQ](https://millionrounds.com/company/btq)** Venture · CA **Undisclosed** Sole investor
- **Jan** **[Plantaform](https://millionrounds.com/company/plantaform)** Series A · CA **$300K** Sole investor
- **2024** 11 rounds
- **Nov** **[Axine Water Technologies](https://millionrounds.com/company/axine-water-technologies)** Venture · CA **$11M** With 1 other
- **Oct** **[NOVONIX-Battery Technology Solutions](https://millionrounds.com/company/novonix-battery-technology-solutions)** Grant **$94K** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Grant Venture Seed

Median round joined **$444K** the round, not its cheque Alone, median **$414K**

Led 0 of 80 rounds **0%**

- **Sole investor:** 26 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Grant *31*
- Venture *20*
- Seed *11*
- Debt *4*
- Series A *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) 8
- [Government of Canada](https://millionrounds.com/fund/government-of-canada) 7
- [Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) 6
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 5
- [Innovate BC](https://millionrounds.com/fund/innovate-bc) 5
- [Alberta Innovates](https://millionrounds.com/fund/alberta-innovates) 4

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## Who they invest alongside

The investors most often in the same rounds as National Research Council of Canada Industrial Research Assistance Program. A count of rooms they were both in, not a relationship either has claimed.

[**Creative Destruction Lab** Accelerator **8** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Government of Canada** Government **7** rounds together](https://millionrounds.com/fund/government-of-canada)[**Atlantic Canada Opportunities Agency** VC firm **6** rounds together](https://millionrounds.com/fund/atlantic-canada-opportunities-agency)[**BDC Capital** VC firm **5** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Innovate BC** Government **5** rounds together](https://millionrounds.com/fund/innovate-bc)[**Alberta Innovates** Investment firm **4** rounds together](https://millionrounds.com/fund/alberta-innovates)[**Innovacorp** VC firm **4** rounds together](https://millionrounds.com/fund/innovacorp)[**Accelerator Centre** Accelerator **3** rounds together](https://millionrounds.com/fund/accelerator-centre)[**Export Development Canada** Government **3** rounds together](https://millionrounds.com/fund/export-development-canada)[**FedDev** VC firm **3** rounds together](https://millionrounds.com/fund/feddev)[**New Brunswick Innovation Foundation** VC firm **3** rounds together](https://millionrounds.com/fund/nbif)[**Sustainable Development Technology Canada** VC firm **3** rounds together](https://millionrounds.com/fund/sustainable-development-technology-canada)

## Recently backed

The latest companies National Research Council of Canada Industrial Research Assistance Program put money into.

[**Resiliocs Intelligence** $53K · Jul 2026](https://millionrounds.com/company/resiliocs-intelligence)[**NORAM Electrolysis Systems Inc** $4.0M · Jun 2026](https://millionrounds.com/company/noram-electrolysis-systems-inc)[**Redwood AI** $176K · May 2026](https://millionrounds.com/company/redwood-ai)[**Loop Industries** $2.1M · May 2026](https://millionrounds.com/company/loop-industries)[**Hydron Energy** Apr 2026](https://millionrounds.com/company/hydron-energy)[**Marvel Biosciences** $361K · Apr 2026](https://millionrounds.com/company/marvel-biosciences)

## Quick answers about National Research Council of Canada Industrial Research Assistance Program

### What does National Research Council of Canada Industrial Research Assistance Program invest in?

National Research Council of Canada Industrial Research Assistance Program invests most often at Grant and Venture (74% of the rounds on record), in sectors such as E-Commerce and FinTech.

### How active is National Research Council of Canada Industrial Research Assistance Program?

80 investments on record, 20 of them in the last 12 months. The most recent was in Jul 2026.

### What has National Research Council of Canada Industrial Research Assistance Program invested in recently?

Its most recent investments on record: Resiliocs Intelligence (Grant, Jul 2026), NORAM Electrolysis Systems Inc (Grant, Jun 2026) and ME Therapeutics (Undisclosed round, Jun 2026).

### How big are National Research Council of Canada Industrial Research Assistance Program's cheques?

The median round it joins is $444K.

### Does National Research Council of Canada Industrial Research Assistance Program lead rounds?

Rarely, if at all: none of its 80 investments on record names it as the lead.

### Where does National Research Council of Canada Industrial Research Assistance Program invest?

Most of the companies it backs are in Canada (95%) and the United States (5%).

### Is National Research Council of Canada Industrial Research Assistance Program investing now?

Yes: it is actively investing, with 20 investments in the last 12 months.

### Who does National Research Council of Canada Industrial Research Assistance Program invest alongside?

Most often Creative Destruction Lab (8 rounds together), Government of Canada (7 rounds together) and Atlantic Canada Opportunities Agency (6 rounds together).

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