What is required of a firm to be eligible for IRAP funding?
A) It assists them in marketing their products within Canada.
B) It assists them in financing commercial start-ups in less-developed areas of Canada.
C) It assists them in marketing their products abroad through financial assistance to visit foreign markets or attend international trade shows.
D) It assists them by providing insurance for Canadian exporters.

Question

Quizplus · Accepted Answer

To be eligible for IRAP funding, a firm must be engaged in research and development activities and require financial assistance to market their products internationally. IRAP provides financial support to firms for attending international trade shows or for visiting foreign markets to help them expand their business internationally. Option A, B, and D do not specify the eligibility criteria for IRAP funding.

What Is Required of a Firm to Be Eligible for IRAP