With the right approach, intellectual property becomes an invaluable tool for startups to boost innovation and R&D. To maximize your growth potential, Canadian businesses can leverage a range of government programs, helping to secure and protect IP through effective integration into your business plan.
To expand our support for startups, PCK is partnering with local innovation hub Communitech on a federally funded IP program called ElevateIP, launching on November 23, 2023.
According to Communitech, companies that invest in intellectual property are 64% more likely to be high growth! But most Canadians have a significant knowledge gap when it comes to IP.
ElevateIP is a national program of Innovation, Science and Economic Development Canada—designed to help Canadian startups understand, manage, and leverage their intellectual property. Communitech, along with its partners North Forge and Invest Ottawa, delivers ElevateIP services and support to startups in Ontario, Manitoba, and Saskatchewan.
Current Eligibility Criteria for Startups:
- Headquartered in Ontario, Manitoba or Saskatchewan.
- Canadian-Controlled Private Corporation (CCPC).
- Less than 500 employees.
- IP protections to be acquired must be owned by the startup (not an individual).
Through targeted federal initiatives, you can take a proactive approach to intellectual property. ElevateIP is perfectly positioned to provide Canadian innovators with the tools they need to successfully manage IP, subsidizing key resources such as coaching and mentorship.
Contact PCK today to learn how you can access the ElevateIP program. Our experts will show you how to navigate the complex landscape of intellectual property, while creating a robust IP strategy for your startup—including funding considerations, commercialization pathways, and more.
PCK IP is one of North America’s leading full-service intellectual property firms with offices in Canada and the United States. The firm represents large multinational companies, scaling mid-size companies, and funded innovative start-up entities. PCK IP professionals include seasoned patent and trademark agents, engineers, scientists, biochemists and IP lawyers having experience across a broad range of industries and technologies. Contact us today.
The contents of this article are provided for general information purposes only and do not constitute legal or other professional advice of any kind.