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Not only the power to inspire, but to excel

Programs for Academia

Industrial Research and Innovation Fund


The Industrial Research and Innovation Fund (IRIF) focuses on building research and development capacity in Newfoundland and Labrador’s post-secondary institutions and other not-for-profit research facilities. IRIF is designed to develop, attract and retain highly qualified researchers and to act as a catalyst in promoting collaborativeR&D among academia and industry.

Priority areas for funding include: energy, ocean technology, health and life sciences, marine science, advanced manufacturing, ICT, aerospace and defense, and value-added natural resource industries (aquaculture, mineral processing and others).

Objectives of IRIF:

  • leverageR&D investments from regional, national and international funding sources
  • support R&D investments in “clusters of industrial excellence” that offer significant long-term economic development potential
  • strengthen research excellence in the province’s higher education and research facilities
  • attract and retain highly qualified researchers in priority areas
  • promote collaborativeR&D among academia and industry at the local, national and international level

IRIF Elements


LeverageR&D

Leverages incremental R&D investments from regional, national, and international sources by matching financial contributions from all public or private sources


IgniteR&D

Funds new researchers and expands R&D, innovation, and commercialization capacity in areas relevant to both industry and the provincial economy


CollaborativeR&D

Fosters collaboration among industry and academia in priority areas, and builds local, national, and international R&D collaboration initiatives