Funding Opportunities

There are numerous opportunities for employers to receive funding to hire Co-op students.

As part of the implementation of this Strategy, NSERC has established a new initiative called Engage, which provides start-up funding for academic researchers to establish new partnerships with companies to help them address specific, short-term R&D challenges. The research funding available is up to $25,000 for a period of six months. This program does not require a cash contribution from the company.  The funds can be used by faculty to hire students to work on new collaborative R&D activities.

The new NSERC Strategy for Partnerships and Innovation also places a high priority on enhancing the utilization of our industrial scholarships and fellowships, such as the Industrial Undergraduate Student Research Awards (I-USRA), the Industrial Postgraduate Scholarships (IPS) and Industrial R&D Fellowships (IRDF).  The NSERC I-USRA program, in particular, is a funding program that is well-aligned with science and engineering student co-op opportunities, so we would encourage you to contact our office if you would like to know more about this program.

Employers pay students a minimum of $15.00 per hour plus 4% vacation pay. CO-OP will reimburse $7.50 per hour to a maximum of 40 hours per week. Employers participating in IRAP and SR&ED are eligible for an “R&D Incentive” and may receive up to $10.00 per hour.

NSERC’s Experience Awards (previously Industrial Undergraduate Student Research Awards [IUSRA]) offer companies access to talented natural sciences and engineering undergraduate students for a work term. This cost-shared program allows students to address company-specific R&D challenges while gaining valuable industrial experience. Experience Awards also let companies identify potential future full-time employees.

Canada Business Wage Subsidy Directory

  •  Lists provincial and national wage subsidies.