The India-Canada Collaborative Industrial R&D Programme is a Request for Proposal (RFP) for joint projects between Indian and Canadian companies, research and development (R&D) organizations, and academic institutions. The program aims to support innovative, market-oriented R&D projects that lead to new products, processes, or services. It provides a non-dilutive grant of up to ₹1.5 crore or 50% of the Indian project cost (whichever is lower) for a maximum period of 24 months. The funding is a non-dilutive grant, with support provided to Indian industry on a reimbursement basis and to R&D and Academic institutions on a reimbursement/advance basis.