Funding Resources

Considering hiring a co-op student for your organization? You may be eligible for one of the following funding resources.

BC Arts Council: Special Project Assistance – Co-op

Organizations assisted by the BC Arts Council or incorporated non-profit arts and cultural organizations assisted through the programs of the BC Arts Council’s Share Cost Arrangement partners who demonstrate the need for financial assistance can apply for funding through the Council.

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BC Tech Co-op Grants Program

The BC Tech Co-op Grants Program is designed for small tech businesses. It encourages student training and job readiness through work terms with small technology firms. The funding is allocated to subsidize a student’s wage whilst on a work term, and to invest into BC’s burgeoning tech industry.

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Canadian Heritage Young Canada Works (YCW) Program

Young Canada Works (YCW) subsidizes up to 2,780 job opportunities. These wage subsidies are dedicated to offering summer jobs and internships to Canadian students and graduates, allowing them to gain valuable experience while putting their skills to the test. From an employer’s perspective, fresh ideas and competitive skills are made available. Young Canada Works (YCW) sponsors three summer job programs for students:

  • YCW in Heritage Organizations
  • YCW in Both Official Languages
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Industrial Research Assistance Program Technology (IRAP)

NRC-IRAP provides non-repayable contributions to Canadian SMEs interested in growing by using technology to commercialize services, products and processes in Canadian and international markets.

To learn more about IRAP funding available for Canadian SMEs, call NRC-IRAP (1-877-994-4727) to find a regional office near you or visit the IRAP homepage. An IRAP Industrial Technology Advisor will consult with you and assess whether your enterprise is eligible.

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This is a national internship program for graduate students enrolled at a Canadian university. For each four-month co-op term, your organization contributes $7500 which is matched by MITACS. The student spends about half the term on site at your workplace, working on the research issue in question and collecting data. For the balance of the time, the student will work at their university, further advancing the research under the guidance of a faculty supervisor. Applications are accepted year round.

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Natural Sciences and Engineering Research Council (NSERC) Experience Award

Maximum funding available is $4,500/student for four months to support the hiring of an undergraduate researcher. NSERC will support up to 15 students per eligible company, per fiscal year (April 1 to March 31). Applications are to be submitted a minimum of four weeks prior to the student’s scheduled start date.

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Pacific Institute for Climate Solutions (PICS)

PICS Internships provide support for the hiring of university students to work on topics that align with one of our five research themes. Internships serve to enhance the students’ knowledge and expertise in the area of climate change, as well as to integrate that knowledge into practice. $10,000 in internship funding per four-month placement is available to provincial and local governments and BC-based NGOs. In addition, PICS will match private sector and crown corporation contributions to a maximum of $6,000 for four-month internship placements in areas of interest to PICS.

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Service Canada – Summer Jobs program

Canada Summer Jobs provides funding to help small businesses, public sector employers, and non-profit organizations to hire students during the summer term. Funding available to approved employers: up to 50 per cent of minimum wage for private companies and public sector employers, and up to 100 per cent of the minimum wage for non-profit organizations. Application period is in late January-early February of each year; employers are notified of the outcome of their application in May.

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Scientific Research & Experimental Development Tax Credit

Provides a 10 per cent tax credit to qualifying corporations–claimed when filing the T2 Corporation Income Tax Return.

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ECO Canada’s Wage Subsidy Program

ECO Canada’s new Co-op Program provides 50% of wage funding for employers who hire environmental students. As part of Canada’s Work-Integrated Learning strategy, we are matching students with employers in the environmental sector to help them on the path to a bright career.

  • Funding for up to 16-weeks of paid student work-terms.
  • Students gain valuable on-the-job experience.
  • Employers increase their resource ability and talent pool.
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