By the numbers: Saving Canada’s startups and SMEs from the economic impacts of COVID-19

On April 17, the federal government announced a $1.2-billion rescue package for Canadian startups and SMEs. $250 million will be delivered through the National Research Council’s Industrial Research Assistance Program (IRAP); $675 million will go to SMEs that can’t access other COVID-19 business support programs, by way of the Regional Development Agencies; Community Futures Network of Canada will receive $287 million to help rural businesses and communities; and Futurpreneur Canada will receive $20.1 million to continue helping young entrepreneurs. 

The funding comes as Canada’s startup ecosystem faces devastating consequences from the pandemic closures and the resulting recession. We've collected key figures from recent surveys in Canada and around the world to help you put the federal government's rescue plan in context. 

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