INO’s revenue streams

INO is a private, nonprofit organization with two revenue streams:

  • Approximately 50% of revenues come directly from client contracts.
  • Approximately 50% of revenues come from Quebec and Canadian government investments in technological development.

How are public funds used?

INO invests the government funds it receives in developing technologies and solutions for industry.

This allows INO to:

  • Develop value-creating technological solutions to address challenges facing industry in Quebec and across Canada
  • Use these technologies to execute development contracts for its clients so they can reduce risks and accelerate their innovation projects
  • Act as an industrial innovation center able to bridge the gap between academic research and industry

From idea to commercialization

INO leverages photonics to create new technologies and industrial opportunities. It performs three essential functions in the innovation chain:

  • Creating value
  • Making value accessible, i.e., compatible for commercial operation by industry players
  • Transferring value to clients so they can leverage it on their own

When the time is right, INO’s goal is to transfer its existing technologies to interested parties, giving priority to Canadian companies. Whether it arises from internal research or collaborative efforts, intellectual property can be shared based on each party’s contribution, their expertise, and the market they serve, with a view to maximizing the benefits for Canada.

See the economic benefits INO has generated over the past 30 years.


In fiscal 2019–2020, INO received $24.7 million from the provincial and federal governments for its internal research program.

Every year, the combined investment by both levels of government translates into a[1]:

  • $30 increase in Quebec’s GDP for every dollar invested in INO by the Government of Quebec
  • $45 increase in Canada’s GDP for every dollar invested in INO by the Government of Canada

See what our clients have to say about us.

[1] Bourret, D., S. Poitras and V. Abecia, “Études de retombées économiques 2020,” AECOM Consultants, November 2020.