Natural Sciences and Engineering Research Council of Canada
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The Industrial Postgraduate Scholarships (IPS) help companies collaborate with highly qualified science and engineering students at the master's and doctoral levels. Students undertake relevant research at the company's research facility.

Summary
Who manages funds? The university receives the payments from the company and NSERC, and disburses them to the student.
Typical application success rate Approximately 90%
Duration of award Up to 24 months at the master's level, and up to 36 months at the doctoral level
Type of partners required  Eligibility determined on a case-by-case basis; see This link will take you to another Web site Company eligibility requirements for IPS
Typical grant range $15,000 per year from NSERC for full-time awards (half of that amount for part-time)
Minimum company contribution A minimum of $6,000 per year from the company (half of that amount for part-time). Must agree that 20% of the student's time will be spent at the facilities (50 days in a year)
Intellectual property ownership According to the agreement between the university, company, student and supervisor (respecting NSERC's IP principles)
Who submits the application? The university submits the student's application and transcripts, and the agreement signed by all parties.
Application deadline No deadline
Evaluation method Internal evaluation by NSERC
Evaluation time Approximately two months
Status of the award holder The award holders are not employees of the company, but they must abide by workplace and confidentiality rules
Can an employee receive support for his/her studies through this scholarship? An employee who works full-time may register for part-time graduate studies and hold a part-time award; employees on leave may hold a full-time award.
Reporting Annually

For more detailed information, please refer to the This link will take you to another Web site Industrial Postgraduate Scholarships description.