Strategic Innovation Fund

From: Innovation, Science and Economic Development Canada

Resources for Canadian businesses

Managing your business during COVID-19

From: Innovation, Science and Economic Development Canada

A simpler, more flexible tool to grow Canada's economy

Making sure that Canada is a top destination for businesses to invest, grow and create jobs and prosperity for Canadians is one of the Government's top priorities. The Strategic Innovation Fund's (SIF) objective is to spur innovation for a better Canada by providing funding for large projects (over $10 million in requested contribution).

The program serves to simplify application processes, accelerate processing, and provide assistance that is more responsive and focused on results. Read more about the program, its objectives and how it benefits Canada.

Investment snapshot

67
Announced projects

$2.3B
in SIF contributions

$44.1B
Total investment leveraged

67K
Jobs created and maintained

(not including indirect, induced, and construction jobs)

Overview of Announced Projects

Funding streams

The application process for all streams includes submission of a Statement of Interest (SOI) with a high-level overview of the proposed project. Based on the SOI, applicants will be advised whether they should proceed with a full application.

Is SIF the best federal program to support my business?

Business Innovation and Growth
(Stream 1–3)

Funding helps support R&D and commercialization, the growth and expansion of firms and the attraction and retention of large scale investments in Canada.

Collaborations and Networks
(Stream 4 & 5)

Funding helps support industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

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