Strategic Innovation Fund

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

63
Announced projects

$2B
in SIF contributions

$43B
Total investment leveraged

66K+
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?

Stream 1
R&D and commercialization

  • Canadian for-profit corporations
  • Apply anytime
  • Technology readiness level 1-9

Stream 2
Firm expansion and growth

  • Canadian for-profit corporations
  • Apply anytime
  • Technology readiness level 8-9

Stream 3
Investment attraction and reinvestment

  • Canadian for-profit corporations
  • Apply anytime
  • Technology readiness level 2-9

Stream 4
Collaborative technology development and demonstration

  • Consortiums and networks
  • Ad hoc calls for applications
  • Technology readiness level 1-7

Stream 5
National ecosystems


  • Non/for-profit led collaborations
  • Apply anytime
  • Technology readiness level 1-9

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