Strategic Innovation Fund
What is new at the Strategic Innovation Fund
The Fall Economic Statement proposes to provide an additional $800 million over five years to the Strategic Innovation Fund to support innovation across all economic sectors in Canada. Of this amount, $100 million will focus on providing support to the forest sector. Please review the Frequently Asked Questions and visit the Innovation Canada portal before applying.
SIF's Stream 4 Health and Biosciences competition has closed and 9 applicants have been invited to the second stage of the process. Subsequent competitions will be held and will include other sectors.
SIF's Stream 4 competition for national initiatives for automation and digital technologies in the agriculture and agri-food sector is now open and closes on March 1, 2019. Note that the declarations of intent to apply (where consent to publish was provided) are now posted. For more information and how to apply for funding, click here:
A simpler, more flexible tool to grow Canada's economy
The Strategic Innovation Fund's objective is to spur innovation for a better Canada. Specifically, it serves to simplify application processes, accelerate processing, and provide assistance that is more responsive and focused on results.
The program has four Streams, each with its own precise objective:
- Stream 1: Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;
- Stream 2: Facilitate the growth and expansion of firms in Canada;
- Stream 3: Attract and retain large scale investments to Canada; and
- Stream 4: Advance industrial research, development and technology demonstration through collaboration between the private sector, researchers and non-profit organizations.
In July 2018, the Government of Canada made available up to $250 million in new support through SIF. The objective of the Program is to enable steel and aluminum producers to enhance their production capabilities to better meet the product demand from end-users within Canada.
Why this program is important
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 program is part of the Innovation and Skills Plan—our way to create jobs and strengthen the middle class by helping Canada's highly skilled workforce develop the skills they need to evolve and keep up with the demands of a changing workplace.
The Strategic Innovation Fund will attract and support new high-quality business investments. In allocating this funding, we will look to accelerate areas of economic strength, strengthen and expand the role of Canadian firms in regional and global supply chains, support economic strategies, and attract investment that creates new, good, well-paying jobs.
Telephone (toll-free in Canada): 1-800-328-6189
Telephone (Ottawa): 613-954-5031
TTY (for hearing-impaired): 1-866-694-8389
Business hours: 8:30 a.m. to 5:00 p.m. (Eastern Time)
By mail: Strategic Innovation Fund (SIF)
C.D. Howe Building
235 Queen Street, 1st floor, West Tower
Ottawa, ON K1A 0H5
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