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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.

Investment snapshot

96
Announced projects

$4.9B
in SIF contributions

$52.1B
Total investment leveraged

81K
Jobs created and maintained

(not including indirect, induced, and construction jobs)

Get more information: Breakdown of announced projects

About the program

Learn more about the program, its objectives and how it benefits Canada.

Net Zero Accelerator

An $8 billion initiative in support of projects that will enable Canada to reduce its domestic greenhouse gas emissions.

Funded projects

Newest projects

Announced projects

A list of all projects by recipient with a description of the SIF contribution.

COVID-19 related vaccines, therapies and biomanufacturing projects

An overview of the Medical Countermeasures (MCM) initiative.

How to apply: 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. With this process, the program serves to support applicants with assistance that is more responsive and focused on results.

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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