The Strategic Innovation Fund offers Canadian industrial and technology-based businesses with financial support to fuel company expansion and R&D of products, processes, and services. Specifically, it accelerates technology transfer and commercialization of innovative products, processes and services; facilitates the growth and expansion of firms in Canada; attracts and retains large-scale investments to Canada; and advances industrial R&D through collaboration between academia, non-profits and the private sector.

  • Amount: Up to 50% of eligible project costs with a minimum funding request of $10 million. Type of financial support awarded is at the discretion of the program; this can consist of a combination of repayable financial support and/or financial reimbursements.
  • Timeline: Open. Streams 1-3 on continuous intake and stream 4 on annual intake dates; next deadline is August 31, 2018. Successfully funded projects may take up to five years to complete.
  • Eligibility: Incorporated Canadian businesses with high growth potential and the ability to drive innovation. Projects should incur eligible expenses of at least $20 million.

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Posted: July 7, 2017 by Jeff Shepherd. Updated: July 13, 2018 by Jeff Shepherd.