More topics

Strategic Innovation Fund

Last updated on November 6, 2024

Description

The Strategic Innovation Fund (SIF) supports large-scale, transformative and collaborative projects that help position Canada to prosper in the global knowledge-based economy. SIF projects promote the long-term competitiveness of Canadian industries, clean growth, and the advancement of Canada's strategic technological advantage.

As part of the Innovation and Skills Plan, the Strategic Innovation Fund plays a key role in the continuum of innovation funding, providing support for projects through simplified application processes, accelerated processing, and assistance that is more responsive and focused on results.

Program objectives

The Strategic Innovation Fund covers all sectors of the economy and is available to for-profit and not-for profit organizations with the goal of supporting the Canadian innovation ecosystem.

The program has two broad components:

  • Business Innovation and Growth (Streams 1 to 3)
    • Encourage research & development (R&D) that accelerate technology transfer and commercialization of innovative products, processes and services,
    • Facilitate the growth and expansion of firms in Canada, and
    • Attract and retain large-scale investments to Canada.
  • Collaborations and Networks (Streams 4 & 5)
    • Advance industrial research, development and technology demonstration through collaboration between the private sector, researchers and non-profit organizations, and
    • Support large-scale, national innovation ecosystems through high impact collaborations across Canada.
Learn More

Innovation, Science and Economic Development Canada (ISED) works with all Canadians to improve conditions for investment, enhance Canada's innovation performance, increase Canada's share of global trade, and build a fair, efficient and competitive marketplace.