Get a contribution of up to 50% of eligible expenses for projects that support, attract and retain new investment in industrial or technological facilities in Canada.
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.
Eligibility:
Eligibility requirements differ between the two broad program components:
- Business Innovation and Growth (Streams 1 to 3)
Applications are accepted on a continuous basis. To be considered, applicants must:
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- Be a for-profit corporation – small, medium or large-sized – incorporated pursuant to the laws of Canada and proposing to carry on business in Canada,
- Request a minimum SIF contribution of $10 million for a proposal with total costs of at least $20 million,
- Undertake a project in Canada,
- Provide audited financial statements (or equivalent) for the past 3 years, and
- Be willing to make long-term commitments to Canada (e.g. job creation and maintenance, R&D investments, and other public benefits).