The Government of Canada has announced the launch of its Strategic Innovation Funding program which will distribute $1.26 billion over the next five years to support growth and investment into Canadian firms in tech and industrial sectors. There are four streams available that provide repayable and non-repayable contributions:
- Stream 1: Encourage research and development (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 academia, non-profit organizations and the private sector.
The program is available to firms of all sizes across all of Canada’s industrial and technology sectors. The program is managed by Innovation, Science and Economic Development Canada (ISED).
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