Submissions open for Strategic Innovation Fund (Canada)

The Strategic Innovation Fund priorities are Research, Development, and Commercialization, Business Growth and Expansion, Investment Attraction and Retention, Collaborative Technology Development and Demonstration, and National Ecosystems.

This program provides funding support for Canadian businesses and certain non-profit organizations depending on the stream of application. Eligible projects must demonstrate strong growth potential, innovation capacity, and significant economic impact. Minimum project budgets of $20 million are required, with the program offering contributions of at least $10 million per approved initiative. These projects can range from early-stage technology research to large-scale investments and commercialization activities.

For individual applicants, Streams 1 to 3 are open to incorporated businesses in Canada, while Streams 4 and 5 focus on consortiums, partnerships, and nationwide innovation networks led by Canadian businesses or non-profits. Startups and non-incorporated businesses are not eligible to apply.

Eligible projects may include technology research, commercialization, process improvements, expansion of facilities, investment attraction, collaborative research with academic institutions and non-profits, and ecosystem-building activities. Costs covered under the program include direct labour, equipment, materials, land, buildings, subcontractors, consultants, and certain overhead expenses.

Applications for Streams 1, 2, 3, and 5 are accepted on a continuous basis with a two-stage application process, while Stream 4 operates through competitive calls for proposals. Given the highly competitive nature of the program, applicants are encouraged to clearly demonstrate innovation, competitiveness, and economic benefits in their proposals.

For more information, visit Ryan.