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Strategic Innovation Funding



A simpler, more flexible tool to grow Canada's economy


Making sure that Canada is a top destination for businesses to invest, grow and create jobs and prosperity for Canadians is one of the Government's top priorities. The Strategic Innovation Fund's (SIF) objective is to spur innovation for a better Canada by providing funding for large projects (over $10 million in requested contribution).


The program serves to simplify application processes, accelerate processing, and provide assistance that is more responsive and focused on results.


Funding streams

The application process for all streams includes submission of a Statement of Interest (SOI) with a high-level overview of the proposed project. Based on the SOI, applicants will be advised whether they should proceed with a full application.

  • 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

  • Stream 4: Collaborative technology development and demonstration

  • Stream 5: National Ecosystems


Streams 1, 2 and 3


Applications for the Streams 1, 2, and 3 are accepted on a continuing basis. There are no submission deadlines. The application process consists of two steps:

  • Statement of Interest: Applicants will be required to submit a high-level overview of their project. Applicants will be provided feedback on whether the Statement of Interest indicates potential for program funding and if advancing to Step 2 is advisable.

  • Full Application: Applicants develop and submit a detailed Application Form. The information provided will be used to complete a due diligence and benefits assessment.


Eligibility

The Applicant must 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. As announced in the 2018 federal budget, the SIF will now focus its support on projects requesting at least $10 million in contributions.


LEARN MORE AND APPLY


Stream 4: Collaborative technology development and demonstration (CURRENTLY CLOSED)


Stream 4's objective is to advance industrial research, development and technology demonstration through collaboration between the private sector, researchers and non-profit organizations.


Eligibility

Applicants are a consortium that may include Canadian universities, colleges, research institutes, for-profit corporations (including SMEs) and/or not-for-profit entities. A consortium must consist of two or more members. The projects need to have a Lead Applicant, which must be incorporated pursuant to the laws of Canada, carry on business in Canada and propose to conduct industrial research and technology demonstration activities.


The Lead Applicant will be responsible to submit a project application and manage the project.


Networks can also apply under Stream 4.


Learn more here!


Stream 5: National Ecosystems


This stream is focused on supporting national ecosystems. It will support large-scale initiatives that create high-impact collaborations to support Canadian innovation ecosystems.


How to Apply

Applications for the Stream 5 are accepted on a continuing basis. There are no submission deadlines. The application process consists of two steps:

  • Statement of Interest: Applicants will be required to submit a high-level overview of their project. Applicants will be provided feedback on whether the Statement of Interest indicates potential for program funding and if advancing to Step 2 is advisable.

  • Full Application: Applicants develop and submit a detailed Application Form. The information provided will be used to complete a due diligence and benefits assessment.


Eligibility

The Lead Applicant is either a not-for-profit organization incorporated in Canada or a for-profit corporation incorporated in Canada, in collaboration with Canadian universities, colleges, research institutes, for-profit corporations (including SMEs) and/or not-for-profit entities.


The Lead Applicant will be responsible for submitting an application to SIF on behalf of the ecosystem, managing the Ecosystem's projects, submitting claims, receiving the Government contribution, and reporting on results.


LEARN MORE AND APPLY!


Click the link below to stay up to date with the latest funding incentives and programs:

https://lp.constantcontact.com/su/Y9ARp7T

SCOR EDC Business Portal

4 Elm St., Tillsonburg, ON N4G 0B4

do@scorregion.com

519-842-6333

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