Strategic innovation funding

From: Innovation, Science and Economic Development Canada

Support to Canada's Steel and Aluminum Sectors

As announced on June 29, 2018, and in response to additional tariffs imposed by the United States, the Government of Canada will offer up to $250 million in new support through the Strategic Innovation Fund to help bolster the competitiveness of Canadian manufacturers and better integrate the Canadian supply chain of steel and aluminum. Find out more about this announcement here: Canada stands up for our steel and aluminum workers and industry

Changes to the Strategic Innovation Fund

As announced in late February 2018, in the federal budget, the Strategic Innovation Fund will now focus its support on larger projects (over $10 million in requested contribution). If you submitted an application for a smaller project prior to Budget 2018, your application remains valid and will be assessed. Also, be advised that a new Statement of Interest (SOI) form is currently available and should now be used to submit your application.

How to apply

The launch on July 5, 2017, signalled the beginning of a two-step application process for Streams 1 to 3 of the Strategic Innovation Fund. Firms can apply under four distinct Streams with different objectives. Firms of all sizes across all of Canada's industrial and technology sectors are invited to apply. Applications for the Streams 1 to 3 are accepted on a continuing basis. There are no submission deadlines.

The application process consists of two steps:

  1. 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.

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


Streams 1, 2 and 3

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.

Stream 4

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.

Each Stream of the program has its own Assessment criteria as to what is an eligible project. For more details on each Stream Assessment criteria consult the Program Guide.

Start the application process (Application Toolkit)

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