Strategic innovation funding
Please note the following changes to 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:
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.
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.
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.
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