05/07/2021
Strategic Innovation Fund (SIF)
Canadian government funding program that provides support for technology development and productivity-boosting projects. It promotes large-scale investments in Canada, while also encouraging technology transfer and development/commercialization of disruptive products and services.
* Amount: Reduces eligible project costs by up to 50% with government grants.
* Eligibility: SIF Business Eligibility for Streams 1-3: Small, medium, and large businesses incorporated pursuant to the laws of Canada, who propose to do business in Canada and execute their project within the country. SIF Organization Eligibility for Stream 4: Consortiums including Canadian post-secondary institutions, research institutes, for-profit businesses, and non-profit organizations. SIF Organization Eligibility for Stream 5: Lead applicant must be a Canadian business or non-profit. Lead applicants must develop an innovation network with businesses, non-profits, industry associations, and/or academia.
A simpler, more flexible tool to grow Canada's economy. The Strategic Innovation Fund will allocate repayable and non-repayable contributions to aerospace and automotive firms as well as to other high-growth sectors, such as clean technology, information and communications technology, and agri-food....