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Strategic Innovation Fund (SIF) | Innovation, Science and Economic Development Canada (ISED)

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The minimum SIF contribution amount is $10 million for a project with at least $20 million in total eligible supported costs.

Description

The Strategic Innovation Fund (SIF) provides major investments in innovative projects that will help grow Canada’s economy for the well-being of all Canadians. The minimum SIF contribution amount is $10 million for a project with at least $20 million in total eligible supported costs. The amount you request from SIF should be based on your project needs.

Eligible Applicants

SIF provides funding for 2 categories of projects, each with their own set of requirements:

  • Business Innovation and Growth projects – Business Innovation and Growth projects led by individual companies seeking funding to support their business. Your company must be one of the following:
    • a for-profit business or cooperative incorporated in Canada
    • a partnership proposing to carry out business in Canada
  • Collaborations and Networks projects – Collaborations and Networks projects led by companies or non-profit organizations seeking funding to support their innovation network. Your organization must be one of the following:
    • a not-for-profit organization incorporated in Canada
    • a for-profit corporation incorporated in Canada

Eligible Expenses

Project costs that are supported by SIF include:

  • direct labour costs
  • direct materials and equipment costs
  • other direct costs
  • overhead costs (program limits apply)
  • subcontracts and consultants costs
  • land and building costs, which must:
    • be necessary and reasonable in order to be able to carry out project activities and
    • benefit all network members (for Collaborations and Networks projects)

In addition to the above, the following costs are eligible for SIF support in the Collaborations and Networks category:

  • expenditures related to network operations and activities
  • costs related to network operations, including: travel, salaries, overhead, office equipment, professional services, other operational costs, as appropriate

Deadline Date

Ongoing.

Contact

Contact Name: Innovation, Science and Economic Development Canada

Phone Number: 1-800-328-6189

Website: https://ised-isde.canada.ca/site/strategic-innovation-fund/en

Industry:

Non-Profit, Software/Technology

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, USA, Yukon

Tags:

Entrepreneurship, Innovation, R&D

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Canada

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