ValueUp to $2 billion
The Post-Secondary Institutions Strategic Investment Fund provides up to $2 billion for infrastructure projects at post-secondary institutions to enhance and modernize research and commercialization facilities, as well as industry-relevant training facilities at colleges and polytechnic institutions in Canada.
The fund supports projects that are expected to be substantially completed by November 30, 2018, and correspond to at least one of the following three categories:
- improve the scale or quality of facilities for research and innovation, including commercialization spaces;
- improve the scale or quality of facilities for specialized training at colleges focused on industry needs; or
- improve the environmental sustainability of research and innovation-related infrastructure at post-secondary institutions and, college training infrastructure.
Eligible institutions under the Post-Secondary Institutions Strategic Investment Fund include accredited universities, colleges, publicly funded polytechnic schools, institutes of technology, and CEGEPs, as well as institutions that are affiliated or federated with an eligible institution, such as research and teaching hospitals, research parks, incubators, and accelerators.
The Post-Secondary Institutions Strategic Investment Fund defined eligible recipients as institutions that were directly or indirectly authorized by agreement, under the terms of provincial or territorial statutes, to deliver post-secondary courses or programs that lead to recognized and transferable post-secondary credentials. This encompasses both public and not-for-profit private institutions, including Aboriginal-controlled (institutions created by Aboriginal organizations, band councils or Aboriginal governments) and Government of Canada-controlled post-secondary education institutions.
The total contribution from federal sources covers up to half (50%) of a project’s eligible costs, leveraging the remaining amount from non-federal partners, such as: federal and territorial governments, the institutions themselves, and private donors. In cases where the Post-Secondary Institutions Strategic Investment Fund is supporting eligible projects at institutions accredited by an Aboriginal government, the total funding limit from federal sources will be up to one hundred percent (100%).