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

Value

at least $10 million in contributions

Description

The Strategic Innovation Fund (SIF) supports large-scale, transformative and collaborative projects that help position Canada to prosper in the global knowledge-based economy. SIF projects promote the long-term competitiveness of Canadian industries, clean growth, and the advancement of Canada’s strategic technological advantage.

The program has two broad components:

  • Business Innovation and Growth (Streams 1 to 3)
    • Encourage research & development (R&D) that accelerate technology transfer and commercialization of innovative products, processes and services; facilitate the growth and expansion of firms in Canada, and attract and retain large-scale investments to Canada.
  • Collaborations and Networks (Streams 4 & 5)
    • Advance industrial research, development and technology demonstration through collaboration between the private sector, researchers and non-profit organizations, and support large-scale, national innovation ecosystems through high impact collaborations across Canada.

Eligible Applicants

Business Innovation and Growth (Streams 1 to 3)

  • Be a for-profit corporation – small, medium or large-sized – incorporated pursuant to the laws of Canada and proposing to carry on business and undertake project in Canada,
  • Request a minimum SIF contribution of $10 million for a proposal with total costs of at least $20 million,
  • Provide audited financial statements (or equivalent) for the past 3 years, and
  • Be willing to make long-term commitments to Canada (e.g. job creation and maintenance, R&D investments, and other public benefits).

Collaborations and Networks (Streams 4 & 5) – Stream 4 offers periodic competitive calls for proposals based on government priorities. Applications for Stream 5 are accepted on a continuous basis.

  • Be either a for-profit or not-for-profit incorporated in Canada,
  • Have collaborations with Canadian universities and/or colleges, research institutes, for-profit corporations and/or not-for-profit entities,
  • Support large-scale ecosystems that are national in scope,
  • Undertake national collaborative projects,
  • Request a minimum SIF contribution of $10 million for a proposal with total costs of at least $20 million,
  • Provide audited financial statements (or equivalent) for the past 3 years, and
  • Be willing to make long-term commitments to Canada (e.g. collaborations with public and private entities, R&D investments, co-op/work integrated learning opportunities)

Eligible Expenses

Non-recurring costs that are specifically related to the project, these include but are not limited to:

  • Direct labour
  • Overhead (limits apply)
  • Subcontracts and consultants
  • Direct materials and equipment
  • Other direct costs
  • Land and buildings

Deadline Date

  Ongoing

Contact

Contact Name: Innovation, Science and Economic Development Canada

Phone Number: 1-800-328-6189

Website: https://www.canada.ca/en/innovation-science-economic-development/programs/strategic-innovation-fund.html

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