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

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Value

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

The Strategic Innovation Fund (SIF) is closed to new applications and has been succeeded by the Strategic Response Fund (SRF). The SRF operates on a continuous, multi-stage intake process, beginning with an initial consultation, followed by a Statement of Interest, and then a full application if invited. Visit the official SRF website (https://ised-isde.canada.ca/site/strategic-response-fund/en) for specific details.

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

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