Amount: up to 50% of eligible costs
Strategic Innovation Fund (SIF) provides a combination of non-repayable government grant and repayable government loan that covers up to 50% of the cost of research, development, and commercialization of the products and technologies. There is currently no maximum limit. The program provides government funding for the businesses of any size, and industry across Canada.
Eligibility Criteria: Strategic Innovation Fund (SIF) Stream 1 – R&D and Commercialization
- Must be a for-profit corporation incorporated under the laws of Canada.
- May be a small, medium or large business.
- May be located anywhere in Canada.
- Must be involved in research & development or commercialization activities within Technology Readiness Levels (TRLs) 1-9
- Eligible project must support the development of a technology to a higher readiness level which then has the potential to lead to the implementation or commercialization of a resultant product, process or service.
Eligibility Criteria: Strategic Innovation Fund (SIF) Stream 2 – Firm Expansion & Growth
- Must be a for-profit corporation incorporated under the laws of Canada.
- May be a small, medium or large business.
- May be located anywhere in Canada.
- Must support the expansion or material improvement of existing industrial or technological facilities, or projects
- Eligible project must result in the improved viability of the applicant through company growth, increased efficiency or output capacity
- Must support activities within Technology Readiness Levels (TRLs) 8-9
- Examples of eligible projects include the capacity increase, productivity improvement through equipment or software upgrade, process efficiency increase.
