Strategic Innovation Fund – Stream 1 (R&D and Commercialization)

The Strategic Innovation Fund supports businesses with large projects in innovation efforts that have commercialization potential. This stream focuses on R&D that will accelerate technology transfer and commercialization of innovative products, processes, and services.

What Is Strategic Innovation Fund – Stream 1 (R&D and Commercialization)?

Strategic Innovation Fund – Stream 1 (R&D and Commercialization) is a funding program administered by the Government of Canada. It is designed to support research and development (R&D) activities as well as the commercialization of innovative technologies and products. The fund aims to enhance Canada’s competitiveness in key industries and promote economic growth by providing financial assistance to businesses and organizations engaged in strategic innovation projects.

Strategic Innovation Fund – Stream 1 (R&D and Commercialization) Overview

The Strategic Innovation Fund (SIF) – Stream 1 (R&D and Commercialization) is a government-backed initiative that drives R&D activities and commercialization of innovative technologies, aiming to enhance Canada’s competitiveness, foster economic growth, and create job opportunities.

Stream 1 of the Strategic Innovation Fund provides financial support to businesses, organizations, and research institutions engaged in cutting-edge R&D initiatives across key sectors of the Canadian economy, including advanced manufacturing, clean technology, digital technology, health and bio-sciences, and natural resources. The funding covers a wide range of R&D activities, enabling companies to accelerate their innovation efforts, bring new products and services to market efficiently, and receive strategic guidance to navigate commercialization and market integration.

How Much Funding?

– Up to 50% of eligible costs, but dependent on the minimum amount necessary for project to proceed
– Requested contribution must be a minimum of $10 million

WHO QUALIFIES?

– For-profit
– Incorporated in Canada
– Requesting at least $10M in contributions

Eligible Activities & Expenditures

Research, development and commercialization of innovative products, processes, services:

Direct labour
Overhead
Subcontracts
Direct materials and equipments
Land and buildings
Other direct costs

PROGRAM DEADLINE

Ongoing

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

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Strategic Innovation Fund – Stream 1 (R&D and Commercialization)

What Is Strategic Innovation Fund – Stream 1 (R&D and Commercialization)?