Strategic Innovation Fund – Stream 5 (National Ecosystems)

The Strategic Innovation Fund supports businesses with large projects in innovation efforts that have commercialization potential. This stream supports innovation that will highly impact Canadian ecosystems.

What Is Strategic Innovation Fund – Stream 5 (National Ecosystems)?

Strategic Innovation Fund – Stream 5 (National Ecosystems) is a government initiative that focuses on enhancing and strengthening national innovation ecosystems in Canada. The program supports projects that aim to foster collaboration, build networks, and promote knowledge sharing among diverse stakeholders to drive innovation and economic growth across the country.

Strategic Innovation Fund – Stream 5 (National Ecosystems) Overview

Strategic Innovation Fund – Stream 5 (National Ecosystems) is a government-led program that supports initiatives aimed at enhancing collaboration and innovation within the national innovation ecosystems in Canada. It provides financial assistance to projects that promote networking, knowledge sharing, and partnerships among businesses, research institutions, and other stakeholders. By fostering a robust ecosystem, the program aims to drive economic growth, encourage entrepreneurship, and facilitate the development and adoption of innovative solutions.

The program focuses on creating an enabling environment for collaboration and innovation by supporting projects that enhance networking opportunities, facilitate research-commercialization partnerships, and promote knowledge exchange. By strengthening the national innovation ecosystem, the Strategic Innovation Fund – Stream 5 contributes to Canada’s position as a global leader, stimulates job creation, and fuels economic development at both regional and national levels.

How Much Funding?

– 10%-50% cost sharing
– Focused on projects which request $10 million or more in funding

WHO QUALIFIES?

– Not-for-profit organization or for-profit corporation incorporated in Canada, in collaboration with another Canadian organizations

Partner organizations include:
– Academic and research institutions
– For-profit (including SMEs)
– Not-for-profit entities

*Focus is on Canadian SMEs and high growth industries

Eligible Activities & Expenditures

Attracting investments
Improving competitiveness
Advancing technologies
Accelerating growth through expansion and facilitating access to diverse domestic and global markets
Supporting a stronger ecosystem

Focuses on business-led collaboration between multiple organizations to accelerate commercialization in areas with demonstrated Canadian advantage to build Canadian ecosystems

Direct labour
Overhead
Subcontracts
Direct materials and equipment
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 5 (National Ecosystems)

What Is Strategic Innovation Fund – Stream 5 (National Ecosystems)?