Innovation, Science and Economic Development Canada – Strategic Innovation Fund Stream 1: R&D and commercialization (2022)

Description:

Strategic Innovation Fund’s Stream 1 encourages research and development (R&D) that will accelerate technology transfer and commercialization of innovative products, processes and services.It provides repayable and non-repayable contributions to firms of all sizes across all of Canada’s industrial and technology sectors.

Comments on Funding:

Funding is up to 50% of the costs for eligible activities and the amount of the contribution is based on the minimum amount required to allow an eligible activity to proceed.

The maximum level will only be considered in exceptional circumstances.The combined level of assistance from all governments (federal, provincial, territorial, and municipal), shall not normally exceed 75% of eligible costs.

Eligibility:

The applicant must be:

  • A for-profit corporation—small, medium or large-sized,
  • Be incorporated in Canada and proposing to carry on business in Canada.

Applications Steps:

Applicant must submit:

Documentation Needed:

Applicants must:

  • Submit a Statement of Interest ( a high-level overview of the project),
  • Submit a detailed project application if the Statement of Interest is selected.

Other Things to Note:

Business Innovation and Growth (Streams 1–3)

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