Amount:

No Fixed Amount

Type of Program:

Grants & Loan


Description:

Strategic Innovation Fund's Stream 2 facilitates the growth and expansion of firms in Canada. 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.


When It Ends:

Ongoing

Deadline:

Rolling deadline

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.

Application Steps:

Applicants must submit:

1

a Statement of Interest (SOI) with a high-level overview of the proposed project. Based on the SOI, applicants will be provided with feedback on whether they will be invited to Step 2 – Full application.

2

a full application, outlining in greater detail the project proposal. Information provided on this form will be used to complete the project due diligence and benefits assessment.

Other Things to Note:

Business Innovation and Growth (Streams 1–3)

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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