Strategic Innovation Fund (SIF)Minimum $10 million for projects with at least $20 million in eligible costs
The Strategic Innovation Fund (SIF) is a federal program administered by Innovation, Science and Economic Development Canada that supports major innovative projects across the country.
Catalogue page, published under the editorial responsibility of
Chase Miller, Chief Business Development Officer and Co-Founder
Chase Miller is Chief Business Development Officer and Co-Founder of Impact Applications, the Calgary grant consultancy he co-founded in April 2023 after running Synced Digital, a web agency for Alberta startups. He works directly with the firm's clients on their federal and provincial applications and writes and reviews the program guides on this site. LinkedIn
- average funding secured per client
- $334,132 average funding secured per client
- approval rate
- 94% approval rate
About this program
The Strategic Innovation Fund (SIF) is a federal program administered by Innovation, Science and Economic Development Canada that supports major innovative projects across the country. The program funds research and development, commercialization, firm expansion, investment attraction, and collaborative innovation networks. It covers five main project types: business innovation and growth projects, expansion of industrial facilities, investment attraction projects, national innovation networks, and collaborative technology development. Recipients must submit quarterly cost claims and agreements can span 20+ years with long-term benefit monitoring.
Who is eligible
For-profit businesses, cooperatives, partnerships, and not-for-profit organizations incorporated in Canada. Must demonstrate financial, managerial and technical capacity to complete projects and meet repayment obligations. Must own sufficient intellectual property rights.
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Official program pageQuestions about Strategic Innovation Fund (SIF)
Who is eligible for Strategic Innovation Fund (SIF)?
For-profit businesses, cooperatives, partnerships, and not-for-profit organizations incorporated in Canada. Must demonstrate financial, managerial and technical capacity to complete projects and meet repayment obligations. Must own sufficient intellectual property rights.
How much does Strategic Innovation Fund (SIF) provide?
Minimum $10 million for projects with at least $20 million in eligible costs. The program covers up to 50% of eligible costs.
What costs does Strategic Innovation Fund (SIF) cover?
Direct labour costs; direct materials and equipment; other direct project costs and overhead; subcontracting and consultant costs; land and building costs; network operating costs for collaboration projects
When is the Strategic Innovation Fund (SIF) deadline?
Rolling intake Deadline type: Rolling.
Is Strategic Innovation Fund (SIF) repayable?
No. Strategic Innovation Fund (SIF) is grant (non-repayable); the funding is not repaid.