business expansion

Strategic Innovation Fund (SIF)

Description: The SIF's objective is to spur Canadian innovation. The program has 4 streams, including:

  • Stream 1 (R&D)- Encourage R&D that will accelerate technology transfer and commercialization
  • Stream 2 (Expansion)- Facilitate the growth and expansion of firms in Canada
  • Stream 3 (Global Investment)- Attract and retain large scale investments to Canada
  • Stream 4 (Collaboration)- Advance R&D through collaboration between universities, non-profit organizations and the private sector.

Funding Details: The sharing ratio (contribution vs costs of activities) will not exceed 50% of the costs for eligible activities and the maximum level will only be considered in exceptional circumstances. Program contributions can be repayable, non-repayable, or a combination of the two. Non-repayable contributions will only be considered for activities that demonstrate strong, economic innovation, and public benefits with clear strategic value or global significance.

Eligible Expenditures: Eligible costs are limited to non-recurring costs that are specifically related to the project, including:

  • Direct labour, subcontractors and consultants
  • Overhead (program limits apply)
  • Direct materials and equipment, land and buildings
  • Other direct costs

Eligibility Requirements: Eligible applications for Streams 1, 2, and 3 must be a small- to medium-sized for-profit corporation. Applications to stream 4 must be a consortium, with a lead applicant incorporated pursuant to the laws of Canada, that may include Canadian universities, colleges, research institutes, for-profit corporations and not-for-profit entities.

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How NorthBridge Will Assist With the SIF program and Other Funding Programs

NorthBridge has over 20 years of experience assisting companies with government funding programs. We will:

  • Listen and discuss past, present and future project activities.
  • Research and identify the appropriate and optimal government grant, tax incentive, loans, as well as private financing opportunities.
  • Take a hands-on approach to the application process and address relevant program objectives and criteria.
  • Become an in-house project manager for all types of government funding.
  • Interview the key employees and ask specific questions in order to make the right funding decisions.
  • Assist in writing the application and preparing all supporting documentation.
  • Assist with government reporting requirements.

To arrange for a free, no obligation consultation with one of our government funding experts contact us at: info@northbridgeconsultants.com

More information
Please fill in the following information and a NorthBridge representative will contact you regarding your request.





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