- Repayable and non-repayable contributions
- Focused on supporting Canadian innovation
- Ongoing program with continuous intake and annual intake
The SIF’s objective is to spur Canadian innovation. The program has 5 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.
- Stream 5 (National Ecosystems)- Initiate high-impact collaborations to support Canadian innovation ecosystems.
The sharing ratio for streams 1, 2 and 3 (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. Stream 4 and 5 contributions are non-repayable and the program contribution to any recipient will not exceed 50% of its total eligible costs. Program contributions for streams 1, 2 and 3 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 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
- Land and buildings
- Subcontracts and consultants
Eligible applicants for Streams 1, 2, and 3 must be a for-profit corporation of any size.
Applicants 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.
Applicants to stream 5 must be a for-profit or not-for-profit incorporated in Canada, in collaboration with other Canadian organizations such as universities, research institutes or corporations.
SIF is a program launched in 2017 which offers continuous intake for streams 1-3 and 5, and an annual intake for stream 4.