Fund 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.