Current investment priorities: Strategic Innovation Fund

The Strategic Innovation Fund (SIF) supports a wide range of large-scale, transformative and collaborative projects across all sectors of the economy.

We may prioritize innovative projects that meet SIF project requirements and directly support one of the priority areas for assessment ahead of other initiatives.

Budget 2023 announced that SIF will focus on clean technologies, critical minerals and industrial transformation projects. In addition to these priorities, the program remains committed to supporting excellence in innovation across all sectors of the economy. Check your eligibility online, if you are eligible, please request a consultation.

Net Zero Accelerator

Funding for projects that:

  • decarbonize domestic large emitters in support of Canada's 2030 greenhouse gas emissions reduction targets and its 2050 net-zero emissions goal
  • transform Canadian industry for the future net-zero economy by adopting or commercializing new low- or zero-carbon-intensity products, processes or methods of production
  • develop a Canadian battery ecosystem and other emerging clean technologies with market potential to capitalize on net-zero opportunities and enable decarbonization

Learn more: Net Zero Accelerator Initiative

Critical minerals

Funding for projects that:

  • align with 1 or more areas of focus for critical minerals investments: clean technologies, including batteries and zero-emission vehicles; advanced manufacturing; and, information and communications technologies and semiconductors
  • expand Canada's capacity to responsibly produce critical minerals and advanced materials that are vital for the green transition and are linked to Government priorities under the Canadian Critical Minerals Strategy
  • grow Canada's industrial capacity in critical minerals processing, recycling, and manufacturing, while supporting domestic integration within the critical minerals value chain
  • focus on advanced stage projects, with significant private-sector interest, and developing highly-innovative net-new industrial capabilities for Canada that deliver value-added economic benefits for Canadians
  • enhance mineral circularity (recycling, reusing and reprocessing of materials containing critical minerals) and supply chain security
  • support Canada's international partners by helping to create more resilient global supply chains

Learn more: Critical minerals

Biomanufacturing and Life Sciences

Funding for projects that:

  • build domestic resilience and improve long-term pandemic preparedness by filling critical gaps in biomanufacturing and supply chains as well as in the development of vaccines and therapeutics
  • support innovative firms that are well positioned for growth in the life sciences sector

Learn more: Biomanufacturing: Advancing life sciences industry in Canada

Other areas of interest

Funding for projects that promote innovation with research, development and technology adoption or adaptation from all sectors of the economy, including:

  • aerospace
  • semiconductors
  • agri-food
  • automotive
  • natural resources

Learn more: About the program