Overview of funded projects

The Strategic Innovation Fund (SIF) aims to attract and support high-quality business investments in Canada's most dynamic and innovative sectors. This fund supports innovative business activities such as R&D projects, firm expansion, attraction of large-scale investments to Canada and collaborative technology demonstration projects. See list of funded projects.

The breakdown of the 107 projects and $6.9B in SIF contributions is as follows:

100 projects

Business Innovation and Growth
(Streams 1-3)

  • R&D and commercialization
  • Firm expansion and growth
  • Investment attraction and reinvestment

Current as of November 22, 2022

$6.5B

in SIF contributions

$66B

total investment leveraged

105K

jobs expected to be created and maintained
(not including indirect, induced, and construction jobs)

Current as of November 22, 2022

24K

commitments obtained for co-op opportunities

Current as of November 22, 2022

$17B

secured in R&D commitments

42 SMEs

32 Canadian-owned firms to achieve scale and commercial success

10 subsidiaries to innovate, invest, and create jobs in Canada

Current as of July 5, 2021

7 successful applicants

Collaborations and Networks
(Streams 4 & 5)

  • Industrial research, development and technology demonstration
  • National ecosystems

 

$338M

in SIF contributions

$850M

total investment leveraged

Note: The numbers included in this breakdown are made up of projects that have executed contribution agreements.

 

Current as of November 22, 2022

Open to all regions across Canada

ON
$4,111M
QC
$1,279M
AB
$613M
BC
$709M
SK
$130M
NB
$79M
NS
$59M
MB
$30M
PE
$53M
NL
$50M

Note: Funding for Stream 4 (Collaborative technology development and demonstration) and Stream 5 (National ecosystems) is allocated to the home province(s) of the lead recipient(s); however, these networks are national in scope and will support network members from across Canada.

Current as of November 22, 2022