The Strategic Innovation Fund (SIF) covers all sectors of the economy and is available to for-profit and not-for-profit organizations with the goal of supporting the Canadian innovation network.
SIF provides funding for 2 categories of projects, each with their own set of requirements:
Business Innovation and Growth projects
Business Innovation and Growth projects led by individual companies seeking funding to support their business.
Collaborations and Networks projects
Collaborations and Networks projects led by companies or not-for-profit organizations seeking funding to support their innovation network.
Requirements for all projects
SIF focuses on funding innovative projects that comply with the following requirements:
Major benefits that SIF-funded projects provide to Canada, including benefits for the economy, the public and the future through innovation.
Areas of investment priorities as outlined in the Government of Canada's annual budget.
Project-related costs that are eligible or ineligible for SIF support.
Funding amounts and conditions
SIF contribution amounts, repayment conditions and other government assistance.
The creation of a successful project's Term Sheet and Contribution Agreement.
Reporting requirements during the project, throughout the project life cycle and after completion of the project.
Legal assurances, including compliance with official acts, intellectual property (IP) rights, information sharing and international agreements.