Reporting requirements: Strategic Innovation Fund

If your project is selected for funding, you will be required to submit several documents both during and after the project life cycle.

During the project

You will be required to submit:

  • regular claims based on incurred and paid costs
  • regular project status reports
  • regular benefit and risk updates
  • annual cashflow forecasts and project financing updates

Throughout the project life cycle

You will be required to submit:

  • annual consolidated financial statements
  • an Annual Performance Benefits Report (APBR)
  • other plans and reports as required to fulfill specific commitments, including plans for:
    • intellectual property
    • supply chain continuity
    • sustainability
    • equity, diversity and inclusion
  • corporate plan (for Collaborations and Networks projects only)
  • annual report (for Collaborations and Networks projects only)
  • reports of any changes that would affect your:
    • corporate structure
    • any obligation under the Contribution Agreement

After completion of the project

You will be required to submit:

  • annual reports on project benefits including fulfillment of specific commitments
  • repayment forecasts if the contribution is repayable
  • regular royalty statements with every payment

As outlined in the Contribution Agreement, recipients of Strategic Innovation Fund agree to participate in audits of project costs and revenues as necessary.

The Minister of Innovation, Science and Economic Development Canada may also ask you to provide reports as necessary to contribute to the assessment of the Strategic Innovation Fund, including its success stories.