The Government of Canada has announced a $1.26-billion fund that will attract high-quality business investments leading to more jobs, skills and opportunities for Canadians. The Strategic Innovation Fund is a new program to attract and support high-quality business investments across all sectors of the economy. The program is now accepting application in four Streams, each with its own precise objective:
- Stream 1: Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;
- Stream 2: Facilitate the growth and expansion of firms in Canada;
- Stream 3: Attract and retain large scale investments to Canada; and
- Stream 4: Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.