Financial support for growth and expansion

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About the program

Get a contribution of up to 50% of eligible expenses to support the expansion or material improvement of existing industrial or technological facilities, or projects.

The Strategic Innovation Fund (SIF) supports large-scale, transformative and collaborative projects that help position Canada to prosper in the global knowledge-based economy. SIF projects promote the long-term competitiveness of Canadian industries, clean growth, and the advancement of Canada’s strategic technological advantage.

As part of the Innovation and Skills Plan, the Strategic Innovation Fund plays a key role in the continuum of innovation funding, providing support for projects through simplified application processes, accelerated processing, and assistance that is more responsive and focused on results.


Eligibility requirements differ between the two broad program components:

  • Business Innovation and Growth (Streams 1 to 3)

Applications are accepted on a continuous basis. To be considered, applicants must:

    • Be a for-profit corporation – small, medium or large-sized – incorporated pursuant to the laws of Canada and proposing to carry on business in Canada,
    • Request a minimum SIF contribution of $10 million for a proposal with total costs of at least $20 million,
    • Undertake a project in Canada,
    • Provide audited financial statements (or equivalent) for the past 3 years, and
    • Be willing to make long-term commitments to Canada (e.g. job creation and maintenance, R&D investments, and other public benefits).

How to apply

Give your application the best chance at approval. AKR Consulting has an 99% approval rating across all<u> Canadian funding programs.</u>

For any inquiry, please call: AKR Consulting Canada at 905-678-6368


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