Strategic Innovation Fund – Stream 2 (Firm Expansion and Growth)

The Strategic Innovation Fund supports businesses with large projects in innovation efforts that have commercialization potential. This stream supports expansion or material improvement of existing industrial/technological facilities or projects .

What Is Strategic Innovation Fund – Stream 2 (Firm Expansion and Growth)?

Strategic Innovation Fund – Stream 2 (Firm Expansion and Growth) is a program aimed at supporting and promoting the expansion and growth of Canadian companies. It provides financial assistance to businesses across various sectors to help them scale up, increase their competitiveness, and contribute to the long-term economic growth of Canada.

Strategic Innovation Fund – Stream 2 (Firm Expansion and Growth) Overview

The Strategic Innovation Fund – Stream 2 (Firm Expansion and Growth) is a government initiative that provides financial assistance to Canadian companies across diverse sectors, enabling them to expand their operations and enhance competitiveness. It targets businesses with potential for growth, offering funding support for strategic investments in areas such as production capacity, advanced technologies, market expansion, and research and development.

Through this program, eligible companies gain access to financial resources to fuel their expansion plans, strengthen their market position, and drive innovation. In addition to financial support, the Strategic Innovation Fund – Stream 2 provides strategic guidance and expertise to help companies navigate the complexities of growth, maximizing their potential for success.

How Much Funding?

– Up to 50% of eligible costs but is dependent on the minimum amount necessary for project to proceed
– Requested contribution must be a minimum of $10 million

WHO QUALIFIES?

– For-profit
– Incorporated in Canada
– Requesting at least $10M in contributions

Eligible Activities & Expenditures

Expansion or material improvement of existing industrial or technological facilities or projects

Projects must be at Technological Readiness Levels 8 or 9 (i.e., actual product/process completed and qualified through test and demonstration; actual product/process proven successful)

Direct labour
Overhead
Subcontracts
Direct materials and equipment
Land and buildings
Other direct costs

PROGRAM DEADLINE

Ongoing

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

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Strategic Innovation Fund – Stream 2 (Firm Expansion and Growth)

What Is Strategic Innovation Fund – Stream 2 (Firm Expansion and Growth)?