The Strategic Innovation Fund – Stream 3 (Investment attraction and reinvestment) is a government-led program that aims to attract and retain investments in Canada. Its primary focus is to support projects that bring significant economic benefits to the country and contribute to long-term growth. The program specifically targets businesses and organizations seeking to attract new investments or reinvest in their Canadian operations.
Under Stream 3, the Strategic Innovation Fund provides financial assistance to eligible companies, enabling them to implement investment attraction initiatives. These initiatives may include marketing campaigns, research studies, feasibility assessments, and infrastructure development, among others. By supporting these projects, the program aims to create a favorable business environment that attracts both domestic and international investments, positioning Canada as an appealing destination for businesses seeking growth opportunities.
