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 .
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
- 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)