strategic innovation fund stream 1
Potential applicants are encouraged to base the level of funding sought on the needs of their project and not automatically seek 50% funding in all cases. Eligible Projects.
The launch on July 5, 2017, signaled the beginning of a two-step application process for Streams 1 to 3 of the Strategic Innovation Fund. The PDF form provides general information on the applicant and the project. A simpler, more flexible tool to grow Canada's economy. The SOI (Streams 1–3) has two parts, which will be sent to you by email. Innovation, Science and Economic Development Canada. This includes three years' worth of financial statements, but we will consider SOIs from companies that have been in existence for fewer than three years. Info entrepreneurs reçoit le soutien financier de développement économique Canada
Applications to Stream 5: National Ecosystems are now open.
Provider Federal. Amount: No Fixed Amount Type of Program:Grants & Loans Description: Strategic Innovation Fund's Stream 1 encourages research and development (R&D) that will accelerate technology transfer and commercialization of innovative products, processes and services. Share on: Save this document You must first be logged in to save this document.
There are no submission deadlines.
Also, your ability to accomplish the project will be assessed along with your project's potential benefits to Canada. Innovation, Science and Economic Development Canada Your for-profit organization could be eligible for a financial contribution to enhance productivity and support R&D, investment, and growth. Clearly demonstrate the incremental benefits to Canada that relate to the government funding you are requesting. Contact us!
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Streams 1, 2 and 3: The Applicant must be a for-profit corporation—small, medium or large-sized—proposing to carry on business in Canada in the industrial and/or technology sectors. https://www.infoentrepreneurs.org/en/programs/strategic-innovation-fund---streams-1--2-and-3/, R&D to accelerate technology transfer and commercialization of innovative products, processes and services, Attraction of large-scale high-quality investments and reinvestments to Canada. Demonstrate the management, technical and financial capacity to complete the project. The SIF was designed to spur innovation in all sectors of the Canadian economy. This program component is open to incorporated, for-profit entities looking to undertake projects that encourage research and development (R&D) activities to accelerate technology transfer and commercialization, facilitate the growth and expansion of Canadian firms and/or attract and retain large-scale investments to Canada. Innovation, Science and Economic Development Canada, Projects that are not aligned with one or more of the, Project benefits that are mostly local and do not have a broader impact on Canadians, Projects that do not have a clear rationale and/or the necessary technical expertise to carry out the project activities, Technological development or growth that is part of expected business plans and does not represent an incremental or accelerated leap, New small scale or novel product development that are without a broader-based, market disruption capability or clear public benefits, Project activities and/or costs that can generally be financed through debt financing (e.g. Save my name, email, and website in this browser for the next time I comment.
Strategic Innovation Fund — Streams 1, 2 and 3 .
Need help? Provide a thorough understanding of the company, the proposed project's activities, objectives and outcomes.
The SIF also provides support in targeted areas: Steel and aluminum: up to $250 million in new support to help bolster the competitiveness of Canadian manufacturers and better integrate the Canadian supply chain of steel and aluminum. Our physical offices are closed, but our advisers remain at your disposal to help you plan purchase of new equipment, land/building costs).
This means a minimum project size of $20 million. 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;
Agriculture, forestry, fishing and hunting, Mining, quarrying, and oil and gas extraction, Professional, scientific and technical services, Grants, contributions and financial assistance, Research, develop or commercialize a new product/idea, R&D to accelerate technology transfer and commercialization of innovative products, processes and services, Attraction of large-scale high-quality investments and reinvestments to Canada. Instead, funding is provided to support a given project with a repayment period of up to 15 years. Stream 4 operates on a competitive basis where SOIs are accepted following a call-for-proposals.
https://www.infoentrepreneurs.org/en/programs/strategic-innovation-fund---streams-1--2-and-3/, 380 St-Antoine West
In this form, you will be asked to provide detailed descriptions of your business activities and aspects of your proposed project including, objectives, benefits and timelines.
The Strategic Innovation Fund (SIF) supports Canada as a top destination for businesses to invest through five Streams:.
Any company incorporated in Canada can apply to Streams 1 to 3. When applying to the SIF, ensure that you make a strong case for why government funding is needed to complete the project, as a complement to funding available from the private sector. It provides repayable and non-repayable contributions to support four distinct Streams of activities: Stream 1: Encourage research and development (R&D) that will accelerate technology transfer and commercialization of innovative products, processes and services; A for-profit corporation—small, medium or large-sized. A description of the anticipated benefits of your project. To apply for streams 1, 2, 3, or 5 of the Strategic Innovation Fund, businesses must complete a two-stage application process, however, applications may be submitted year-round. Your project schedule, activities, costs and location of work. The SIF now focuses its support on projects requesting at least $10 million in contributions. First, innovation must be a key part of your project.
info@infoentrepreneurs.org. The SIF is not a short-term financing vehicle. Strategic Innovation Fund's Stream 1 encourages research and development (R&D) that will accelerate technology transfer and commercialization of innovative products, processes and services. A new stream of the Strategic Innovation Fund (SIF), Stream 5: National Ecosystems, provides a new approach to enable disruptive innovation and growth of key sectors in Canada.
The Strategic Innovation Fund (SIF) provides financial support to projects that will improve Canada's innovation performance while providing economic, innovation and public benefits to Canadians.
Using the 'Add attachments' button at the top of this form, you must add the following attachments prior to submitting: The completed "SIF Statement of Interest — Part II" Excel Form, Your articles of incorporation, or alternative documentation detailing your legal status / the legal status of the applicant, A diagram of your corporate structure, including all related entities, Your annual financial statements, preferably audited, for the past 3 years, and if applicable those of your ultimate parent company (follow guidance provided on the PDF if you have been in operation for fewer than 3 years), The SOI - Part I also asks for the project. Use the attachment button at the top of SOI Part I to also attach: The applicant's articles of incorporation, Diagram of the applicant's corporate structure, and, The applicant's financial statement for the past three years. All Stream 4 contributions are non-repayable. You must demonstrate that you have secured your portion of the funding required for the project. Small, medium and large firms, across all of Canada's industrial and technology sectors are eligible to apply. For applicants that have previously downloaded the former SOI form, you will be able to submit using that form until July 3, 2020.
Your email address will not be published. You may submit an application for funding in one of 3 project streams: Applications for streams 1 to 3 are accepted on a continuing basis.
From: Innovation, Science and Economic Development Canada.
Click the "Submit" button at the bottom of the SOI Part I form to securely transmit your information to SIF. The maximum level will only be considered in exceptional circumstances. Print. don't automatically request the maximum contribution of 50%). Please ensure consistency across both forms. Low Earth orbit satellites: up to $100 million over five years to improve access to Internet and wireless services in rural areas at more affordable prices. Innovation, Science and Economic Development Canada. © Chamber of Commerce of Metropolitan Montreal formerly known as Board of Trade of Metropolitan Montreal.
Can I clearly describe the anticipated innovation, economic and public benefits of my project?
For Stream 4, applicants must be a consortium led by a company incorporated in Canada. In addition, the following costs are not covered under any circumstances: Before applying, ask yourself the following: You will be asked to provide the following: Please refer to the SIF SOI Form Guide for further details.
Amount: No Fixed Amount Type of Program:Grants & Loans Description: Strategic Innovation Fund's Stream 1 encourages research and development (R&D) that will accelerate technology transfer and commercialization of innovative products, processes and services. By continuing to use this website, you agree to our Privacy Policy and the use of cookies to offer you content and services tailored to your interests. A funding table outlining other support regarding your project.
Financial information on your firm and your project. Click on one of the two buttons to access the content you wish to view. You must first be logged in to save this document.
Funding is up to 50% of the costs for eligible activities and the amount of the contribution is based on the minimum amount required to allow an eligible activity to proceed.
Networks can also apply under Stream 4. We recommend that you visit the Innovation Canada platform – a tool that brings together everything government can do for business, all in one place. There is no application deadline for Streams 1, 2 and 3. Your company's capability to undertake the project, this includes information on your company's finances as well as its technological and managerial capabilities.
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