Government of Canada launches Strategic Innovation Fund

Thousands of Canadians will benefit from new jobs, skills and business opportunities as a result of a $1.26-billion investment by the Government of Canada.

on Wednesday July 5, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, launched the Strategic Innovation Fund, a new program to attract and support high-quality business investments across all sectors of the economy.

This fund is open to all industries and will support four types of innovation activities:

– research, development and commercialization of new products and services
– growth and scale-up of high-potential firms
– attraction of new investments to Canada, which will expand business opportunities and create jobs for Canadians
– public-private collaborations in developing and demonstrating new technologies

The projects supported by this fund will provide Canadians with the opportunities they need for well-paying jobs now and into the future.

This fund is part of the Government’s Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.

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