$1.26B strategic innovation fund to boost business investment

Open to all industries and support R&D, growth, attracting investment and new technologies collaborations.

July 12, 2017   by PLANT STAFF

MONTREAL — The Trudeau government is counting on a $1.26 billion fund to fuel innovation by attracting high-value business investment.

The Strategic Innovation Fund is a new program aimed at stimulating investments across all sectors of the economy.

It’s open to all industries and will support four types of 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 that develop and demonstrate new technologies

The fund is part of the government’s Innovation and Skills Plan.

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