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Canada Foundation for Innovation - Innovation Fund

Q: How much funding can be received?

Canada Foundation for Innovation - Innovation Fund Funds up to 40% of admissible expenses, capped at $4,000,000 per project.

Q: What expenses are eligible under Canada Foundation for Innovation - Innovation Fund?

Development and deployment of advanced research infrastructure. Establishment of collaborative research platforms. Implementation of innovative scientific and technological projects.

Q: Who can I contact for more information about the Canada Foundation for Innovation - Innovation Fund?

You can contact Leaders Opportunity Fund (LOF).

Q: Where is the Canada Foundation for Innovation - Innovation Fund available?

The Canada Foundation for Innovation - Innovation Fund program is available across Canada.

Q: Is the Canada Foundation for Innovation - Innovation Fund a grant, loan, or tax credit?

Canada Foundation for Innovation - Innovation Fund is a Grant and Funding

Q: Who are the financial supporters of the Canada Foundation for Innovation - Innovation Fund?

Canada Foundation for Innovation - Innovation Fund is funded by Leaders Opportunity Fund (LOF)

Last Update: March 9, 2026

Canada

Supports large-scale research infrastructure projects in Canada

Grant and Funding

Leaders Opportunity Fund

Overview

The Innovation Fund supports a wide range of research initiatives in Canada, focusing on infrastructure development with funding up to 40% of eligible costs. It helps institutions undertake major research projects that promote innovation, sustainability, and global competitiveness through technological advancement and collaborative research efforts.

At a glance

Funding available

Financing goals

Integrate new technologies

Research and experimental development

Conduct research

Eligible Funding

Maximum amount : 4,000,000 $
Up to 40% of project cost

Timeline

Closing date : February 4, 2025

Eligible candidates

Eligible Industries

All industries

Location

Canada

Legal structures

Non-profit

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

All groups

Non-profit candidates

Sector of operation

Research

Target groups

All the groups

Revenue structures

Mixed revenue (<50% earned)

Scope

Provincial

Activities funded

Development and deployment of advanced research infrastructure.
Establishment of collaborative research platforms.
Implementation of innovative scientific and technological projects.

Examples of admissible projects:

$ 3,500,000

Development of a state-of-the-art renewable energy testing laboratory

Eligibility

Who is eligible?

Canadian universities.
Canadian colleges and research hospitals.
Recognized non-profit research institutions.

Eligible geographic areas

Canada

Selection criteria

Project excellence and innovation.
Potential long-term benefits for Canada.
Institutional capacity to sustain research activities.
Partnerships and collaboration scope.

How to apply

Register and create an account on the funding portal.Prepare and submit the project proposal with supporting documents.Review and evaluation process by the funding body.Receive notification of approval or rejection.Sign the funding agreement and commence project execution.

Apply to this program

Frequently Asked Questions about the Canada Foundation for Innovation - Innovation Fund Program

Here are answers to the most common questions about the Canada Foundation for Innovation - Innovation Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.