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SIF — Business Innovation and Growth projects
Funding for business innovation and growth projects
Last Update: March 4, 2026
Funding available
Varies by project
Timeline
- Open continuously
Location
Canada
Overview
Receive contributions for activities related to the research and development (R&D) and commercialization of innovative products, the expansion or material improvement of existing industrial or technological facilities, and for new investments in R&D manda
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Conduct research and development activities
- Reduce environmental footprint
- Launch or market a product/service
Eligible Funding
- Varies by project
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Professional, scientific and technical services
Location
- Canada
Legal structures
- For-profit business
- Non-financial cooperative
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- R&D activities to explore commercial potential and develop market-disrupting applications.
- Adapting research findings for commercial viability and market presence.
- Enhancing existing products through new technologies to boost competitive advantage.
- Implementing process improvements to reduce environmental impact using new technologies.
- Expanding manufacturing capacity to satisfy market demand.
- Elevating production efficiency with facility and equipment upgrades.
- Establishing new production or research facilities in Canada.
- Securing production mandates for newly or previously foreign-produced products.
- Acquiring R&D mandates formerly held outside of Canada.
Eligibility
Who is eligible?
- For-profit businesses incorporated in Canada
- For-profit cooperatives incorporated in Canada
- Partnerships proposing to carry out business in Canada
Eligible expenses
- Research and development to test the commercial potential of early-stage innovative concepts.
- Adaptation of research findings for commercial applications that have market-disruptive potential.
- Development and improvement of current products by implementing new technology for competitive enhancement.
- Process improvements to reduce the environmental footprint of current production using new technologies.
- Increasing manufacturing capacity to meet demonstrated market demand.
- Improvement of production efficiency through plant and equipment enhancements.
- Establishing new R&D mandates and hiring full-time-equivalent employees in Canada.
- Creating new production facilities or acquiring production mandates for products not previously made in Canada.
- Acquiring R&D mandates previously controlled outside Canada or establishing them for the first time in the country.
Eligible geographic areas
- Businesses or cooperatives incorporated in Canada
- Partnerships proposing to carry out business in Canada
Additional information
The Strategic Innovation Fund (SIF) supports transformative and collaborative projects across all sectors of the Canadian economy. Focus areas for Budget 2023 include clean technologies, critical minerals, biomanufacturing, and life sciences.
- Net Zero Accelerator: Decarbonize large emitters, transform industry for the net-zero economy, develop a Canadian battery ecosystem.
- Critical minerals: Align investments with clean technologies, expand production capacity, enhance mineral circularity, support global supply chains.
- Biomanufacturing and Life Sciences: Build resilience, improve pandemic preparedness, support innovative firms in the life sciences sector.
- Other areas of interest: Promote innovation in aerospace, semiconductors, agri-food, automotive, and natural resources.
Documents and links
Frequently Asked Questions about the SIF — Business Innovation and Growth projects Program
Here are answers to the most common questions about the SIF — Business Innovation and Growth projects. 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.
What is the SIF — Business Innovation and Growth projects?
Receive contributions for activities related to the research and development (R&D) and commercialization of innovative products, the expansion or material improvement of existing industrial or technological facilities, and for new investments in R&D manda
Who is eligible for the SIF — Business Innovation and Growth projects program?
To be eligible for the SIF — Business Innovation and Growth projects program, you must:
A for-profit business or cooperative incorporated in Canada.
A partnership proposing to carry out business in Canada.
What expenses are eligible under SIF — Business Innovation and Growth projects?
R&D activities to explore commercial potential and develop market-disrupting applications.
Adapting research findings for commercial viability and market presence.
Enhancing existing products through new technologies to boost competitive advantage.
Implementing process improvements to reduce environmental impact using new technologies.
Expanding manufacturing capacity to satisfy market demand.
Elevating production efficiency with facility and equipment upgrades.
Establishing new production or research facilities in Canada.
Securing production mandates for newly or previously foreign-produced products.
Acquiring R&D mandates formerly held outside of Canada.
Where is the SIF — Business Innovation and Growth projects available?
The SIF — Business Innovation and Growth projects program is available across Canada.
Is the SIF — Business Innovation and Growth projects a grant, loan, or tax credit?
SIF — Business Innovation and Growth projects is a Grant and Funding
Who are the financial supporters of the SIF — Business Innovation and Growth projects?
SIF — Business Innovation and Growth projects is funded by Innovation Canada, Innovation, Science and Economic Development Canada (ISED), Government of Canada