Ottawa launches fifth stream for $2.51-billion Strategic Innovation Fund


The new allocation from the federal government’s flagship innovation fund will give money to projects that are fund collaborations between big firms, small businesses, academic institutions and non-profits, and accelerators and incubators. The government is not allocating any new funding for this stream. (The Logic)

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Talking point: This is the first SIF stream for collaborations that does not have industry or subject-area restrictions; it also has no deadline. It’s similar to the SIF’s Stream 4, which allocated large sums of money to specific industries. Based on that precedent, successful Stream 5 projects are likely to receive big allocations from the fund. In May, Innovation Minister Navdeep Bains announced two $49-million awards for digital health projects under Stream 4: a Canada-wide data platform and a group working on image-guided therapies. That puts the projects tied in eighth place in terms of how much money they received among the fund’s 46 projects to date.