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Ottawa’s flagship Strategic Innovation Fund paid out just $313 million in first three fiscal years

Innovation Minister Navdeep Bains announces $66.7 million in funding from the Strategic Innovation Fund for ENCQOR, a 5G R&D project, in Ottawa in March 2018.
Innovation Minister Navdeep Bains announces $66.7 million in funding from the Strategic Innovation Fund for ENCQOR, a 5G R&D project, in Ottawa in March 2018. The Canadian Press/Justin Tang
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Ottawa’s flagship innovation program paid out $313 million to companies over its first three fiscal years—a small fraction of the $2.06 billion in awards ministers announced over that time.

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