Research Money asked Innovation, Science and Economic Development Canada (ISED) to respond to four questions about criticisms of the Strategic Innovation Fund (SIF) program. In response, ISED says SIF is producing “significant benefits” for Canadians, including new jobs created, co-op placements and investment in R&D and new technologies.
Topic: Strategic Innovation Fund (SIF)
Canadian Bank Note Company poised for further diversification with $220-million nanotechnology R&D project
The Canadian Bank Note Company (CBN) has secured $40 million from the Strategic Innovation Fund (SIF) to launch a $220-million, five-year R&D project to commercialize technology underpinning atomically precise manufacturing.
Calgary-based innovation network aims to make Canada world’s cleanest oil and gas producer
Clean Resource Innovation Network (CRIN) was allocated $100M in the federal budget, and is aiming to make Canada the world’s cleanest oil and gas producer.
Business, academia and non-profits secure new research and innovation stimulus as Liberal government positions itself for Fall election
The Liberal government of Justin Trudeau has delivered a classic pre-election Budget, with targeted spending that extends to the research, development and innovation (RDI) file.
$49M SIF investment aids construction of $3.5B plastics facility in Alberta
Ottawa is providing $49 million through the Strategic Innovation Fund to Calgary-based Inter Pipeline Ltd. for a project to produce polypropylene from propane.
American steel company EVRAZ North America receives $40-million SIF investment
The $40-million investment is part of a $112.6-million project to upgrade the company’s facilities in Regina, Saskatchewan, and Red Deer, Alberta.
ISED announces major investments in Siemens and Nokia under the Strategic Innovation Fund
Minister of Innovation, Science and Economic Development (ISED) Navdeep Bains announced the two investments at the World Economic Forum in Davos, Switzerland.
General Fusion wins $49.3 million SIF funding for clean tech development project
The Ministry of Innovation, Science and Economic Development (ISED) will invest $49.3 million from its Strategic Innovation Fund (SIF) to support technology development at General Fusion, a Burnaby, B.C.-based company seeking to commercialize fusion energy. Fusion energy is generated from reactions released by superheated hydrogen gas. The process is safe and produces no emissions or…
New SIF funding for steel producer ArcelorMittal to support 6,400 Canadian jobs
In response to American tariffs on Canadian steel, economic development minister Navdeep Bains announced a $49.9 million Strategic Innovation Fund (SIF) investment to support an undertaking by steel company ArcelorMittal to modernize its facilities. The $205 million project aims to improve efficiency, sustainability, and productivity across its operations. With this investment, ArcelorMittal expects to reduce…
exactEarth secures $7.2 million SIF funding
The Cambridge, Ontario-based company exactEarth Ltd. received $7.2 million in federal investment through the Strategic Innovation Fund (SIF). exactEarth uses satellite technology to track ships at sea and to optimize routing for the global shipping industry. The funding will support exactEarth to invest more in R&D and to develop intellectual property that’s made and retained…
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