Strategic Innovation Fund

Name

Strategic Innovation Fund

Legal name

Innovation, Science and Economic Development Canada

Website

https://ised-isde.canada.ca

Company type

Private

Founded year

2017

Operating status

Operating

Short description

The Strategic Innovation Fund is a Canadian federal government program, established in 2017 and administered under Innovation, Science and Economic Development Canada, that provides financial support to Canadian industrial and technology-based businesses.

Ownership category

akta.pro rank

Product category

Government Innovation Funding

NAICS

Public Finance Activities (92113)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Grantmaking & Philanthropic Funds (Institutional Donors) (BPADAOAB)

akta.pro secondary industries

Development Finance, Guarantees & Blended Finance Programs (BPADABAM), Bilateral Development Finance Institutions (DFIs) (BPADACAD)

Keywords

• Government innovation funding
• Industrial development grants
• Technology business funding
• Canadian innovation programs
• Strategic investment funds

Headquarters

HQ city

Canada

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Core offering

Strategic Innovation Fund is a Canadian federal government program operated under Innovation, Science and Economic Development Canada (ISED) that provides financial support to Canadian industrial and technology-based businesses. The fund was established in 2017 and operates under the authority of the Government of Canada to promote industrial and technological innovation within Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• Strategic Innovation Fund A Canadian federal government program under Innovation, Science and Economic Development Canada (ISED) that provides financial support to Canadian industrial and technology-based businesses.

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• Canada Economic Development for Quebec Regions (CED-Q): A Canadian federal regional development agency supporting economic growth, innovation, and business development in Quebec. Directly comparable as a federal economic-development vehicle channelling capital to Canadian businesses.
• Sustainable Development Technology Canada (SDTC): A Canadian federal fund that finances clean-technology projects across Canadian industrial sectors. Highly comparable in mandate (federal funding to Canadian industrial/technology businesses) and in being a non-departmental federal vehicle supporting innovation deployment.
• Federal Economic Development Agency for Southern Ontario (FedDev Ontario): A Canadian regional development agency delivering federal funding to businesses and innovation projects. Comparable as a Government of Canada instrument providing financial support to industrial and technology-based businesses within a defined Canadian geography.
• Business Development Bank of Canada (BDC): Canada's federal development bank providing financing, capital, and advisory services to Canadian small and mid-sized businesses. Highly comparable as a federal Crown corporation supporting Canadian industrial and technology-based businesses through direct capital deployment.
• NRC Industrial Research Assistance Program (IRAP): A flagship Canadian federal program providing advisory services and funding to Canadian technology-based small and medium-sized businesses. Directly comparable as a government-administered fund targeting the same industrial and technology SME base as SIF.

Broad incumbents

• Canada Infrastructure Bank: A Canadian federal Crown corporation investing in revenue-generating infrastructure projects. Comparable as a federally owned investment vehicle using patient capital to crowd in private investment, though operating in a different sector (infrastructure).
• European Innovation Council (EIC): A European Union program providing grants and equity investment to deep-tech and innovation-driven SMEs. Comparable as a supranational government fund supporting high-growth technology and industrial innovation, although regionally distinct.
• Export Development Canada (EDC): A Canadian Crown corporation providing trade financing, insurance, and investment support to Canadian exporters and investors. Comparable as a federal Crown financial institution backing Canadian businesses, though focused on trade/export rather than domestic innovation.
• U.S. Small Business Innovation Research (SBIR) Program: A U.S. federal program providing non-dilutive funding to small technology and innovation businesses. Comparable as a national government grantmaking program targeting technology-based SMEs, although administered across multiple U.S. agencies.

Regional players

• PrairiesCan: A Canadian federal regional development agency supporting economic growth and innovation in the Prairie provinces. Comparable as a federal instrument delivering financial support to businesses in a defined Canadian geography, complementing SIF's national mandate.

Market position

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments39 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strategic Innovation Fund