SRF — Business Innovation and Growth projects

Large-scale innovation projects often stall at the point where promising technology needs serious capital to move from concept to commercial reality. For Canadian companies planning transformative investments, the Strategic Response Fund’s Business Innovation and Growth projects stream offers a way to finance ambitious R&D, commercialization, and expansion initiatives that can reshape markets and strengthen domestic capacity. Delivered by Innovation, Science and Economic Development Canada, this national program is geared toward substantial projects with significant economic impact, typically involving investments starting around the $10 million range and above.

This stream is well suited for established for-profit businesses and cooperatives pursuing advanced research, scaling up manufacturing, or expanding industrial and technological facilities in Canada. Projects can range from testing and adapting early-stage technologies for commercial use, to improving existing products through new technologies, to expanding production capacity in response to proven market demand. Support is provided as a repayable contribution, reflecting the program’s focus on commercially viable projects that can drive long-term growth, productivity, and job creation. Companies are expected to manage their projects closely, demonstrate clear benefits to Canada, and retain the intellectual property needed to fully realize the outcomes of their work.

Applications are currently being accepted on an ongoing basis, making timing and project readiness especially important. For businesses considering a major innovation or expansion initiative, exploring the full details through GrantHub can help clarify whether this high-impact funding opportunity aligns with your strategic plans.