Ottawa opens $1.26B innovation fund to all industrial sectors

The fund was announced in the 2017 federal budget and allocates the money over five years to support research and development and the scale-up of high-potential companies

via Canadianmanufacturing.com

HAMILTON, Ont.—The federal government is broadening the scope of its $1.26-billion fund to support innovation-related business investments to include companies from all industrial sectors.

Economic Development Minister Navdeep Bains will be in Hamilton later today to announce that Ottawa’s so-called strategic innovation fund will no longer be restricted to just a handful of sectors in Canada.

The fund was announced in the federal budget and designed to allocate the money over five years to support research and development, the scale-up of high-potential companies and efforts to attract investment to Canada.

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About Crissy Wright

Crissy Wright is the Community Facilitator at the Manufacturing Innovation Network (MIN).

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