Innovation for a better Canada
Innovation and Skills Plan
The Strategic Innovation Fund is a $1.26-billion investment in Canadian innovation.
Innovation happens in every sector of the economy. We want to encourage collaboration between the public and private sectors, accelerate R&D and bring your innovations to market faster. We want to help you attract large-scale investments to Canada, create more middle-class jobs for Canadians and scale up to become globally competitive.
The Strategic Innovation Fund is designed to reflect the diversity of innovative sectors that exist in Canada. It is an investment in jobs, skills training and new opportunities for Canadians.
Now that's innovation for a Better Canada.
We are committed to a Better Canada for all of us.
For companies, researchers and not-for-profits, it means access to more markets and more of the capital you need to do R&D, commercialize, scale up and go global.
For all Canadians, it means more skills, more well-paying middle-class jobs and more choices in the marketplace. It means growth and a better future for you, for your family and for all Canadians.
Our Strategic Innovation Fund aims to make this a new reality for Canada.
Are you a business owner or part of a network of academic institutions, not-for-profit organizations and/or for-profit organizations?
Do you work on cutting-edge products, services or processes in leading and emerging industries?
Then we want to give you the chance to grow, expand and succeed on a global scale.
We are building a better Canada so that everyone has the jobs,
skills and learning to solve global challenges and strengthen communities.
An innovative and prosperous Canada for you, for your children and for all of us—
that's innovation for a better Canada.
And we've already started creating better jobs, better skills and better learning opportunities:
Digital skills training to prepare our youth for jobs of the future
Faster processing times for work permits to help companies access global talent
Growing businesses into globally successful brands
Strengthening the foundations of Canadian research
Free trade for a Better Canada
$2B to accelerate infrastructure projects at colleges and universities
Bringing high-speed Internet for Canadians in rural and remote communities
Supporting greater diversity and inclusion in Canadian universities
Keeping businesses competitive in low-carbon economy
$17.6M investment to expand Canada's leadership in satellite tech
Better positioning Canada to create jobs and compete globally
$50M to help businesswomen access capital
$3.15M in support Indigenous Tourism businesses
Innovation Success Stories
It's already happening
It all started with a question:
How can we make Canada more innovative?
And, Oh Canada, did you answer…
We enlisted 10 engagement leaders to represent every sector of society—from the business community to universities and colleges, the not-for-profit sector, social entrepreneurs and Indigenous business leaders—because we can only do better together.
Senior Vice-President, Natural Resources, Industries and Consumer Goods at Fonds de solidarité FTQ
President and Vice-Chancellor of the University of Calgary
Chief Innovation Consultant at The Pivotal Point
Distinguished visiting professor at the University of Toronto
Co-founder and CEO of Blockstream
Director of Entrepreneurship at Simon Fraser University
Executive Director and CEO of the Global Institute for Food Security
Founder of Brookmere Management Group
CEO of MaRS Discovery District
Co-founder and CEO of Sequence Bio
Conversations across Canada
From Whitehorse to St. John's, our engagement leaders brought
400 of you to 28 roundtables.
It started with one question: "How can we make Canada more innovative?" We focused your answers into six areas of action. See what you had to say.
In the end, you visited, tweeted, emailed, called and posted over 119,000 times.
And it all comes down to this…
You've told us you want to see innovation for a better Canada.
We've reviewed all your ideas and focused them into three priority areas to spur innovation:
You told us we need better ways for more Canadians to get the skills the global economy demands.
- Helping young Canadians build coding and other digital skills
- Encouraging Canadians to develop science, tech, engineering and math (STEM) skills to prepare them for the jobs of tomorrow
- Making sure that we have diverse Canadians represented in STEM fields
- Developing our own talent, attracting international talent, and keeping it all here in Canada
You told us we can do better in harnessing emerging tech that would create industries and jobs that never existed before as well as reinvigorate existing ones.
- Encouraging breakthroughs in science and tech that will enhance the well-being of all Canadians
- Creating and supporting globally competitive innovation networks and clusters that will benefit Canada and the middle class
- Taking more risks and sponsoring "moon shots" to keep Canada at the forefront of advancing science and tech
You told us we can do better in encouraging more Canadians to start and grow companies that are competitive in the global economy.
- Improving access to capital that will allow Canadian companies to grow and scale up
- Leveraging the Government of Canada's buying power to support innovative companies
Here's the latest
- Tab 1: Minister of Innovation Science and Economic Development Canada
- Tab 2: Minister of Innovation Science and Economic Development Canada
- Tab 3: Minister of Innovation Science and Economic Development Canada
- Tab 4: Minister of Innovation Science and Economic Development Canada
- Tab 5: Minister of Innovation Science and Economic Development Canada
The Strategic Innovation Fund is an investment in jobs and skills development for Canadians. It will equip them with the skills needed for middle-class jobs now and into the future.
Young Canadians from all backgrounds and every part of the country have the opportunity to learn to code and get the digital skills they need to invent the jobs of the future.
Our newly-launched historic superclusters initiative will create well-paying middle-class jobs and help grow the economy.
The Government of Canada is committed to maintaining and creating good middle-class jobs, growth and long-term prosperity by keeping Canada's automotive manufacturing sector globally competitive and innovative.
Ready to innovate? We can help.
For more services for business, visit Canada Business.
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