The Innovation Fund provides investments in infrastructure, across the full spectrum of research, from the most fundamental to applied through to technology development. Projects funded through the Innovation Fund will help Canada remain at the forefront of exploration and knowledge generation while making meaningful contributions to generating social, health, environmental and economic benefits and addressing global challenges.
Our newly established model of permanent funding allows us to provide Innovation Fund competitions at regular intervals of 24 to 30 months. These regular competition intervals will allow institutions to plan strategically and to propose mature projects, while continuing to develop promising ones for future competitions.
We know that institutions start preparing for our national flagship competition well in advance of the publication of the draft call for proposals. With that in mind, we have put together some key information, including institutional envelopes, the competition timeline, and a high-level description of the changes to the assessment criteria that will allow you to think ahead and plan strategically for the 2023 Innovation Fund competition.
We expect to publish a draft call for proposals in October 2021.