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.
“Working together toward global leadership in research for a better Canada”
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.
With the 2020 Innovation Fund call for proposals, we are launching the first Innovation Fund competition under our new funding model.
The objectives of the 2020 Innovation Fund are to:
- Enable global leadership by supporting world-class research or technology development.
- Enhance and optimize the capacity of institutions and research communities to conduct the proposed research or technology development program(s).
- Lead to social, health, environmental and/or economic benefits for Canadians.
The CFI will invest up to $400 million in research infrastructure funding and will fund up to 40 percent of a project’s eligible infrastructure costs. The CFI will provide up to $120 million for associated operating costs through the Infrastructure Operating Fund.