The federal government is making a strategic push to strengthen Canada’s innovation ecosystem, investing in industries that have already shown strong potential for growth and job creation.
Announced by former Innovation Minister François-Philippe Champagne, five business-led networks will receive additional funding from the Strategic Innovation Fund (SIF) to attract large-scale investments, help small and medium-sized enterprises (SMEs) scale, and bolster Canada’s competitiveness in emerging technologies.
(Note: François-Philippe Champagne served as minister of innovation, science and industry under Prime Minister Justin Trudeau, who resigned from his position in January. Champagne has been appointed minister of finance under the new Prime Minister Mark Carney, while Anita Anand takes over the innovation, science and industry portfolio.)
“Our government has long valued the expertise of the private sector and research institutions, which is why we launched SIF to drive innovation and strengthen the Canadian economy,” Champagne said in a statement.
“By boosting investments in areas with a high performance record and with strong growth potential, we’re securing high-paying Canadian jobs and positioning our industries to thrive in the rapidly evolving technology landscape.”
Targeting high-growth sectors
Since its inception, SIF has committed nearly $1.1 billion to 14 networks across emerging technology sectors. These networks have leveraged more than $1.7 billion in additional funding, attracted 17,000 members, and funded nearly 650 collaborative projects.
The latest round of funding focuses on networks that have demonstrated impact and scalability:
- Canadian Food Innovation Network (CFIN) will receive $8.6 million to accelerate research and development in food processing and production technologies. Since 2021, CFIN-supported companies have created 350 new jobs and secured $21 million in private-sector investment.
- Canadian Agri-Food Automation and Intelligence Network (CAAIN) will receive $8 million to support AI-driven automation in agriculture, helping producers improve efficiency. Since 2019, CAAIN has backed the creation of more than 500 jobs and leveraged $67.6 million in investment.
- Clean Resource Innovation Network (CRIN) will receive $10 million to fund technologies aimed at reducing the oil and gas sector’s environmental impact. CRIN has already supported 200 jobs and attracted $150 million in private investment since 2020.
- Natural Products Canada (NPC) will get $5 million to advance biotechnology innovations that support human, animal, and plant well-being. Since 2021, NPC has helped create 130 jobs and leverage nearly $15 million in private investment.
- Mining Innovation Commercialization Accelerator (MICA) will receive $5 million to modernize mining operations, strengthen supply chains, and boost export sales. Since 2021, MICA has supported more than 435 jobs and mobilized $170 million in private investment.
According to Marc Serré, Parliamentary Secretary to the Minister of Energy and Natural Resources, this funding is about more than just dollars — it’s about strengthening Canada’s foothold in key industries and creating long-term opportunities:
“Investing in innovation means investing in good jobs, economic growth, and a more competitive Canada. This additional funding for SIF networks will strengthen key industries, drive technological advancements, and create new opportunities for businesses and workers across the country.”
Strengthening Canada’s innovation ecosystem
In addition to this latest funding, a wide range of networks in key emerging tech sectors are actively shaping Canada’s innovation landscape. For example, the Centre of Excellence in Next Generation Networks (CENGN) is helping to enhance digital connectivity; the Canadian Medical Isotope Ecosystem (CMIE), which plays a role in advancing medical treatments; and the Initiative for Sustainable Aviation Technology (INSAT), which is pushing for greener air travel.
The new funding aims to build on that momentum, ensuring Canada remains competitive in a rapidly evolving global economy. Whether in clean tech, advanced manufacturing, or life sciences, the goal is to turn promising research into commercial success stories — and create lasting economic opportunities along the way.
This article was created with the assistance of AI. Learn more about our AI ethics policy here.
