Canada Funds Tech And Research Growth Across 5 Industries

OTTAWA — The Government of Canada is providing additional funding to five Strategic Innovation Fund (SIF) networks to support emerging technology sectors and small and medium-sized enterprises (SMEs).

• Canadian Food Innovation Network (CFIN): $8.6 million to advance food processing and production technologies. Since 2021, CFIN-funded companies have created 350 jobs and secured $21 million in private investment.
• Canadian Agri-Food Automation and Intelligence Network (CAAIN): $8 million to enhance productivity in agriculture through automation and AI. Since 2019, CAAIN has helped create 500 jobs and leveraged $67.6 million in private investment.
• Clean Resource Innovation Network (CRIN): $10 million to support technologies reducing the environmental impact of oil and gas. Since 2020, CRIN has created 200 jobs and attracted $150 million in private investment.
• Natural Products Canada (NPC): $5 million to drive innovation in the bioeconomy. Since 2021, NPC has created 130 jobs and leveraged nearly $15 million in private investment.
• Mining Innovation Commercialization Accelerator (MICA): $5 million to modernize mining and strengthen supply chains. Since 2021, MICA has created 435 jobs and mobilized $170 million in private investment.

“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. 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. We are positioning Canada as a global economic leader and paving the way for success for generations to come,” said François-Philippe Champagne, innovation minister.

“Investing in innovation means investing in good jobs, economic growth, and a more competitive Canada. This additional funding for Strategic Innovation Fund networks will strengthen key industries, drive technological advancements, and create new opportunities for businesses and workers across the country. By supporting collaboration between businesses and research institutions, we are equipping Canadian innovators with the tools they need to lead globally in clean tech, agri-food, mining, and beyond,” said MP Marc G. Serré.