Organization: Science and Economic Development Canada

Strategic Innovation Fund producing “significant benefits” for Canadians, ISED says

Research Money asked Innovation, Science and Economic Development Canada (ISED) to respond to four questions about criticisms of the Strategic Innovation Fund (SIF) program. In response, ISED says SIF is producing “significant benefits” for Canadians, including new jobs created, co-op placements and investment in R&D and new technologies.

Oil and gas innovation network has yet to spend $80 million of federal funding for cleaner technologies

A pan-Canadian oil and natural gas innovation network has yet to spend the bulk of $100 million of federal funding on commercializing new, cleaner technologies, two years after Ottawa announced the funding and seven months after a contribution agreement was signed. The Clean Resource Innovation Network, which aims to produce the world’s cleanest hydrocarbons, plans to announce details of its planned three technology competitions by end of March 2021.