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Government of Canada, Innovation, Science and Economic Development Canada
Help for companies in sectors exposed to tariff impacts
Helps Canadian businesses adapt and diversify into new markets. Provides funding for projects that strengthen operations and attract investment.
Provides major investments in innovative projects to grow Canada's economy. Offers repayable and non-repayable contributions for business innovation, growth, investment attraction, or collaborative network projects. Includes specific funding to help businesses affected by U.S. tariffs (Canada Strong Diversification Fund) to pivot operations or maintain capital, with Stream 2 funding requests typically between $5M and $30M. Projects must have at least $20M in total costs for a minimum $10M SRF contribution. Advisory services through consultations are also provided.
Business Size: small, medium, large
Industries: key sectors affected by U.S. tariffs (e.g., steel, aluminum, automotive, forest products, various manufacturing sectors, food & beverage, textiles), innovation-focused sectors (e.g., critical minerals, aerospace, cleantech, biomanufacturing, life sciences, AI and advanced technologies), all sectors of the economy with focus on innovation and economic resilience
Region: Canada
Demographics: Indigenous organizations (as part of collaborative partnerships)
Revenue Range: From $20M
Other Criteria: Must be incorporated or registered in Canada (for-profit, not-for-profit, co-ops, industry-led consortia, collaborative partnerships), Carrying out business in Canada, Minimum 10 full-time equivalent (FTE) employees (for Stream 2, implied for SRF general eligibility), Minimum annual average of $5 million in capital expenditures (CAPEX) over the most recent three fiscal years (for Stream 2), Demonstrate direct or indirect impact of U.S. Section 338 tariffs (for Canada Strong Diversification Fund streams), Project costs must be at least $20 million, Ability to provide financial statements for the past 3 years (or all years of operation if less than 3), Hold necessary Intellectual Property (IP) rights for the project or have the potential to develop and commercialize new IP in Canada, Willingness to enter a long-term Contribution Agreement with the Government of Canada (can span 20+ years), Secured or intend to secure a significant portion of required project funds within 6 months, Project aligns with Business Innovation, Investment Attraction and Growth (TRLs 1-9) or Innovation Ecosystems (TRLs 1-9) priorities, Project must generate benefits for Canadians including job creation, R&D, capital investments, GHG reductions, gender/diversity equity, and maintaining IP ownership in Canada
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This program is available to small, medium, large businesses in key sectors affected by U.S. tariffs (e.g., steel, aluminum, automotive, forest products, various manufacturing sectors, food & beverage, textiles), innovation-focused sectors (e.g., critical minerals, aerospace, cleantech, biomanufacturing, life sciences, AI and advanced technologies), all sectors of the economy with focus on innovation and economic resilience industries located in Canada.
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