Innovation, Science and Economic Development Canada (ISED) recently launched the Innovation Superclusters Initiative, which will allocate a small number of high-value, strategic investments in the form of non-repayable contributions to industry-led consortia. Contributions will normally be between $125–$250 million, for a total of up to $950 million, by March 31, 2022, and will be matched with private sector investment for maximum impact.
Applications for funding under the program must be submitted by either a Canadian company or an international company with operations in this country that is leading the consortium. The application process consists of two phases. The first phase involves submitting a letter of intent by July 21, 2017. From there, a shortlist of applicants will be invited to prepare a full application.
Letters of intent must include letters of commitment from at least five organizations:
- Four private-sector enterprises, including:
- Two large firms (500 employees or more)
- One medium firm (100-499 employees)
- One small firm (1-99 employees)
- One post-secondary institution (e.g., university, college, polytechnic)
Successful proposals will be evaluated based on their strategy for creating and growing new companies, creating jobs that require advanced skill sets, equipping Canadians with the knowledge and skills for the jobs of the future, attracting private investment and generating meaningful economic activity that leads to prosperity for Canadians.
An application form, applicant guide and program guide are available online.
Interested stakeholders are encouraged to attend one of the information sessions ISED is hosting across Canada and online between May 30 and June 12, 2017. Register for the sessions at: https://www.ic.gc.ca/eic/site/093.nsf/frm-eng/PXIG-ALYN8T