ARTICLE · 23 MAY 2017

Strategic Innovation Fund: 2017 Federal Budget To Boost Innovation

Grant Thornton

Explore more from Grant Thornton

Experience shows that investment in innovative high-growth sectors helps to drive global competitiveness and sustainable economic growth.

CanadaGovernment, Public Sector

Author LinkedIn connections

The Canadian economy

Experience shows that investment in innovative high-growth sectors helps to drive global competitiveness and sustainable economic growth. Canada's 2017 federal budget aims to encourage further research and development (R&D), with the government committing to make Canada a centre for global innovation. Already, Canadian businesses invest over $15B annually on R&D of new products and processes.¹ The budget hopes to boost that investment by introducing measures to fund superclusters, develop the Venture Capital Catalyst Initiative and create a Strategic Innovation Fund—a fund designed to increase access to various sector- and segment-specific innovation programs by consolidating them into one all-encompassing fund.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Bike Lanes And The Charter: Who Really Decides? (Podcast)

CanadaGovernment, Public Sector

Gardiner Roberts LLP

Tariff Supports For Manitoba Employers And Businesses

CanadaGovernment, Public Sector

Supply And Command: Canada Moves To Overhaul Defence And National Security Procurement

CanadaGovernment, Public Sector

Federal Court Of Appeal Concludes UNDRIP Legislation Does Not “Immediately Implement” UNDRIP

CanadaGovernment, Public Sector

Blake, Cassels & Graydon LLP

Federal Court Of Appeal Reverses Decision On UNDRIP And Consultation

CanadaGovernment, Public Sector

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Government, Public Sector
- Inward/ Foreign Investment

See more popular content from

Government, Public Sector

New Act Respecting Contracting By Municipal Bodies: How To Secure Your Bids

Effective April 1, 2026, Quebec's Act respecting contracting by municipal bodies fundamentally transforms how municipal contracts are awarded, moving beyond the traditional lowest-price model to embrace qualitative evaluation criteria including environmental practices, life cycle costs, and contractor performance history. Municipal bodies now have eight award procedures to choose from, along with new pre-tender processes that can limit competition to prequalified enterprises. Contractors must adapt their te

CanadaGovernment, Public Sector

BCF Business Law

Change Order: Canada’s Spring Economic Update 2026 Sets A New Federal Infrastructure Agenda

On April 28, 2026, the federal government released Canada’s Spring Economic Update 2026 (the “ Update ”), continuing the “Build Canada Strong” agenda first set out in Budget 2025.

CanadaGovernment, Public Sector

Built To Move: Ontario Accelerates Infrastructure Delivery In The 2026 Budget

For infrastructure sponsors, lenders, contractors, institutional investors and Indigenous partners, the implications are less about the size of the pipeline—already well understood—and more about how projects will be advanced, financed and de-risked in practice.

CanadaGovernment, Public Sector

Building Canada: Investing In Major National Projects

Canada is experiencing a surge in infrastructure investment driven by streamlined regulatory approvals, enhanced government financing mechanisms, and growing demand for energy and digital infrastructure. This guide examines the evolving legal and regulatory landscape that foreign investors must navigate to successfully structure, finance, and develop major projects across the country.

CanadaGovernment, Public Sector

Blake, Cassels & Graydon LLP

Court Of Appeal For Ontario Clarifies Test For Leave To Appeal From Divisional Court

In Knauff v. Ontario (Human Rights Tribunal), 2026 ONCA 653, a five-judge panel of the Court of Appeal for Ontario revisited the test governing motions for leave to appeal from decisions of the Divisional Court.

CanadaGovernment, Public Sector

McCarthy Tétrault

Building Momentum: Canada Advances Major Projects Under The Building Canada Act

The federal government has published notices proposing to add the Mackenzie Valley Highway and Roberts Bank Terminal 2 to Schedule 1 of the Building Canada Act as projects of national interest. These potential listings, following a similar notice for the West Coast Oil Pipeline, provide the first practical indications of how the government may use the Act to advance major infrastructure projects through streamlined federal approvals while maintaining Indigenous consultation and environmental assessment requ

CanadaGovernment, Public Sector

Bill C-39 Introduced: What The Building Canada Strong Act Could Mean For Major Project Approvals

On September 21, 2026, the federal government introduced Bill C-39, the Building Canada Strong Act. It is the latest and most comprehensive instalment in a series of federal reforms that began in 2025 with the Building Canada Act and the creation of the Major Projects Office.

CanadaGovernment, Public Sector

Permit Me To Explain: Bill C-39’s Plan To Build Canada Faster

The Canadian government has introduced Bill C-39, the Building Canada Strong Act, proposing to compress federal project approval timelines from five years to one year through consolidated permitting and streamlined processes. The legislation also modernizes transportation infrastructure through National Trade Corridors and reforms labour relations by strengthening collective bargaining while clarifying ministerial powers to intervene in work stoppages.

CanadaGovernment, Public Sector

Buying Quebec, Buying Canadian: What The New Orders In Council 1358-2026 And 1359-2026 Mean For Procurement

Under Order in Council 1358-2026, the Québec government authorizes, from September 7, 2026 to January 31, 2027, the Centre d'acquisitions gouvernementales (the “CAG”) to depart from the general principle that public calls for tenders must be open and without discrimination to foreign suppliers from jurisdictions bound by an intergovernmental agreement with Québec.

CanadaGovernment, Public Sector

Legislative Update Report No. 2026-14 Le Bulletin d’actualités législatives

This comprehensive legislative update covers recent regulatory changes, proclamations, and proposed regulations across Canada's federal government and all provinces and territories.

CanadaGovernment, Public Sector

Osler, Hoskin & Harcourt LLP