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ARTICLE · 26 APRIL 2021

Investments In Technology And The Canadian Innovation Ecosystem

Fogler, Rubinoff LLP
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On April 19, 2021, the federal government released the 2021 Budget: A Recovery Plan for Jobs, Growth, and Resilience. The Budget proposes significant spending measures to stimulate the economy...

CanadaTechnology
Colleen Spring Zimmerman
Colleen Spring Zimmerman
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On April 19, 2021, the federal government released the 2021 Budget: A Recovery Plan for Jobs, Growth, and Resilience. The Budget proposes significant spending measures to stimulate the economy, including more than $101 billion over the next three years.

In this article, we highlight certain spending measures and new programs that the government has introduced for the purpose of encouraging innovation, sustainability and competition in the Canadian marketplace.

Investing in Technology, Innovative Industries and Intellectual Property

  • $7.2 billion over the next seven years for the Strategic Innovation Fund, which will encourage investment in the life sciences, automotive, aerospace and agriculture sectors (part of this funding will be allocated to the Net Zero Accelerator).

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