Innovation Canada Strategic Response Fund

The Strategic Response Fund (SRF) helps Canadian industries innovate, adapt and compete in a changing global economy by supporting large-scale, transformative projects that build economic resilience, strengthen supply chains and protect good jobs in key sectors such as steel, aluminum, automotive, forest products, AI and advanced technologies. The SRF continues to support existing commitments, while providing assistance to Canadian businesses facing trade disruptions, tariff pressures and other economic challenges. Key Investment Priorities The SRF supports projects across three main priorities that reflect Canada's industrial and economic goals: ▪ Tariff relief: Canada Strong Diversification Fund Funding to help Canada's key industries respond to U.S. tariffs, strengthen resilience, maintain operations and modernize capital investments. ▪ Innovation Support for large-scale R&D and innovation projects in key sectors including critical minerals, aerospace, cleantech, biomanufacturing and life sciences ▪ AI Compute Challenge Investment in Canada's artificial intelligence infrastructure to expand compute capacity, boost competitiveness and drive commercialization Requirements For All Projects SRF focuses on funding innovative projects that comply with the following requirements: ▪ Benefits for Canada Major benefits that SRF-funded projects provide to Canada, including benefits for the economy, the public and the future through innovation. ▪ Key investment priorities Areas of investment priorities as outlined in the Government of Canada's annual budget. ▪ Project costs Project-related costs that are eligible or ineligible for SRF support. ▪ Funding amounts and conditions SRF contribution amounts, repayment conditions and other government assistance. ▪ Terms and agreements The creation of a successful project's Term Sheet and Contribution Agreement. ▪ Reporting Reporting requirements during the project, throughout the project life cycle and after completion of the project.