Feds expand reach of $1.26B business innovation fund

HAMILTON, ON - The federal government is broadening its $1.26 billion business innovation fund to include companies from all industrial and technology sectors.Speaking Wednesday at an event in Hamilton, Innovation, Science and Economic Development Minister Navdeep Bains said that the Strategic Innovation Fund will now “attract and support high-quality business investments across all sectors of the economy”, and not just those named during an announcement earlier this year. The Strategic Innovation Fund allocates repayable and non-repayable contributions to firms of all sizes and will support four types of innovation activities: - research, development and commercialization of new products and services;- growth and...