Government Grant, Loan, Repayable Contribution
Strategic Response Fund (SRF)
The Strategic Response Fund (SRF) helps Canadian industries innovate, adapt and compete in a changing global economy. The SRF supports 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.
- 4.5/5.0
- Innovation, Science and Economic Development (ISED)
- All levels
- Last updated 2 days ago
- English
Description
The Strategic Response Fund (SRF) helps Canadian industries innovate, adapt and compete in a changing global economy. The SRF supports 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 supports innovation and industrial transformation by helping businesses:
- modernize operations and adopt new technologies to boost productivity and competitiveness
- invest in R&D to accelerate technology transfer and the commercialization of new products, processes and services
- diversify and expand into new markets to reduce reliance on vulnerable trade partners and strengthen domestic capacity
- attract and retain large-scale investments that drive industrial growth and job creation across Canada
- collaborate with research institutions and non-profit organizations to build innovation networks and share expertise
- build workforce skills and industrial capacity to support long-term business growth and competitiveness