$1.26-billion Strategic Innovation Fund questioned by industry groups

One innovation advocacy group said the fund, which offers money to businesses of all economic sectors, may be ineffective if difficult applications processes and high taxes work against businesses, while a taxpayers advocacy group is worried it amounts to 'corporate welfare.'

Innovation Minister Navdeep Bains, who announced the Strategic Innovation Fund in July, said both internal and third parties will assess the funding applications. The Hill Times photograph by Andrew Meade

News

BY JOLSON LIM

October 2, 2017

The Liberal government’s billion-dollar Strategic Innovation Fund, a pool of funding companies can tap for business-related investments, is an “acceptable vehicle” of spurring innovation, but it's “washed out" by contradictions in tax policy and the "failure to...

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Tuesdays: Innovation & Industry Newsletter

The policies, decisions, and people working on investment and regulation in the industry and innovation realm.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy