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Program directory · Innovation, Science and Economic Development Canada

Business Innovation

Program code
BNP01 (ISC)
Core responsibility
Companies, Investment and Growth
In Departmental Plans
2018-19 – 2026-27 · New since an earlier plan

What it does

The Business Innovation program makes it easier for Canadian businesses to access the support they need to research, develop and commercialize innovative processes and products. It ensures Government of Canada innovation programs are cohesive and responsive to the needs of innovators. The Program administers the Strategic Response Fund (SRF) (replacing the Strategic Innovation Fund (SIF)), which is designed to support large-scale innovation and technology development, as well as projects that enable Canadian firms to adapt to tariff pressures, diversify markets and drive long-term industrial transformation. It also delivers the following programs: Accelerated Growth Service, to facilitate the growth of Canadian small and medium sized enterprises by providing client-centric, better-coordinated service delivery across the federal government; Business Benefits Finder, a “one-stop-shop” for innovators and entrepreneurs to find and access programs easier and faster; Innovative Solutions Canada to provide small and medium sized enterprises with an opportunity to develop and validate their research and development in a government environment to support the scale-up, commercialize and export made-in-Canada intellectual property; Global Innovation Clusters, to build supportive ecosystems and co-invest in collaborative technology projects that help Canadian firms scale and position Canada as a global leader; and Cyber Security Innovation Network. The program supports the following departmental results: “Canadian businesses and industries are innovative and growing,” “Canada has a clean and sustainable economy,” and “People and communities from all segments of Canadian society participate in the economy”.

Source: the department's Program Inventory, via GC InfoBase.

History and lineage

First appears in GC InfoBase's actual spending by program in 2018-19. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).

2018-192019-202020-212021-222022-232023-242024-252025-262026-272027-282028-29Business Innovation 2018-19: $564MBusiness Innovation 2019-20: $600MBusiness Innovation 2020-21: $728MBusiness Innovation 2021-22: $1.04BBusiness Innovation 2022-23: $1.43BBusiness Innovation 2023-24: $2.1BBusiness Innovation 2024-25: $2.35BBusiness Innovation 2025-26: $5.09BBusiness Innovation 2026-27: $6.14BBusiness Innovation 2027-28: $7.15BBusiness Innovation 2028-29: $6.97BBusiness InnovationInnovation in BusinessBusiness Innovation
Bars: spending by fiscal year (dark: actual; light: actual restated on the 2017-18 program structure; outlined: the latest plan's forecast; grey: related programs). Bands: each program in the lineage over the years it has data. The line at the bottom shows this program's names over time.
ProgramRelationYears with dataActual spending over those years
Business InnovationThis program2018-19 – 2028-29$8.81B

No earlier or later program in the same department has a similar name.

Significant changes in scope and budget

Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.

YearWhat changedSource
2019-20Employees (FTEs) 182, against 131 in 2018-19 (+39%).FTEs (GC InfoBase)
2020-21Employees (FTEs) 225, against 182 in 2019-20 (+24%).FTEs (GC InfoBase)
2021-22Employees (FTEs) 601, against 225 in 2020-21 (+167%).FTEs (GC InfoBase)
2021-22Indicators added: Number of anchor firms (in targeted areas)Departmental Results Framework (GC InfoBase)
2021-22Indicators dropped: Number of high growth firms supported by ISED programsDepartmental Results Framework (GC InfoBase)
2021-22Renamed from “Innovation in Business” to “Business Innovation”.GC InfoBase program names by year
2021-22Spending $1.04B, against $728M in 2020-21 (+43%).Actual spending (GC InfoBase)
2022-23Employees (FTEs) 759, against 601 in 2021-22 (+26%).FTEs (GC InfoBase)
2022-23Indicators added: Average number of partner organizations (large businesses, SMEs, academic/research institutions, governmental/non-governmental organizations) collaborating to advance innovation projects, per projectDepartmental Results Framework (GC InfoBase)
2022-23Indicators dropped: Number of anchor firms (in targeted areas)Departmental Results Framework (GC InfoBase)
2022-23Spending $1.43B, against $1.04B in 2021-22 (+37%).Actual spending (GC InfoBase)
2023-24Spending $2.1B, against $1.43B in 2022-23 (+47%).Actual spending (GC InfoBase)
2025-26Planned spending $5.09B, against $2.35B in 2024-25 (+117%).Latest Departmental Plan
2026-27Planned employees (FTEs) 941, against 682 in 2025-26 (+38%).FTEs (GC InfoBase)
2026-27Indicators added: Percentage of Department-funded projects with a clean technology component that have successfully completed their work phaseDepartmental Results Framework (GC InfoBase)

Success criteria

The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.

Historical: targets against results

Average number of partner organizations (large businesses, SMEs, academic/research institutions, governmental/non-governmental organizations) collaborating to advance innovation projects, per project
Expected result: Private, public sector and academic organizations collaborate to promote innovation
3.532023-24✓ met

Bars: result reported. Dashed line: target.

Report yearTargetDueResultStatus
2022-23At least 1,500 partner organizations (with minimum of two partners per project)20231591Met
2023-24≥ 220243.53
2 (ISC) 5.06 (GIC)
Met
2024-25Global Innovation Cluster (GIC): At least 4 per Innovation Canada collaborative project Strategic Innovation Fund (SIF): At least 3.5 per project Innovative Solutions Canada (ISC) : At least 2 per project2025GIC: 5.17 SIF: Average of 1.4 Ultimate Recipients per project ISC: Average of 2 partners per project Average: 2.8 (partner organizations per Innovation Canada collaborative project)Met

Current: the 2026-27 plan's targets

Average number of partner organizations (large businesses, SMEs, academic/research institutions, governmental/non-governmental organizations) collaborating to advance innovation projects, per project
Expected result: Private, public sector and academic organizations collaborate to promote innovation
Report yearTargetDueResultStatus
2026-27Global Innovation Cluster (GIC): At least 4 partner organizations per Innovation Canada collaborative project Strategic Response Fund (SRF): At least 3.5 per collaborative project Innovative Solutions Canada (ISC) : At least 5 partner organizations per Innovation Canada project.2027—Planned
Percentage of Department-funded projects with a clean technology component that have successfully completed their work phase
Expected result: Private, public sector and academic organizations collaborate to promote innovation
5.8%2026-27

Bars: result reported. Dashed line: target.

Report yearTargetDueResultStatus
2026-27≥ 5.8%2027—Planned

Future goals: targets due after 2026-27

No targets with a later due date.

Spending and employees: planned against actual

Spending

2018-19: $595M2018-19: $564M2018-192019-20: $787M2019-20: $600M2019-202020-21: $898M2020-21: $728M2020-212021-22: $1.47B2021-22: $1.04B2021-222022-23: $2.15B2022-23: $1.43B2022-232023-24: $2.76B2023-24: $2.1B2023-242024-25: $3.29B2024-25: $2.35B2024-252025-26: $5.09B2025-262026-27: $6.14B2026-272027-28: $7.15B2027-282028-29: $6.97B2028-29
Outlined bar: planned in that year's Departmental Plan (dashed: the latest plan, for years not yet reported). Filled bar: actual.
Show the numbers
Fiscal yearPlannedActual
2018-19$595M$564M
2019-20$787M$600M
2020-21$898M$728M
2021-22$1.47B$1.04B
2022-23$2.15B$1.43B
2023-24$2.76B$2.1B
2024-25$3.29B$2.35B
2025-26$5.09B—
2026-27$6.14B—
2027-28$7.15B*—
2028-29$6.97B*—

Employees (FTEs)

2018-19: 592018-19: 1312018-192019-20: 1382019-20: 1822019-202020-21: 1622020-21: 2252020-212021-22: 3632021-22: 6012021-222022-23: 7022022-23: 7592022-232023-24: 7972023-24: 8132023-242024-25: 8342024-25: 7862024-252025-26: 6822025-262026-27: 9412026-272027-28: 9422027-282028-29: 8762028-29
Outlined bar: planned in that year's Departmental Plan (dashed: the latest plan, for years not yet reported). Filled bar: actual.
Show the numbers
Fiscal yearPlannedActual
2018-1959131
2019-20138182
2020-21162225
2021-22363601
2022-23702759
2023-24797813
2024-25834786
2025-26682—
2026-27941—
2027-28942*—
2028-29876*—

Planned spending, plan by plan

Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans

Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.