Fundraising FoxStrategic Innovation Fund
Government fundOttawa · Series A
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Investment thesis
The SRF supports large-scale, transformative projects that build economic resilience across key Canadian sectors such as steel, aluminum, automotive, forest products, critical minerals, aerospace, cleantech, biomanufacturing, life sciences, and AI. It focuses on three priorities: tariff response to help industries recover from U.S. tariffs, innovation through large-scale R&D and commercialization, and expanding AI compute infrastructure. Funding aims to help businesses modernize operations, invest in R&D, diversify into new markets, attract large-scale investments, collaborate with research institutions, and build workforce skills, ultimately protecting jobs and strengthening Canada's domestic capacity and global competitiveness.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 1 of 3 portfolio companiesDeep Tech ×1Hardware ×1Semiconductors ×1
HQs:Canada×1
Investments · 3 tracked
founders shown can be your intro path
Received $40 million in SRF funding to advance Canada's 5G research and development and digital infrastructure using AI/ML.
Fredrik IdestamLeo Mechelin
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
IBM Canada
Exits · 1
1 IPOsNokiaNYSE: NOK
Portfolio news
latest coverage across their companiesC2MI · c2mi.ca · Jul 16, 2026
Frequently asked questions
- What stage does Strategic Innovation Fund invest at?
- Strategic Innovation Fund invests at the Series A stage.
- What sectors does Strategic Innovation Fund focus on?
- Strategic Innovation Fund focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Cleantech, Deep Tech, New Materials, Semiconductors, Space Tech.
- Where is Strategic Innovation Fund located?
- Strategic Innovation Fund is headquartered in Ottawa, CA.
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