Managed by Innovation, Science and Economic Development Canada (ISED), the Strategic Response Fund (SRF) supports large-scale transformative projects and addresses key market gaps, positioning Canada's industry to compete globally and build lasting resilience. The SRF provides investment in areas of strategic industrial advantage for Canada's long-term economic resilience and industrial future. The SRF replaces the Strategic Innovation Fund (SIF), building on its mandate of de-risking large-scale innovation and growing domestic AI compute capacity through the AI Compute Challenge, to include an expanded scope to support firms significantly and adversely impacted by U.S. tariffs. The program focuses primarily on projects larger than $20 million, for contributions of $10 million and above, to ensure federal investments drive large-scale impact and meaningful industrial transformation.
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