Saskatchewan Advantage Innovation Fund

Introduction

The Saskatchewan Advantage Innovation Fund (SAIF), is a research and development funding program managed by Innovation Saskatchewan (IS). It is intended to support and accelerate commercialization of technological innovations in the province’s core economic sectors.

Through SAIF, IS provides non-repayable grants of up to $500,000 for approved projects proposed by a group of companies. To apply, please refer to the “Program Guidelines” downloadable below.

 

Target Sectors

Projects developing technologies relevant to the following sectors are eligible for funding:

  1. Mining
  2. Energy
  3. Agriculture
  4. Manufacturing
  5. Education
  6. Healthcare

 

Eligibility Criteria

All applications must meet the following criteria to be considered for funding:

  1. Proposed by a group of active private sector partners.
    • Active partner: participating in the project either through cash and/or in-kind contribution, equity investment, and/or letters of intent to purchase.
    • The lead proponent must be a private entity based in Saskatchewan.
    • Priority is given to proposals that also have an academic partner from a Saskatchewan university, polytechnic or research institute.
  2. Demonstrate how the technological innovation will benefit the sector, not just individual companies.
  3. Development of novel and innovative solutions.
  4. Demonstrate a feasible path to commercialization, benefits expected, and how those impacts will be sustained in the long-term.
  5. Industry partners providing half or more of the proposed project’s budget.

 

Intake Periods

Intakes for SAIF are held twice per fiscal year. Prospective applicants are to submit an expression of interest (EOI) before the deadline to be considered for funding in that period. Only selected applicants will be invited to submit full proposals.

In years where applicants exceed available funding, only proposals determined to be most strategically aligned with the province’s R&D priorities will be invited to submit full proposals. The number of grants approved per year will be based on budget availability.

Below are important dates for each intake periods:

Intake Period 1:

April 30 – Deadline for EOIs

May 31 – All invites for full proposals sent

July 31 – Deadline for full proposals

September 30 – Funding decisions made

 

Intake Period 2:

August 31 – Deadline for EOIs

September 28 – All invites for full proposals sent

November 30 – Deadline for full proposals

January 31 – Funding decisions made

 

For more information, please contact Kevin Chung at kevin.chung@innovationsask.ca or view Program Documents: