2023 Innovation Fund competition: By the numbers - March 2024

What were the objectives of the 2023 Innovation Fund competition? The objectives of the 2023 Innovation Fund competition were to: • Enable internationally competitive research or technology development through the equitable participation of expert team members • Enhance and optimize the capacity of institutions and research communities to conduct the proposed research or technology development pro. [...] Since recommendations from the MACs exceeded the available budget, the S-MAC recommended to the CFI Board of Directors the proposals that best supported the CFI’s mandate, met the objectives of the competition and represented the most beneficial portfolio of investments for Canada. [...] In the analyses shown in this report, the success rate is the number of awards versus the number of proposals submitted, and the funding rate is the amount awarded versus the amount requested. [...] The distribution of the amount awarded by region is similar to the results of the 2020 competition and aligns with the overall distribution of funding from the three federal research funding agencies. [...] 60% 55% 49% 50% 40% 33% 34% 30% 20% 10% 0% Success rate Funding rate English French 2023 Innovation Fund competition: By the numbers 12 What is the purpose of the Canada Foundation for Innovation’s Innovation Fund? What were the objectives of the 2023 Innovation Fund competition? What was the competition timeline and review process? What were the results of the competition? Results by size of inst.