Canada Foundation for Innovation awards $552 Million in Global Innovation Funds To Canadian Universities, Hospitals & Research Groups

Belle II IR Construction, High Energy Accelerator Research Organization (KEK) in Japan. A Partnered Project with Canadian Universities such as McGill University, St. Francis Xavier University, University of British Columbia, University of Manitoba & University of Victoria (Image Source: Super KEKB).

 

British Columbian univresities accounted for 75 Million fundings for continuing research projects 

Canada Foundation for Innovation (Mar 13, 2026) (Sherbrooke, Quebec): Canada Foundation for Inovation (CFI) declared the list of Universities receiving the funds for the research projects across Canada. In this annoucement, University of British Columbia received $50 million (approx.), University of Victoria received $15 million, Simon Fraser University received $12 million were the Top British Columbian Universities who received funds for the ongoing and soon to be starting projects. 

The annoucement made by Karim Bardeesy (Parliamentary Secretary to Ministry of Industry) on behalf of Hon. Mèlanie Joly (Minister of Industry & Minister responsible for Canada Economic Development for Quebec Regions) announcing 92 research infrastructure projects at 32 higher education institutions in Canada. The total investment of $552 million includes the Infrastructure Operating Fund (IOF) $127 million as well. 

Tier-1 Data Center, ATLAS Detector, CERN (Source: CERN)

Amongst the receiving institutions is Univerity of Victoria (UVic) which has reportedly received 15 million (including IOF) for funding four of its major research projects that includes equipment and instrument upgrades to advance research releated to medical imaging, climate change, and the deep-sea floor. 

Lisa Kalynchuk (UVic Vice-President of Research & Innovation) said, "These investments will augment UVic’s world class research in clean energy, particle physics, climate science and ocean observation. New infrastructure acquired with this funding will accelerate advancements in these areas, equipping UVic researchers to broaden their impact as global leaders in their field."

The Hon. Mèlanie Joly (Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions) said, "Canada is focused on investing in researchers and innovators to advance bold scientific breakthroughs as we build the kind of scientific and academic powerhouse that drives the strongest economy in the G7. This investment through the Canada Foundation for Innovation will equip researchers with cutting-edge, world class facilities that strengthen Canada’s research infrastructure, accelerate discoveries, drive researchers to take their work to the next level and create new opportunities that will benefit Canadians across industries."

Karim Bardeesy (Parliamentary Secretary to Minister of Industry) said, "Canada’s universities and research institutions are at the forefront of tackling global challenges and creating new economic opportunities. By investing in world-class research infrastructure, we’re ensuring that innovators across the country have the tools they need to advance discovery, collaborate across sectors and help build a stronger, more resilient Canadian economy."

Sylvain Charbonneau (President & CEO, Canada Foundation for Innovation) said, "This significant investment through the CFI’s flagship Innovation Fund will help propel Canada forward by advancing innovation in areas critical to our future. By supporting state-of-the-art labs and equipment, this funding will foster collaboration, attract and train the next generation of talent and accelerate the commercialization of solutions that delivers real benefits for Canadians."

This innovation competition for funds is generally held every two years to support research programs in natural sciences and engineering, health, social sciences, humanities and the arts, as well as interdisciplinary research. The funds released via CFI covers upto 40% of cost of infrastructure involved in the research projects. 

Click to read more in the latest news release from CFI, University of Victoria (UVic) & Simon Fraser University (SFU) and see who else is funded for a comprehensive list of institutions. 

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About Canada Foundation For Innovation

Canada Foundation For Innovations (CFI) is Canadian Independent Corporation which operates within the framework set out in funding agreements with Government of Canada to fund Canada's universities, colleges, research hospitals and non-profit research organizations to carry out high quality research by investing in research infrastructure. Founded in 1997 with Keith Brimacombe, a metallurgical engineer being the first President & CEO of the corporation. The Firm has made its impact across the nation while funding the major infrastructure and research project through out Canadian institutions. 

Click here to read more about the CFI. Click here explore Career Opportunities at CFI. Click here to read the latest media from CFI.

About University of Victoria (UVic)

University of Victoria is prominent university known across Canada with 22,000 students studing at the university each year along with international students enrolled from more than 100 countries. The university originated in 20th century and received its status to grant degrees in 1963. The institution was originally called Victoria college which then shaped itself to become University of Victoria. The institution employs 6000+ employees, is recognized for 169 start-up companies, 162500 alumni worldwide, and more. The British Columbian university prouds itself in being leading research and innovation in natural resources, forestry, oceanography and more aspects of nature. 

Click here to read more about the UVic. Click here to explore the Career Opportunities at UVic. Click here to read the latest news releases from UVic.