Canada Growth Fund
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Eligibility & Details
What this program funds and who can apply
Program Description
A $15 billion government-backed investment fund that takes equity stakes, provides debt financing, and enters carbon contracts to support Canadian clean technology companies at scale. This is NOT a traditional grant — it operates like a strategic growth equity fund managed by PSP Investments. Investments typically range from $25M to $200M in carbon capture, critical minerals, hydrogen, clean energy, and battery storage. CGF backs technologies proven in pilots but not yet widely adopted, including clean technology companies at the demonstration or commercialization stage. It also runs a cleantech funds strategy, anchoring Canadian growth equity managers who in turn back growth-stage companies too small for a direct CGF investment.
Eligibility Requirements
- Canadian-based or Canadian-benefiting companies at commercial or near-commercial scale
- Technologies must address emissions reduction or clean economy growth
- Technology proven in pilots but not yet widely adopted — demonstration or commercialization stage qualifies
- Investment need typically $25M+ (fund does not make small direct investments)
- Must demonstrate that CGF investment unlocks additional private capital (additionality)
- Three verticals: emissions-reducing projects, clean technology SMEs, low-carbon supply chains
Quick Assessment
Funding Details
- Amount
- $25,000,000 to $200,000,000+
- Type
- Program
- Level
- Federal
- Co-Funding
- Up to 100% of eligible costs
- Deadline
- Ongoing
Program Scorecard
Competition, effort, and approval at a glance
Very difficult — extensive requirements
Very high competition — highly selective
Very complex — extensive preparation required
How to Win
Insider tips, common pitfalls, and what successful applicants look like
Insider TipThis is not a grant — approach CGF like a growth equity investor, not a government program.
Rejection Pitfalls 7
- Too small — investment need under $25M
Success Profile
Evaluation Criteria
Everything you need to win Canada Growth Fund
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 7 rejection pitfalls reviewers flag — so you catch them first
- 9-document checklist with what each reviewer is actually checking
- Your Application Game Plan — the print-ready PDF the preview below describes
- 8-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 4-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what reviewers score on
Application Playbook
Step-by-step process, required documents, and expenses
Application Steps
Required Documents 9
Eligible Expenses 9
Ineligible Expenses 6
Intake Periods
Deadline Notes
Ineligible Organizations
- 7 more application steps
- 7 more required documents
- 9 eligible expenses
- 6 ineligible expenses
- Intake periods
- Deadline notes
- Ineligible organizations
Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Compatible Programs
Clawback Risk
Low RiskHow Canada Growth Fund Compares
Side-by-side with similar programs
| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| Canada Growth Fund | $25,000,000 to $200,000,000+ | Hard | Equity | Ongoing |
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| CanExport SMEs | Up to $50,000 | Moderate | Mixed (Advance + Reimb.) | Between intakes — the... |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about Canada Growth Fund