You may have noticed that earlier optimism of the Strategic
Innovation Fund staff about processing times and effectiveness of the program has
diminished. If I understand man inside source correctly, of the many
applications received, only 15 have been invited to stage 2, and the ones
accepted have tended to be large multi-million dollar projects. I’ve given up
on the program and am no longer recommending businesses apply. The time
involved versus the improbability of being successful simply dictates the folly
of applying.
