Regional Economic Growth through Innovation
Regional Economic Growth through Innovation (REGI) is a national program delivered by Regional Development Agencies (RDAs) across Canada to fuel economic growth through innovation and create more well-paying jobs for Canadians. It comprises two streams, which, along with tailored programming in each region, will foster the right environment to start and grow businesses and create the conditions for the development of strong, dynamic and inclusive regional innovation ecosystems across the country.
Under REGI, innovation funding programs across all of Canada’s six RDAs will focus on two key areas:
Business Scale-up and Productivity
Are you an ambitious western Canadian company in need of growth funding?
Funding offered under this stream helps businesses at various stages of development, including high-growth firms, to accelerate their growth and assist them in scaling up, enhance their productivity and competitiveness in both domestic and global markets.
Regional Innovation Ecosystems
Are you a western Canadian not-for-profit organization looking for funding to increase the innovation capacity of the region?
Funding offered under this stream helps create, grow and nurture inclusive regional ecosystems that support business needs and foster an entrepreneurial environment conducive to innovation, growth and competitiveness. It also fosters the entrepreneurial environment necessary for more innovative regional economies and increases the competitiveness of small- and medium-sized enterprises (SMEs), women entrepreneurs and underrepresented groups.
While REGI will focus on these two streams, Western Economic Diversification (WD) will continue to support businesses and communities through existing programming to foster economic development opportunities and diversification in western Canada.
Canada’s Regional Development Agencies (RDAs) are one of Canada’s four flagship platforms supporting the government’s Innovation and Skills Plan, along with the Industrial Research Assistance Program, the Strategic Innovation Fund and the Canadian Trade Commissioner Service.