Canada’s Non-Dilutive Funding Landscape in 2025

Across Canada, early-stage founders in AI, clean technology, and life sciences are leaning toward non-dilutive sources of capital that protect ownership while accelerating growth. Programs like the Strategic Innovation Fund, NSERC’s I2I grants, and the Canada Growth Fund are evolving to provide meaningful pathways from research to commercialization.

At The Canadian Foundation for Innovation and Research (CFIR), we see non-dilutive funding as a vital first step—helping founders validate their ideas and attract investors later without compromising equity.