The Strategic Innovation Fund's objective is to spur innovation in national industries. Budget 2021 proposes to provide the Strategic Innovation Fund with an incremental $7.2 billion over seven years on a cash basis, starting in 2021-22, and $511.4 million ongoing. Out of this funding, CAD 5 billion will go to the Strategic Innovation Fund’s Net Zero Accelerator. This would scale up its support for projects that will help decarbonize heavy industry, support clean technologies and help meaningfully accelerate domestic greenhouse gas emissions reductions by 2030.