The Government of Canada is putting up nearly $358 million to strengthen the country’s defence supply chain through its new Regional Defence Investment Initiative (RDII).

Eligible businesses include companies with dual-use products and services, as well as firms pivoting to supplying defence.

Canada’s Minister of AI and Digital Innovation Evan Solomon shared the news today from Toronto’s Downsview Aerospace Innovation and Research hub. He said the RDII envelope will finance Canadian companies to support innovative projects and their integration into domestic and international defence supply chains.

Federal RDII funding is expected to come in the form of loans or repayable contributions and will be directly deployed by Canada’s seven regional development agencies (RDAs), including FedDev

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