Canada Launches $25M Digital Health Fund for SME Innovation

How to Access Canadian Healthcare Funds

The Terry Fox Research Institute launched a $25-million Digital Health Innovation Fund to fuel Canadian private and public sector breakthroughs focused, initially, on precision medicine for cancer and neuroscience, and other diseases through big data, machine learning and artificial intelligence (AI)-based approaches and solutions. The program is being established through the Digital Health and Discovery Platform, led by TFRI, with funding provided by Innovation, Science and Economic Development (ISED) Canada under its Strategic Innovations Fund (SIF), Stream 4.

The Digital Health Innovation Fund operates through Canada's Innovation, Science, Economic Development (SIF, Stream 4) program, supporting projects valued between $1-5 million. To qualify, suppliers must form consortiums that include at least two Canadian SMEs (under 499 employees) and incorporate a data provider willing to share healthcare information through the DHDP platform. The application process begins with an Expression of Interest (due July 15, 2025), followed by Letters of Intent (August 15, 2025), with funding commencing January 2026.

Healthcare Procurement Trends Supporting Strategic Bids

Our Healthcare Global Public Spending Analysis of global healthcare purchasing patterns reveals procurement strategies that can maximise your success in the healthcare market.

European healthcare organisations increasingly prefer framework agreements for 72% of medical supply procurement, while North American buyers utilise frameworks for 45% of purchasing value. Medical consumables and pharmaceutical products represent the highest-value procurement categories, with contract durations extending to nearly 32 months in 2024—evidence of buyers seeking longer-term supplier partnerships, particularly for technical healthcare products.

Average contract duration, 2024

Ready to explore over 10,000 worldwide healthcare procurement opportunities and position your medical devices or digital health solutions for the Canadian market?

Book your demo with our team to develop a targeted strategy for capturing your healthcare market share.

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