Complex sentence: Grand Challenges Canada was originally funded by the federal government's Development Innovation Fund announced in the 2008 budget, working in a consortium with the International Development Research Centre, and the Canadian Institutes of Health Research.
Split into simpler sentences: Grand Challenges Canada is funded by the federal government's Development Innovation Fund announced in the 2008 budget. The organization works in a consortium with the International Development Research Centre, and the Canadian Institutes of Health Research.