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FoodTech Next │ Canadian Food Innovation Network (CFIN):

Value

The total eligible project costs must be between $200,000 and $500,000, and the maximum level of matching funding from CFIN will be 50% of total eligible project costs, or $250,000.

Description

FoodTech Next is a unique funding opportunity for early-stage Canadian technology firms who seek to be part of — or sell to — the wider food industry. The program allows companies to demonstrate and pilot their innovation in operational environments to prove their solutions and validate the return on investment for the food sector. The overarching goal of FoodTech Next is to accelerate the commercialization of Canadian innovation by generating first demonstration opportunities.

Eligible Applicants

To qualify for funding, all project proposals for any call must be:

  • Submitted by Canadian incorporated businesses with less than $1M in annual sales in their most recently completed fiscal year.
  • Seeking to demonstrate innovations between a technology readiness level of 3 to 7, with ideal projects ending in system prototype demonstration in an operational environment (TRL of 7).
  • Focused on a post-farm gate solution

Eligible Expenses

The total eligible project costs must be between $200,000 and $500,000, and the maximum level of matching funding from CFIN will be 50% of total eligible project costs, or $250,000.

Funding will be provided on a reimbursement basis and CFIN will require a non-refundable project management fee of 5% of total project costs eligible for CFIN funding.

Deadline Date

  Open and closes. 2023-2024 dates for the program - Expression of Interest Opens: August 1, 2023 until September 6, 2023.

Contact

Contact Name: Canadian Food Innovation Network (CFIN)

Phone Number: 1.888.773.8247

E-mail Address: info@cfin-rcia.ca

Website: https://www.cfin-rcia.ca/programs/foodtech-next

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