Canadian Food Innovation Network (CFIN)

Grant Description

The Canadian Food Innovation Network (CFIN) is an industry-led, not-for-profit corporation dedicated to becoming the world-leading innovation network for food and beverage. CFIN’s Innovation Booster is designed to provide flexible and rapid support to Small or Medium Enterprises (SMEs), a business with 499 or fewer employees and less than $50 million in gross revenues, as they address food innovation challenges or technical hurdles that have created a barrier for achieving their commercialization goals. Applications must be led by a business that is incorporated in Canada.

The Innovation Booster Program will support high potential projects from companies and Canadian researchers, providing funds to:

Assess product market fit
Test a minimum viable product
Scale and expand globally
Prepare for investment
Leverage and protect intellectual property

Eligibility Requirements

To qualify for funding, all projects must:

Be led by a business that is incorporated in Canada
Be undertaken by a CFIN member;
Address an area of the post- farmgate food production supply chain
Identify a specific technical hurdle with a clear methodology;
Identify a defined goal or outcome that has commercial application;
Conduct research and development at Technology Readiness Levels (TRL) 1 to 7. Projects including TRL 8 and 9 components will only be considered if they are part of a project that also includes a TRL 1 to 7 (see 4.3 Technology Readiness Level Eligibility Requirements for further information); and,
Projects should be no more than one year (12 months) in length.

Funding Level(s)

Total eligible project costs should be between $20,000 and $200,000. The maximum level of matching funding from CFIN will be 50% of total eligible project costs (between $10,000 and $100,000).

Purpose

To support SMEs as they address food innovation challenges or technical hurdles that have created a barrier for achieving their commercialization goals.

Source: https://cfin-rcia.ca/programs/fic

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