CFIN – FoodTech Next Program
Receive up to $250,000 for Food Tech Demonstration.
The CFIN FoodTech Next Program offers funding for early-stage Canadian technology firms who seek to be part of or sell to the wider food industry but need to demonstrate and pilot their solutions in operational environments to prove their solutions and demonstrate the return on investment for the food sector.
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Funding Amount
Eligible applicants can receive up to 50% to a max of $250,000 in grant funding towards their project.
Eligible Applicants
Must be submitted by Canadian incorporated businesses with less than $1M in annual sales in their most recently completed fiscal year.
800+
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Amount of Funding
Successful applicants for this program may be eligible for the following funding allotments:
- Non-repayable contribution of 50% of total eligible project costs to a maximum of $250,000
- Total eligible project costs must be between $200,000 and $500,000
- CFIN will require a non-refundable project management fee of 5% of total project costs eligible for CFIN funding.
Eligible Applicants
Eligible (lead) applicants must:
- Be submitted by Canadian incorporated businesses with less than $1M in annual sales in their most recently completed fiscal year
- Not have other active CFIN-funded projects (approved projects with a signed Master Project Agreement and who have yet to submit their final report)
- have a potential customer, or a good idea of their ideal customer who can validate that the proposed technology solves a market issue, and the project partner must be willing to prove the solution in the market or industry setting.
- Be undertaken by a CFIN member. Membership is free and can be applied for through www.cfin-rcia.ca.
Lead Applicants are technology or software developers who, own or will create intellectual property to be demonstrated or piloted through the project.
Project Partners, most likely to be food sector players, are required to ensure pilots and demonstrations take place in operational environments.
Eligible Activities
All projects must have alignment under at least one of the following CFIN’s innovation priority:
Smart Product and Process Development, which includes development and innovation in the areas of:
- health, nutrition & wellness benefits;
- new robotics applications to increase productivity and food safety
- AI, sensors, machine learning, and more
Food Ecosystem Sustainability, which includes development and innovation in the areas of:
- food waste reduction;
- higher value recovery;
- green and smart packaging and more
Agile and Safe Supply Chains, which include development and innovation in the areas of:
- Logistics and supply chain;
- Consumer and customer analytics;
- Food safety and more
Applicants must propose to demonstrate new industry processes, new product categories, new knowledge, or a new application of science. Projects must:
- Address an area of the post-farmgate supply chain (cannot focus on agricultural production activities) ;
- Identify a specific piloting or demonstration opportunity for a technology or solution that has yet to be commercialized;
- Conduct research and development at Technology Readiness Levels (TRL) 3 to 7
Eligible Costs Categories include:
- Direct Labour
- Subcontractors and Consultants
- Direct materials
- Equipment
- Land, Building, and Building Improvement
- Other Direct Costs
Program Deadline
Speak with a member of our team to find the latest intake period info for this program or subscribe to our newsletter to be notified.
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95%
Throughout the application process
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Successfully applying for the right funding program at the right time, focusing on the right topics is no easy challenge. We provide an average 95% time savings to our clients, compared to businesses that apply for funding in-house.
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