Canadian Food Innovation – Innovation Booster

Amount: up to $100,000 of 50% of total eligible project costs reimbursed

The 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.

Eligibility requirements

• Submitted by Canadian incorporated businesses with less than $50M in annual sales in their most recently completed fiscal year.
• Seeking to demonstrate innovations between a Technology Readiness Level of 1 to 7. Projects including TRL 8 and 9 components will only be considered if they are part of a project that also includes TRL 1 to 7.
• Projects should be no more than one year (12 months) in length.
• CFIN supports industrial research and demonstration activities, focused on the food sector from farm-gate to consumer’s plate. Agriculture or primary production focused projects are not eligible for our funding.

Eligible projects

CFIN’s Innovation Booster funds are targeted for projects with eligible costs tied to industrial research and technology demonstration projects and activities that can be completed in 12 months or less. Strong proposals will target food industry challenges or opportunities, with potential impact industry beyond just the applicant’s business.

Funding