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.
Who Can Participate
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
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.
Timeline (Key Dates)
Our 2022-2023 Program Intake for FoodTech Next is now closed. Winners will be announced at our February 16th, 2023 event in Ottawa. Interested attendees can register for the event here.
Our 2023-2024 dates for the program are:
Expression of Interest Opens: August 1, 2023
Expression of Interest Close: September 6, 2023
Full Application Invites: October 10, 2023
Full Application Deadline: November 13, 2023
Notification of Award: January 14, 2024
Program details and guides for 2023-2024 will be posted in Summer 2023.
CFIN reserves the right to modify dates and themes as required.