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Federal Government Unveils $1.75B Venture and Growth Capital Plan: What It Means for CFIN Members

The Government of Canada has announced a major investment strategy designed to strengthen the domestic venture capital ecosystem and bridge critical funding gaps for high-growth innovators. https://www.canada.ca/en/innovation-science-economic-development/news/2026/10/minister-joly-unveils-canadas-new-venture-and-growth-capital-plan-that-will-strengthen-venture-capital-investments-in-canada-with-175-billion-in-fu.html Through the new Venture and Growth Capital Catalyst Initiative (Growth VCCI) and Canada’s Early and Growth Stage Investment Strategy, the federal government is committing $1.75 billion on a cash basis—a effort expected to leverage over $5.5 billion in total investment alongside private capital. For CFIN members—particularly technology developers, food and beverage manufacturers scaling up operational technologies, and post-farmgate innovators—this capital injection represents expanded opportunity for growth, commercialization, and investment. Key Highlights for the CFIN Community 1. $1B Venture and Growth Capital Catalyst Initiative (Growth VCCI) Administered via three dedicated streams, this initiative focuses on crowding in institutional and private investment: Fund-of-Funds Stream ($700M): Focuses on leveraging private venture capital and attracting pension funds and institutional investors to Canadian innovation. (Expressions of interest are open now until January 21, 2027.) Life Sciences Stream ($200M): Targets Canadian VC fund managers supporting companies in the life sciences sector. Emerging Manager Stream ($100M): Supports new and emerging fund managers, prioritizing strategic sectors and regions outside traditional VC hubs. 2. $750M Early and Growth Stage Investment Strategy Managed by BDC, this strategy addresses financing gaps at two pivotal growth phases: Pre-Seed & Seed Stream ($75M): Helps early-stage startups reach Series A. Later & Growth Stage Stream ($675M): Supports scaling firms so they remain anchored in Canada as they mature. Have Your Say The federal government and BDC are currently seeking stakeholder input to shape the design of the Later and Growth Stage Investment Stream. If your organization has insights on growth-stage funding needs in Canada’s foodtech and manufacturing innovation sectors, you can review the Discussion Guide and submit written feedback directly to capital@ised-isde.gc.ca until 5:00 PM (PCT) on November 23, 2026. 👉 Read the full government press release: https://www.canada.ca/en/innovation-science-economic-development/news/2026/10/minister-joly-unveils-canadas-new-venture-and-growth-capital-plan-that-will-strengthen-venture-capital-investments-in-canada-with-175-billion-in-fu.html

Man speaks at a podium with two women beside him during an outdoor Strategic Response Fund event.

Minister Joly announces $50 million investment in CFIN to strengthen Canada’s food sector

Investment will advance Canada’s National Food Security Strategy and support the domestic supply chain.

Community Manager

CFIN Joins Global Innovators at Web Summit Vancouver 2026

CFIN Joins Global Innovators at Web Summit Vancouver 2026

Last week, CFIN was thrilled to be on the ground at Web Summit Vancouver 2026 where the energy was on point ⚡ National Senior Innovation Director , @Lavina Gully and Director of Communications, @Jamil Karim spent an incredible few days connecting, learning, and celebrating the growing momentum behind innovation in BC and beyond! We were especially excited to reconnect with several CFIN members like Maia Farms, Arbia, and BetterTable, and to spend time with many local partners at the BC Pavilion . It was fantastic to see Canada’s food innovation ecosystem showing up in force on a truly global stage. Looking for more analysis on Web Summit Vancouver? Read @Lavina Gully 's reflections on the Scaling Agritech: From Pilot to Profitable Growth panel, exploring what it takes to turn emerging foodtech innovation into scalable commercial success: https://www.linkedin.com/posts/lavinagully_food-and-agritech-had-a-much-stronger-share-7460811935018618881-s2Ux?utm_source=share&utm_medium=member_desktop&rcm=ACoAACLLGdwBiNeeaewRFuSJeGYvGgDoyT0DExs With 20,000+ attendees, 768 investors, and companies that have collectively raised $77B, this year’s summit made one thing clear: food systems innovation is gaining real traction on the global tech stage. We left energized by the conversations, proud to see so many CFIN grant recipients represented, and more motivated than ever to keep building Canada’s food future.

Community Manager

Food 4.0 in Action

Food 4.0 in Action

Canada's food sector contributes over $150 billion to the national GDP and employs more than two million people. It's also a sector that has been slow to modernize. The vast majority of businesses are SMEs operating on thin margins, manual processes, and limited access to the technologies that could make them more productive and competitive. CFIN has spent five years funding food tech projects , with a particular focus on helping innovators pilot and commercialize new technologies with industry partners. Across funded projects , 53 of 86 reporting companies confirmed their solutions have been adopted by end users. More than 21,000 of them. CFIN's network features even more adoption stories from across the broader sector. Here are five of those stories. Mode40 & Nonsuch Brewing: Bringing Data-Driven Precision to the Craft of Brewing Nonsuch Brewing, a majority Indigenous-owned craft brewery in Winnipeg, faced operational bottlenecks using a manual scheduling system built from spreadsheets and intuition. This system was limited . Only the founder knew how it worked, and it couldn’t adapt to fluctuating beer demand or optimize production across existing resources. Partnering with Mode40, Nonsuch transitioned to an agentic AI platform that automates scheduling based on real-time demand and capacity. The solution streamlined production, increased output without new investment, and eliminated guesswork. Watch more. RFINE Biomass Solutions & Java Blend Coffee: Redefining Sustainability in the Roasting Process Java Blend has been roasting coffee in Halifax for over 85 years and supplies more than 400 businesses across Atlantic Canada. Spent coffee grounds were one of their largest waste streams — heavy, wet, expensive to dispose of. RFINE's drying technology converts those grounds into Kaffika , a food-grade cocoa extender that replaces imported cocoa products whose prices have surged in recent years. The waste from brewing becomes a saleable ingredient , and a former disposal cost becomes a revenue line. Watch more. Arbia & Jasmine Foods: Scaling Innovation in Traditional Food Sectors Jasmine Foods has been importing Mediterranean products to Western Canada since 1975 — the first halal meat store in the region. When they decided to expand into wholesale, the legacy systems couldn't follow. They offered n o real visibility into margins or cost of goods sold and relied heavily on manual processes. Arbia's AI operating system, developed with CFIN Innovation Booster funding, replaced the handwritten workflows with structured digital operations. Jasmine is now expanding into a new region without hiring additional staff. Watch more. DeepSight & St-Hubert: Pushing the Boundaries of AI-Driven Training Excellence St-Hubert is one of Quebec's most recognized food brands . It operates a chain of resta urants , along with two manufacturing plants and a distribution centre . Employees move consta ntly across the com pany’s different operations, and the team discovered that t raining was inconsistent across all of them . Crucially, they were missing a system to document the expertis e of their workforce. Montreal-based startup DeepSight helped St-Hubert captures that technical knowledge and deliver it as digital step-by-step instructions on tablets or AR headsets — giving every employee in every location access to the same information, on demand. Watch more. Kitchen Hub & Bowld: Revolutionizing the Food Hall and Multi-Brand Experience Opening a second restaurant location is expensive. Lease, buildout, equipment, staff — it typically adds up to hundreds of thousands in expenses before even serv ing a single customer. Kitchen Hub's shared kitchen infrastructure offer s QSRs like Bowld a different path: test new markets using physical kitchen space combined with integrated digital ordering and multi-brand fulfilment platform , all without the traditional overhead of a full new location. Watch more. The Beginning of Canada’s Food 4.0 Future Each of these projects offers a look at what Food 4.0 looks like in practice. From an AI-enabled Winnipeg brewery to a Quebec food manufacturer armed with augmented reality training capabilities, Food 4.0 is a Canadian food sector that's more productive, more competitive, and more resilient — driven by the adoption of smart technology across manufacturing, foodservice, distribution, and retail. It is innovation n ot just in lab s or pilot facili ties , but on commercial production lines, in kitchens, and across the operations of thousands of Canadian food businesses . That's the future CFIN is building. And it's already underway.

Community Manager

Five Years of Showing Up: Putting Canadian Foodtech on the Map

Five Years of Showing Up: Putting Canadian Foodtech on the Map

From the beginning, CFIN's strategy has been to give Canadian food innovators opportunities that were previously absent. Five years in , that approach has built a substantial events footprint and media presence — both of which have been critical to connecting innovators with the visibility, relationships, and credibility they need to grow. CFIN E vents by the Numbers Since 2021, CFIN has hosted 20 in-person live events, gathering over 1,600 attendees. The traje ctory tells the story of a growing platform: The Food t ech Next showcase started with over 150 attendees in 2023 and 2024, and grew to nearly 300 attendees in February 2026 — becoming a key moment for CFIN-funded companies to present their pilots and results to investors, government funders, and industry partners.

Community Manager