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Report: Holiday Spending

Report: Holiday Spending

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . Deloitte recently released its 2023 holiday retail outlook , which reveals that Canadians are feeling cautious about spending this holiday season on groceries and gifts , and are shopping around to find the best deals. Here are four takeaways from the report. 1. Canadians continue to feel the pinch from inflation, and are worried about holiday expenses causing financial issues in the New Year. As a result, consumers are scaling back spending during the holidays this year. Holiday spending is expected to be down 11% from 2022. 67% of Canadians are concerned about a potential recession. 33% of consumers say they worry about how to pay for gifts. Consumers say they will spend less on gifts (-18%), gift cards (-14%), charity (-40%), and groceries (-23%). 2. Online purchases are strong, but have declined since peaking in 2020. Canadians are also diversifying where they shop. 41% of Canadians say they will shop online for gifts this year. 33% of shoppers say they will be buying gifts online but pick them up in-store. 45% say they will visit many stores to get what they need . 69% of respondents say they shop on Amazon; 61% at mass merchants; 40% at warehouse membership clubs; and 36% at department stores. 3. Value is key this year, and consumers say they will be making more conscious choices to stay within their holiday budgets. Canadians say they will visit 37% more stores in person as well as websites than in 2022 to search for the best deals. 55% say they will shop in-store. 57% report that return policies influence their buying choices. 48% says they will only be buying what their family needs; 71% are looking for products on sale; and 29% are shopping at less expensive stores. 4. Sustainability is a priority, and Canadians are purchasing environmentally friendly gifts more often . 37% of consumers are prioritizing eco-friendly gifts whenever possible. 55% say they will pay more for sustainable products. 70% say brands and retailers should make sustainable products , although 4 4% say they don’t believe sustainable claims made by brands.

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Company Profile – Cronometer Software

Company Profile – Cronometer Software

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . This is one in a series of interviews with CFIN member companies that have successfully applied for and received funding . Revelstoke, BC- based Cronometer Software Inc. received $47,378 in funding for a project titled AI Food Suggestions. We spoke with Brendan Benson, senior project manager at Cronometer , to find out more about the company and its project. Q: Please explain what your company does and how your products are improving the food industry? A: Cronometer is a nutrition tracking app that prides itself on being the most accurate and comprehensive tracker on the market today. Unlike our competitors, we primarily source our nutrition data from lab-analyzed sources such as the NCCDB or USDA. Users can enter what they eat and drink into the app, and in exchange, we supply nutrition information on up to 84 different nutrients from protein to choline – all free of charge. Cronometer can be used by anyone on any diet and is often leveraged to ensure adequate nutritional intake. Legally, food production companies are not required to print an exhaustive list of every nutrient on their nutrition labels. Although each branded product entry in our database is verified by a staff member, missing nutrition information on the label itself can lead to less accurate data. We are continually developing features and algorithms to try to fill that gap. For example, we recently released a feature that we like to call “Better Alternative Backfill ,” which is an algorithm that takes nutrition data from packaged nutrition labels, finds a similar entry from our more comprehensive, lab-analyzed database and automatically fills in the missing nutrient information. Q: What is your company’s mission? A: Our mission at Cronometer is to help millions of people improve their health by empowering them to track, measure and learn, delivering the best data and tools to accomplish this. Q: Why did you apply for this funding and how will you use it? A: We applied for CFIN booster funding to help cover the cost of a strategically important R&D project called AI Food Suggestions. The goal of the project is to replace our outdated Food Suggestion feature in our mobile and web app with an AI - powered Food Suggestion feature. The feature will generate personalized suggestions to help users meet their remaining calorie and nutrient targets for the day. Food Suggestions will be generated based on recently logged foods, selected filters, and user inputs. Q: What excites you most about working in this area of the food industry? A: At Cronometer we like to think of ourselves as nutrition data nerds. We are excited about supplying our users with personalized, accurate data and appreciate the power that these insights can hold. New Artificial Intelligence technology has opened up even more possibilities to have a positive impact on our users ’ health and wellbeing and we can’t wait to make it even easier to make healthy and informed decisions. Q: Why is collaboration so important for accelerating innovation in the food industry? Is it difficult to find good collaborating partners, and what would make the process easier? A: Fostering collaboration is essential to driving innovation in the Canadian food industry. We have many different partnerships ranging from collaborations with local doctors and dietitians to wearable device partners like Garmin and WHOOP. These partnerships are key in helping us offer a holistic health tracking approach centered around nutrition. Despite the challenges in forging partnerships within a competitive market, we utilize conferences, academic connections, and professional networks to identify aligned collaborators. Having established communities and organizations like the Canadian Food Innovation Network makes it easier to connect with other industry leaders based i n Canada. Q: Please comment on the importance of public funding to help companies clear innovation hurdles and access leveraged funds. A: In the competitive landscape of health and nutrition tracking technology, public funding is key for Cronometer to navigate innovation challenges and propel our growth. We compete in a crowded space made up of American companies that are supported by heavily funded venture capital firms. Public funding has helped us grow the team and pursue innovative R&D projects that otherwise wouldn’t have been possible. Q: Looking ahead, what’s on the horizon for your company? A: Looking ahead, Cronometer is poised to redefine the landscape of nutritional insights. We are focused on harnessing the power of AI to provide our users with personalized, actionable nutrition advice tailored to their unique health goals and dietary preferences. As these AI-driven features and services evolve, Cronometer is set to become not just a tool for tracking, but an intelligent personal nutrition assistant, helping Canadians and users worldwide achieve their health and wellness objectives with unprecedented precision and ease. Q: What are your passions or hobbies outside of work? A: With our headquarters located in the small-town of Revelstoke, BC we have endless options for staying active. Our team enjoys skiing and boarding during the winter months and group bike rides and climbing during the summer! Q: If you had to pick one person to make you a meal, who would you choose? A: Guy Fieri.

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50 Canadian FoodTech Resources – Biopterre

50 Canadian FoodTech Resources – Biopterre

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . Canada has an extensive range of research centres, food incubators, accelerators and labs supporting food and beverage innovation through the research they do and/or the services they offer. Each week throughout 2023, we’re highlighting an organization that’s supporting food innovation in Canada. Name: Biopter r e Location: La Pocatière, QC Mission: To contribute to regional development by increasing the competitiveness of companies in the bioresources sector through applied research. Focus: Biopterre carries out applied research and technology transfers , and offers technical assistance and information services in the bioresources field. It is a college centre for the transfer of technology (CC TT ), and is affiliated with the Cégep de La Pocatière and the Institut de technologie agroalimentaire . Services: Biopterre carries out research in b iotechnology and horticultural products , b iomass and environmental technologies , n on-timber forest products (NTFP) and agroforestry , and m ycotechnologies . Services include environmental research, laboratory work, product development and consulting. Specific services in applied research and technological development include: design, validation or improvement of products, development and testing of specialized processes or apparatus , improvement or development of technologies, and facilitation and technology transfer . Technical support services include : validation and adaptation of technological solutions, expertise transfer, and support . Information and training services include : customized training, technological monitoring, information searches, feasibility studies, and conferences and symposia organization . What you need to know: 59% of Biopterre’s clientele are small to medium-sized businesses (SMEs), and a lmost 70% of Biopterre’s clients are located more than 100 km from its head office. Biopterre collaborates with more than 100 companies annually . Notable News: In May 2023 Cégep de La Pocatière and Biopterre received $2 million in financing from le Fonds des collèges de la Fondation canadienne pour l’innovation and the Government of Quebec . The funding will go towards research and innovation activities that strengthen partnerships between the community and the research community . That includes building energy-efficient greenhouses and purchas ing research and phenotyping equipment that will a llow the precise control of environmental conditions. Get Involved: Contact Biopterre at info@biopterre.com or (418) 856-5917 , or reach out to our Regional Innovation Director for Quebec Julie Daigle .

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Report: The 2024 Food and Beverage Outlook

Report: The 2024 Food and Beverage Outlook

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . Market researcher Circana , formerly IRI and The NPD Group, recently released its 2024 Food and Beverage Outlook report , which reveals some of the key changes and issues that will affect the industry over the next year. Here are three takeaways from the report. 1 . The food and beverage industry will see modest growth in 2024, following three years of decline. According to Circana , h igh inflation is expected to slow in 2024 , which will have a positive affect on industry growth, as will “the macroeconomic environment and growing promotional investments.” Manufacturers and retailers are continuing to innovate and adapt to meet changing consumer interests. 2. Some areas of the industry will grow faster than others. The beverage and deli sectors will outperform overall food and beverage unit sales next year as consumers look for more healthy protein and energy choices in a convenient, grab-and-go format . Circana says the beverage category has been more innovative than other sectors, leading to greater consumer interest and exploration. 3. The frozen category must focus on diversity. Circana says f rozen products in grocery stores and online should be reevaluated “to ensure a variety of products are available to meet consumers’ needs.” It adds that consumers will be looking to the centre of the grocery store for products that offer value, quality and convenience.

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IN 30: Roundup of Personalized Nutrition Articles

IN 30: Roundup of Personalized Nutrition Articles

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . Sometimes, all it takes is 30 minutes to learn the ins and outs of new food technologies and trends that are transforming the food and beverage industry. In this series, we dig into a food innovation topic and link you to content and resources so you can become a master on the topic in 30 minutes (or less!). This year we dug deep into the topic of personalized nutrition . This week we’re recapping all of the original content posted on the topic in 2023. Company Profile – Nutrigenomix Toronto, ON-based Nutrigenomix specializes in personalized nutrition through nutrigenomics, the study of genes and how they interact with diet. Company Profile – Nutri m eals Calgary, AB-based Nutrimeals Inc. offers healthy, ready-to-eat meals incorporating personalized nutrition and fitness requirements and delivers them to customers through a monthly subscription service. Explained: Personalized Nutrition With greater awareness of how nutrients affect them personally, customers will be increasingly looking for solutions tailored to their specific needs. 50 Canadian FoodTech Resources – INAF’s In Vitro Digestion Platform The In Vitro Digestion Platform , part of INAF (Institute of Nutrition and Functional Foods) at Laval University in Quebec City, QC studies the impact of the digestion system on bioactive compounds. 50 Canadian FoodTech Resources – Richardson Centre for Food Technology and Research The Richardson Centre strives to advance food quality and human nutrition through traditional and innovative food processing techniques. Food as Medicine The concept of food as medicine is growing in popularity with consumers, leading innovators to develop software, ingredients, and products that aim to improve health and wellness. The Future of Food as Medicine in Canada CFIN’s Dana McCauley , CEO, Alex Barlow , Vice President of Programs, and Lavina Gully , Regional Innovation Director for BC and Yukon, discuss the future of personalized nutrition. Post-Secondary Food Research A look at some of the food, foodtech and food-related work taking place at research centres and departments of post-secondary institutions in Canada. This is just a small sample of the fascinating projects underway across the country.

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Report: Changing Grocery Shopping Habits of Canadians

Report: Changing Grocery Shopping Habits of Canadians

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . The Agri-Food Analytics Lab at Dalhousie University recently collaborated with Caddle on a survey to discover how Canadians are dealing with changing challenges in the food market. The survey , conducted in September 2023 and published in Grocery Business , revealed that consumers are changing their grocery shopping habits due to the rising cost of food. Here are three key takeaways from the survey . 1. Canadians are feeling the crunch from higher f ood prices . 64.1% of respondents say they have substantially changed how they shop for food. 86.4% say they are more price-conscious than a year ago. 55.1% are using cost-saving measures more than they were a year ago, including using coupons (74.8%) , food-rescuing apps ( 52.8%) , loyalty programs (79.2%) and “enjoy tonight” deals (41.4%). 49.7% of consumers say they have thought about growing their own food. 79.1% say they have reduced food waste significantly over the past year. 2. Consumers are changing how and where they shop for groceries. 41.2% of Canadians visit grocery stores less often than they did a year ago, and strategize by stocking items when they are on sale. 26.5% say they visit grocery stores more often to capitalize on deals , and only purchase food necessary for two to three days. 59.3% of consumers say they are now more likely to shop at dollar stores than they were a year ago. 18.5% of respondents visit farmers’ markets more often. 63.8% are now more likely to purchase store brands rather than national brands to save money. 3. Canadians are changing their diets due to rising food prices. 49.2% of consumers say they have reduced the quality of the protein they buy due to higher costs. 45.4% of respondents say they now prioritize cost over nutritional value when shopping for groceries, although 63.3% report being wary about the affect of this practice on their long-term health . 4. Concern about higher prices differs among the generations. 54.5% of Canadians born between 1900 and 1945 say they prioritize cost over nutritional value, higher than any other generation of respondents. 68.7% of millennials worry about compromising on nutrition due to higher food prices, more than any other generation. Only 34.6% of baby boomers say they put cost before nutrition when shopping for food.

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AI + Food – A&L Canada Laboratories

AI + Food – A&L Canada Laboratories

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . In this installment, we’re looking at London , ON-based A&L Canada Laboratories . What They Do A &L Canada Laboratories offers soil , p lant tissue , feed, fertilizer and water analysis for the agriculture, environmental, food and pharma (cannabis) industries. It also offers software solutions, analytics platforms and mobile apps. How They’re Using AI The company uses AI-driven image analysis to detect contaminants and defects in food products to ensure food safety and quality . A&L Canada Laboratories contributed to a project with Aspire Food Group, Darwin AI and TELUS that received funding from Canada’s Advanced Manufacturing Cluster. The project created the world’s largest fully automated food grade cricket protein manufacturing facility in London, ON that uses advanced manufacturing technologies such as AI, automation, robotics, Internet of Things, automated storage and retrieva l, and deep learning and analytics. In the Med ia AgriTech Tomorrow - A&L Canada Laboratories announces launch of TerraSiteRx analytics platform A&L Laboratories ’ TerraSiteRx analytics platform provides ag retailers and crop consultants analytical tools and algorithms to gain deeper insights from farm data . Bloomberg - A&L Canada Laboratories to be L ead A nalytical T esting F acility in Shoppers Drug Mart and TruTrace Pilot Traceability Program A&L Canada was one of the primary testing facilities in the pilot program on medicinal cannabis products ensuring quality assurance. If you’d like to connect with A&L Canada Laboratories reach out to your Regional Innovation Director.

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50 Canadian FoodTech Resources – Propel

50 Canadian FoodTech Resources – Propel

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . Canada has an extensive range of research centres, food incubators, accelerators and labs supporting food and beverage innovation through the research they do and/or the services they offer. Each week throughout 2023, we’ re highlighting an organization that’s supporting food innovation in Canada. Name: Pro p e l Inc. Location: Saint John, NB Mission: Propel is a virtual accelerator that helps startup technology companies validate their product and market fit, find customers and raise financing. Focus: Propel offers technology entrepreneurs virtual coaching and mentoring , with a priority on companies from Atlantic Canada. Services: The organization’s online accelerator program offers startups access to coaching at every stage of growth , from ideation through product development to scaleup. As well as one-on-one mentoring, online learning includes speakers from around the world, and the courses Vision and Validation for companies making less than $1,000/month, and Traction and Growth for companies making more than $1,000/month. What you N eed to K now: Propel has more than 350 alumni, has funded millions of dollars to technology companies in financing , and has created 1,400 jobs. The centre says alumni have shorted their sales cycles by 78%, and have doubled their contract size. Some of the companies in the food industry which have worked with Prop e l are SomaDetect , Easy Platter , Couryah! and Prospre . Notable News: Propel received $1.05 million in funding from the government of Nova Scotia to continue to deliver programming and coaching for startups over the next three years. Get Involved: Contact Propel at info@propelict.com or reach out to our Regional Innovation Director for Atlantic Canada Tyson MacInnis .

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Interview with Saltwinds Coffee Company

Interview with Saltwinds Coffee Company

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . Nestor Gomez , CFIN’s Chief Technology Officer, recently caught up with Laura Richard, COO and co-founder of Douglas, NB-based Saltwinds Coffee Company, during the 2023 InnovateNB Awards. Saltwinds produces unique tasting coffee roasted using carbon-friendly techniques. The company received funding through CFIN’s Food Innovation Challenge to help create its carbon capture system that can be used in the exhaust flue of a roaster, capturing the CO 2 that is emitted when coffee beans are roasted. Here they discuss the company and what it has been up to in the past year since receiving funding.

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IN 30: Roundup of Cellular Food Articles

IN 30: Roundup of Cellular Food Articles

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . Sometimes, all it takes is 30 minutes to learn the ins and outs of new food technologies and trends that are transforming the food and beverage industry. In this series, we’ll dig into a food innovation topic and link you to content and resources so you can become a master on the topic in 30 minutes (or less!). This year we dug deep into the topic of cellular food and agriculture, so now we’re recapping all of the original content posted on the topic in 2023. Canadian FoodTech Trends: Interest and Curiosity in Cellular Food Continues to Grow CFIN worked with Moncton, NB-based data science company Fiddlehead Technology to develop a report providing insight into the potential adoption of cellular meat in Canada. Cellular Food How cellular food is changing the way we produce, transport, and consume food. Cellular Food in Canada New food production technology such as cellular agriculture has the potential to alleviate challenges facing the food industry, including supply chain disruptions and climate change. Commercializing Cellular Food Issues surrounding c ellular food entering or currently on the market, and opportunities for commercialization in Canada and around the world. Cultivating Success – Top 5 Takeaways CFIN’s latest virtual experience is Cultivating Success: Canada ’ s Big Biomanufacturing Opportunity. Here are the top five takeaways from the experience: Funding for Cellular Food Research and Development There are several sourc es of funding for companies working to develop new products, technology, and services for the emerging cellular agriculture industry in Canada. Infographic: Introduction to Cellular Food An infographic showing the history of cellular food and precision fermentation and opportunities in Canada. The Language of…Cellular Food Here’s some of the terminology you may be questioning when it comes to the cellular food and agriculture sector. New Harvest New Harvest is a global non-profit research institute advancing the science of cellular agriculture , with a Canadian division based in Edmonton, AB. Precision Fermentation P recision fermentation is a specific kind of fermentation process to create lab-grown ingredients for use in a variety of products, including food. Regulating Cellular Food How emerging cellular food technology is being governed around the world, and the debate around how products will be regulated as they hit the market. What’s for Dinner on Mars? Dinner on Mars: The Technologies that Will Feed the Red Planet and Transform Agriculture on Earth by Lenore Newman and Evan Fraser explores the food science and cellular food technology and production methods it will take to feed a settlement on Mars, while meeting the needs of the estimated 9.8 billion people on Earth by 2050. Overtime If you’ve got more than 30 minutes, these are for you: Cultivating Success: Canada’s Big Biomanufacturing Opportunity CFIN ’s latest virtual experience , Cultivating Success: Canada's Big Biomanufacturing Opportunity , was ho sted by cellular food experts Dr. Lenore Newman of the Food and Agriculture Institute at the University of the Fraser Valley in BC, and Dr. Evan Fraser of the Arrell Food Institute at the University of Guelph in Ontario.

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Report: Public Trust in Canada’s Food System

Report: Public Trust in Canada’s Food System

Welcome to YODL! In addition to daily original content, YODL helps CFIN Members find new partners , resources , and funding opportunities to grow their food business. Learn more about this growing community and become a CFIN Member (for free!) today . The Canadian Centre for Food Integrity (CCFI) recently released it s 2023 Public Trust Research Report revealing consumer perceptions of Canada’s food and agri-food industry, and views on issues such as rising food costs, food safety and transparency . Here are four key highlights. 1. Rising f ood costs are top of mind with Canadians . 50% of consumers polled said they are very concerned about the affordability of healthy food. That compares to 47% in 2022 and just 28% in 2020. 54% of Canadians say the cost of food is their number one concern , while 41% say they are most concerned with the affordability of healthy food. 2. Canadians are changing their habits due to higher food costs . 45% say they are reducing food waste; 42% are cooking more meals at home; and 37% are buying less food. Other changes include buying more frozen food (23% ) , and changing grocery stores (21%) and recipes (14%) . 60% of respondents say they’re interested in learning how to spend less on food. 50% say they loo k up online information about spending less on food. 3 . Consumers are focused on issues such as food, health and housing rather than big-picture concerns such as the economy , and are increasingly linking food and health. 44% of Canadians are very concerned about health care, up from 37% in 2022. 54% of consumers say they engage with information about nutrition and healthy eating. 4 . Consumer s show overall trust in our agri-food system, but want more transparency. 34% of Canadians say the food system is heading in the right direction, although 41% say they are unsure. Canadians have a moderate level of trust when it comes to food safety, with only 26% saying they are very concerned about food safety overall, compared to 30% last year. 41% of consumers believe supply chain costs are to blame for rising food costs , down from 56% the previous year. 34% feel food costs are higher because businesses want to increase their profits . T hat compares to 20% in 2022. Transparency scores have decreased significantly since 2018 , especially around misinformation, with 62% saying they are concerned about misleading food labels or descriptions for marketing, and 33% saying they are very concerned . Click her e to download the full report.

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Let’s Talk Innovation – the Integrated Pre-commercial Hall

Let’s Talk Innovation – the Integrated Pre-commercial Hall

Welcome to Let’s Talk Innovation with Isabelle Marquis, a French-language video covering all areas of food innovation. Today, Isabelle speaks with Zoraїde Bentellis, Director of ITEGA, the Institute of Packaging Technology and Food Engineering, about the inauguration of a new innovation centre in Montréal: the Integrated Pre-commercial Hall. On 30 October, the official inauguration of the Integrated Pre-commercial Hall (HPCI) took place in Montréal: a new research and innovation hub for sustainable development, unique in Canada. Equipped with the latest technologies and combining the expertise of ITEGA and CEPROCQ in packaging, food engineering and food chemistry, the HPCI’s mandate is to support businesses wishing to create, develop and commercialise innovative products.

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