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)
Applicants are encouraged to submit a completed letter of intent via our application portal by 11:59 EST on Thursday October 20th, 2022.
Applicants invited to provide a full proposal must submit their proposal by 11:59 EST on Wednesday December 21st, 2022.
Under this intake, project start date for eligible costs will be no earlier than January 1st, 2023. Project approval notifications will be released in late January 2023.
Semi-Finalists and finalists will be invited to a Collaboration event in February 2023.