Canadian Food Innovation Network (CFIN) – Innovation Booster

ByMaurice

Description:

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 or Canadian researchers, to advance their food innovation and research outcomes.

Comments on Funding:

Funding is up to 50% of total eligible project costs. The total eligible project costs should be between $20,000 and $200,000.

Stacking is possible with other government funding up to 75% of the total eligible project costs. However, CFIN funds cannot be used to reimburse expenses already funded from other government.

Eligibility:

Applicants must:

  • be businesses or a researchers in the Canadian food ecosystem;
  • be CFIN members.

All projects must:

  • be led by a business that is incorporated in Canada;
  • be undertaken by a CFIN member;
  • address an area of the post- farmgate food production supply chain;
  • identify a specific technical hurdle with a clear methodology;
  • identify a defined goal or outcome that has commercial application;
  • conduct research and development at Technology Readiness Levels (TRL) 1 to
  • Projects including TRL 8 and 9 components will only be considered if they are part of a project that also includes a TRL 1 to 7 (see 4.3 Technology Readiness Level Eligibility Requirements for further information); and,
  • projects should be no more than one year (12 months) in length.

Documentation Needed:

Applicants must submit 2 years financials (audited, review engagement, or notice to reader).

Other Things to Note:

  1. The Canadian Food Innovation Network (CFIN) is an industry-led, not-for-profit corporation dedicated to becoming the world-leading innovation network for food and beverage.
  2. CFIN co-funding webinars and application packages are available through www.cfin-rcia.ca.
  3. Applications will be accepted on a rolling 60 day intake. The next intake deadlines are posted on the CFIN website.

Guidelines updated May 2022.

2022-2023 Application intakes are now closed.
2023-2024 Application intake details and deadlines will be posted in December 2022.

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    Program Contact:

    CFIN Innovation Booster

    About the author

    Maurice

    Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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