Canadian Dairy Commission – Matching Investment Fund (MIF)

ByMaurice

Description:

The Matching Investment Fund (MIF) provides eligible companies and Food Technology Centers (FTC) non-repayable contributions for product development projects on a matching investment basis.

Comments on Funding:

Funding is 50% of the eligible costs of the project, up to a maximum of $150,000 (before taxes). Of this amount, a maximum of $25,000 (before taxes) can be allocated to consultation activities, the remaining funds must be allocated to product development activities.

There is a small businesses incentive: funding goes up to 100% of eligible costs (before taxes) for the first $10,000 spent on a project (this includes up to $5,000 for consultation activities and up to $5,000 for product development activities). In the case of a project involving only one activity (consultation or product development), the amount eligible for 100% reimbursement is set at $5,000. Additional eligible costs (before taxes) will be reimbursed on a matching investment basis (50%).

Eligibility:

Applicant must be:

  • Dairy processors, finished food product manufacturers,
  • be Food Technology Centers (FTC),
  • be other types of organizations (milk marketing boards, food processor associations) that want to support projects from their members,
  • be registered in Canada;
  • demonstrate, to the satisfaction of the CDC, that the project meets at least one of the following criteria:
  • incorporates a Canadian dairy ingredient in a product formulation where no dairy ingredient(s) had been previously used.
  • replaces a substitute ingredient in a product formulation with a Canadian dairy ingredient, or significantly increases the dairy content of an existing product formulation.
  • develops and markets a new dairy product or a product pursuant to the Dairy Innovation Program (DIP)1.
  • develop and markets a new or innovative further processed product containing Canadian dairy ingredients.
  • includes technology/knowledge transfer activities having a demonstrated benefit for a company or for the Canadian dairy industry.
  • the CDC reserves the right to refuse applications or cancel the program if funds are no longer available.
  • Dairy processors, finished food product manufacturers,
  • the product has the potential to increase the use of raw milk components (in the case of a dairy product manufacturer) or Canadian dairy ingredients.
  • the project involves a technical challenge associated with incorporating a Canadian dairy ingredient or developing an innovative dairy product.
  • it uses dairy ingredient(s) which is/are made wholly or mainly from milk.
  • demonstrate that the dairy product formulation or further processed product will not risk displacing existing Canadian dairy product(s) and/or further processed product(s) made with Canadian dairy ingredients. In order to meet this criteria, an applicant must demonstrate that:
  • the project involves reformulating a product with dairy (rather than developing a new/innovative product); OR
  • the product is not currently manufactured in Canada; OR
  • similar Canadian product(s) are not currently manufactured and sold in the province(s) where the organization intends to market the product; OR
  • similar Canadian product(s) are not currently manufactured and sold to the same clientele under the same distribution channel. 

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.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *