Natural Products Canada (NPC) – Fast-Track to Financing Program

Description:

The Fast-Track to Financing Program supports projects that help to create strong business or commercialization plans to attract public financing or private investment to support the development, and eventual market entry, of natural product or technologies (Technology Readiness Levels (TRL) 4-9).

Comments on Funding:

Funding will take the form of a contribution of up to 40% of the costs of the expert(s), to a maximum of $25,000.

The applicant is required to contribute at least 60% of the cost over the project period. NPC’s contribution is non-dilutive, non-repayable funding.

The combined level of financial assistance from all government sources (federal, provincial, territorial, municipal) can not exceed 75% of eligible costs by SMEs and start-up companies and 100% of eligible costs by academic research institutes.

Eligibility:

Minimum Eligibility Requirements:

  • Canadian incorporated SME, start-up company, or academic research institute.
  • Applicant has a novel pre-commercial (TRL 4-9) natural product or technology.
  • SMEs and start-up companies must have the potential to achieve $10MM to $15MM in annual revenue within a reasonable period for the market or sector.
  • Products or technologies being developed within academic research institutes must address an industry/sector challenge that has a significant market potential.
  • Potential for significant economic, social, health and/or environmental benefits.
  • Technological advancement and benefits to the natural products ecosystem across Canada.
  • Technical feasibility of the project.
  • Potential for commercialization in Canada.
  • Potential spillover benefits to more than one sector.
  • Potential for improving the representation of women, visible minorities, and Indigenous peoples in the natural products ecosystem.
  • A member of Canada’s Natural Product Innovation Cluster.

Other Things to Note:

  1. NPC is a not for profit focused on Canadian natural product innovations that can replace synthetic products to benefit people, animals and the planet.
  2. Applications are accepted on an ongoing basis.

Similar Posts

Leave a Reply

Your email address will not be published.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