Amount:
$ 250,000.00
Type of Program:
Grant
Description:
The Proof of Concept Program supports projects that help to establish the commercial feasibility of innovative natural products or technologies (Technology Readiness Levels (TRL) 4-9) to advance development, commercialization, or de-risk subsequent investment.
The Program does not support basic research, but rather supports activities that demonstrate commercial potential via animal, field, demonstration, or human trials.
For companies, the Program is intended to demonstrate commercial feasibility of products and technologies.
For academic research institutes, the Program is intended to move a product or technology from intellectual property disclosure to near term spin-out and/or licensing opportunities.
Comments on Funding:
Funding is up to 40% of the cost of the proof of concept project to a maximum of $250,000 over a maximum 18-month project period.
The applicant will be required to contribute 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.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
Minimum Eligibility Requirements:
Applications Steps:
Companies or academic research institutes interested in applying to the Program should contact NPC at programs@naturalproductscanada.com.
An NPC team member will follow up with the applicant to review the Minimum Eligibility Requirements, in addition to the scope of the potential project.
Applicants that meet the eligibility assessment will be invited to submit an application.
Other Things to Note:
- 1NPC is a not for profit focused on Canadian natural product innovations that can replace synthetic products to benefit people, animals and the planet.
- 2Applications are accepted on an ongoing basis.
Program Contact:
