For a project to be considered eligible for co-investment, it must:
- Non-Canadian entities can participate in a consortium, based on approval by Protein Industries Canada.
- Each member of the consortium must contribute to the project in a meaningful way.
- All organizations listed on the proposal should be aware and agree to their inclusion in the submission.
Applicants must complete and submit the Application Package, which consists of the following documents (PIC’s templates will be made available):
✓ Project Application Form (same document regardless of project size);
✓ Project Plan, including a Financial Workbook. Projects up to CAD$499,999 will complete a Simplified Plan and a Financial Workbook, whereas projects over CAD$500,000 will complete a Full Project Plan and Financial Workbook.
The application package will go through a pre-screening process from PIC staff to assess eligibility.
If the project is approved on the pre-screening, project will be evaluated by the Project Approval Committee (PAC).
Other Things to Note:
- PIC is an industry-led, not-for-profit, value-chain consortium created to position Canada as a global source of high‑quality plant protein and plant-based co-products. PIC will build on Canada’s strengths to substantially increase global market share in novel protein (and co-product) fractions, ingredients, food and feed products, and technologies, contributing to Canada’s economic growth and international trade balance. This will occur by mobilizing and enhancing Canada’s agri-food innovation capacity in support of industry driven market priorities and needs.
- Projects may be of one or two years or be completed before March 31, 2023. We encourage project proponents to consider multi-year projects in their proposal.
- The Capacity Building strategy will support growth and help build capability in the sector and strengthen our ecosystem in seven key priority areas: Labour, Skills and Access to Talent; Regulatory Modernization; Data and ICT Management; Intellectual Property Literacy; Infrastructure; Access to Capital; and Global Brand and International Engagement.