Discover the Natural Products Canada program with Leyton! In this series of monthly videos, our consultant team will help you discover specific government grants available in Canada, and share key details.
For this episode, our Senior Government Grants Consultant, Antoine Giroir, will delve into the Natural Products Canada program, and explain how this program can help you fund your biologically-based innovations.
Examples of topics covered:
- What is the Natural Products Canada program?
- The components of the grants and the funding available
- Eligibility for the program
- And more!
About the Program
This program supports projects with a TRL of 4 to 9. A highly innovative product or technology resulting in proprietary intellectual property ready to establish the commercial feasibility of innovative natural products or technologies.
The Program does not support basic research, but rather supports activities that demonstrate commercial potential via animal, field, demonstration, or human trials. In other words, the funding is meant to advance development, commercialization, or de-risk subsequent investment.
Funding:
Canadian SMEs and start-up companies and academic research institutes can receive 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. It is non-dilutive and non-repayable.
The applicant will be required to contribute 60% of the cost over the project period. Successful applicants are required to pay a non-refundable project administration fee of 5% of total project costs plus GST/HST.
Minimum Eligibility Requirements
- 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.
- Potential for commercialization in Canada.
- 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.
Do you want to apply for grant ?
Companies or academic research institutes interested in applying to the Program should contact NPC at programs@naturalproductscanada.com.
At Leyton, our grants consultants can help you complete and optimize your program application and keep you up to date with the latest grants news and updates, all while you remain focused on your business.
If you wish to learn more information about this grant and how we can help you apply for it, contact one of our experts today!
