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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.
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.
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.
Companies or academic research institutes interested in applying to the Program should contact NPC at email@example.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.
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