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Proof of Concept Program

Supports projects to establish commercial feasibility of innovative natural products or technologies with potential benefits to society and environment, with up to 40% of project costs to a maximum of $350,000.

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Funding Amount

350000
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Eligible Applicants

Canadian incorporated SMEs, start-up companies, or academic research institutes with projects within TRL 4-9 and with the potential to achieve $10MM to $15MM in annual revenue.
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Eligible Activities

Supports projects to establish commercial feasibility of innovative natural products or technologies, including food production, bioproducts, sustainability, nutrition, health, wellness, animal health, water, waste management, and excludes IT and mechanical solutions.
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Deadline to Apply

2024-03-31

Apply for Funding

88%

Approval rating across all Canadian funding programs

93%

Average time savings to our clients, compared to
businesses that apply for funding in-house
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