CDC launches investment fund

The Canadian Dairy Commission (CDC) announced in early June that is has launched its new Matching Investment Fund.

The fund is designed to encourage growth and innovation in the manufacture and use of Canadian dairy products and ingredients.

CDC’s commitments

The CDC has committed $6 million over three years for product development activities such as consultations with experts, product analysis, trials and technology transfer, industrial scale tests, retrofitting of facilities, sample preparation, and packaging techniques.

The maximum CDC contribution per project will be $50,000 for consultations and $250,000 for product development.

Each of these amounts will be matched by the participating companies either in cash or in kind.

The initiative is in line with Agriculture and Agri-Food Canada’s Growing Forward program as it shares its objectives of innovation for the benefit of the agri-food industry.

The CDC is a federal crown corporation. It helps design, implement and administer policies and programs to address dairy producer and processor needs.