Food In Canada

More capital available to grow your natural product business in 2024

By Food in Canada Staff   

Business Operations Specialty Foods Health & Wellness Ingredients & Additives Natural Products Canada

Natural Products Canada (NPC) enhances its popular commercialization programs, which now provide up to $350,000 to early stage Canadian companies producing game-changing natural solutions to industry’s biggest challenges.

The changes come after in-depth examination of the current programs, including reviewing initial results and gathering extensive client feedback. Revisions include an expansion of eligibility criteria as well as an increase in available funds.

“NPC has always focused on filling real gaps for Canadian developers of natural products and solutions,” says Shelley King, CEO. “Our team’s approach to truly understanding the needs of the founders and their growth plans was an essential driver for these revisions.”

The changes impact two of NPC’s most utilized programs:

1) The Access to Talent Program, which helps innovative companies build out critical parts of their teams, now incorporates two streams to accommodate roles that require both medium and senior experience; and

2) The Proof of Concept Program, which supports the commercial validation of high innovation products, increases its maximum contribution to $350,000.

NPC will be hosting a series of regional webinars to review these changes.

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