Ag-West Bio – Technology Commercialization Investment Fund
SK, Canada
Loans or equity for Saskatchewan bioscience and agtech commercialization
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Professional, scientific and technical services
grant_single|grantors
- Government of Saskatchewan
- Ag-West Bio
grant_single|status
grant_card_status|open
grant_single_labels|preview
Injection of $50,000 to $300,000 into early stage companies in the agricultural biotechnology, bioproducts, bioprocesses, natural health products and functional foods sectors.
grant_single_labels|projects
This grant is available to companies specifically located within Saskatchewan. Eligibility is tied to incorporation within this province to ensure benefits to the local bio-science and ag tech sectors.
- Companies must be for-profit and incorporated in Saskatchewan.
grant_single|admissibleProjectsExample
$200,000
Moose Jaw
Development of an organic pesticide with minimal environmental impact
$265,000
North Battleford
Enhancement of an innovative bioproduct for soil revitalization in prairie agriculture
$250,000
Saskatoon
Development of an innovative bio-fertilizer tailored to Canadian prairie crops
$230,000
Swift Current
Commercialization of a new natural health product extracted from local plants
$300,000
Prince Albert
Development of a bioprocess to recycle agricultural waste into renewable energy
$270,000
Regina
Creation of a plant-based protein product for local and international markets
grant_single_labels|admissibility
Eligibility for this grant is determined by key criteria related to the company's business plan, structure, and market potential.
- The company must have a detailed business plan outlining extensive benefits to Saskatchewan's bio-science and/or ag tech industries, including job creation, economic activity, wealth creation, and the introduction of innovative technology, product or service.
- The company should contribute to an increase in research or commercialization knowledge capital and have a significant environmental impact.
- The company must be a for-profit, Saskatchewan incorporated entity with a strong financial return opportunity.
- The company should have a proven core technology capable of scaling and creating measurable change.
- The company must have an addressable market with defined market partners and demonstrated market traction.
- The company should have a capable team focused on revenue and commercialization.
grant_eligibility_criteria|who_can_apply
Some eligible types of companies for the Ag-West Bio Technology Commercialization Investment Fund include those with innovative technologies or products that bring extensive benefits to Saskatchewan's bio-science and/or ag tech industries. These companies must be for-profit, Saskatchewan incorporated, have a strong financial return opportunity, a proven core technology, and a capable team focused on revenue and commercialization.
- Companies with a detailed business plan outlining benefits to Saskatchewan industries
- For-profit, Saskatchewan incorporated companies with strong financial potential
- Companies with innovative technologies/products for bio-science or ag tech
- Companies with a proven core technology that can scale and create measurable change
- Companies with a capable team focused on revenue and commercialization
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.
- Non-profit organizations or any non for-profit structures as the grant mandates a for-profit status.
- Companies that are not incorporated in Saskatchewan, as the grant specifically targets Saskatchewan-based companies.
- Businesses that do not operate within the bio-science or ag-tech industries.
- Companies lacking a proven core technology that is capable of scaling and creating measurable change.
- Enterprises without a detailed business plan that demonstrates economic and environmental benefits to Saskatchewan.
grant_eligibility_criteria|eligible_expenses
Eligible projects for this grant involve initiatives that facilitate the commercialization of innovative technologies within Saskatchewan's bioscience and ag tech sectors. These projects should demonstrate the potential for significant long-term benefits and provide a clear commercialization pathway.
- Projects that leverage innovative new technologies, products, or services for the bioscience and ag tech industries.
- Initiatives aimed at job creation, economic activity stimulation, and wealth generation within Saskatchewan.
- Activities that enhance research or commercialization knowledge capital.
- Projects with measurable environmental impact.
- Early-stage developments with a scalable proven core technology.
- Projects with defined market partners and demonstrated market traction.
grant_single_labels|criteria
There are evaluation and selection criteria for the Ag-West Bio Technology Commercialization Investment Fund. Companies must meet criteria such as having a detailed business plan that brings extensive benefits to Saskatchewan bio-science and/or ag tech industries, being a for-profit Saskatchewan incorporated company, and having a capable team focused on revenue and commercialization.
- Have a detailed business plan that outlines extensive benefits to Saskatchewan bio-science and/or ag tech industries
- Be a for-profit, Saskatchewan incorporated company with a strong financial return opportunity
- Have a proven core technology that can scale and create measurable change
- Have an addressable market with defined market partners and demonstrated market traction
- Have a capable team with a focus on revenue and commercialization
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Initial Contact
- Contact Ag-West Bio’s Director of Investment and Commercialization, Kyle Adams, to discuss investment readiness and gather preliminary information.
- Step 2: Develop Commercialization Milestone Plan
- Work with Ag-West Bio management to develop a unique commercialization milestone plan tailored to your company's goals.
- Ensure the plan demonstrates exceptional long-term benefit to Saskatchewan and a clear pathway to commercialization.
- Step 3: Business Plan Preparation
- Prepare a detailed business plan highlighting benefits such as job creation, economic and wealth activity, and innovative technology or services.
- Ensure the business plan meets all eligibility criteria.
- Step 4: Submit Business and Commercialization Plans
- Compile all necessary documentation, including your business plan and commercialization milestone plan.
- Submit the completed application package to Ag-West Bio for review.
- Step 5: Due Diligence and Approval Process
- Participate in a thorough due diligence process conducted by Ag-West Bio.
- Undergo a prescribed approval process for potential investment consideration.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The structure of the investment includes a flexible and patient risk capital setup, often not available through traditional capital sources.
- The investment typically involves both a loan and a royalty based on company revenue, allowing for a potentially lower immediate financial burden.
- The fund prioritizes technologies and initiatives that show potential for long-term benefit to the region of Saskatchewan.
- Given the limited number of companies that receive investment, the selection process is highly competitive and undergoes thorough due diligence.
Apply to this program
Investment Support for Early Stage Bio-Based Companies in Saskatchewan
The Ag-West Bio Technology Commercialization Investment Fund offers repayable investment capital to qualifying early-stage companies, facilitating the commercialization of innovative technologies in the bio-sciences and ag-tech sectors. This fund is specifically geared towards companies capable of bringing a significant long-term benefit to Saskatchewan, fostering economic activity, job creation, and environmental sustainability.
Detailed Insights into Ag-West Bio's Technology Commercialization Investment Fund
The Ag-West Bio Technology Commercialization Investment Fund stands as a pivotal opportunity for budding enterprises in the bio-sciences and ag-tech industries, especially those looking to gain a stronghold in Saskatchewan’s dynamic economic landscape. By providing repayable investment capital ranging from $50,000 to $300,000, Ag-West Bio seeks to bridge the funding gap for innovative early-stage technologies that struggle to attract conventional financing due to high risks. This crucial funding not only supports technological advancements but also emphasizes the importance of job creation, burgeoning economic activity, and wealth generation in the region.
Geared towards achieving tangible impacts, this fund prioritizes projects that promise substantial long-term benefits to Saskatchewan. It supports those with clearly defined pathways to commercialization, addressing key developmental milestones essential for business scalability and market entry. Companies that qualify for this fund are expected to bring novel technologies or services to market, contributing positively to the regional ecosystem by enhancing research capabilities and commercial knowledge.
Ag-West Bio, through this fund, endeavors to buttress companies with a solid business framework. The eligibility criteria ensure that only for-profit ventures incorporated within Saskatchewan and displaying a robust potential for financial returns are considered. This strategic selection process is designed to amalgamate promising innovations with a secure financial backing, thus amplifying their impact and reach within the larger market.
Successful applicants are also required to demonstrate significant market traction, alongside a capable and focused team dedicated to achieving revenue and commercialization goals. By aligning with defined market partners, these companies can leverage additional support and resources facilitated by Ag-West Bio’s vast network of industry stakeholders and research partners. Such synergies are instrumental in navigating the complex commercial landscapes.
The financial arrangements under the Ag-West Bio Technology Commercialization Investment Fund are thoughtfully structured to mitigate risk while ensuring rewarding outcomes. The financing typically takes the form of a strategic loan paired with a royalty agreement based on the company’s revenue. This flexible and patient capital model is designed to encourage sustainable growth and innovation, paving the way for transformational changes within the bio-sciences domain.
Moreover, the competitive selection process prioritizes applications that not only showcase innovative potential but also illustrate a committed approach to maximizing the socio-economic impacts in Saskatchewan. Through meticulous due diligence and a rigorous approval mechanism, Ag-West Bio ensures that its investments are directed towards initiatives poised to deliver measurable and lasting contributions to the community and industry standards.
In summary, the Ag-West Bio Technology Commercialization Investment Fund is essential for visionary companies seeking to navigate the intricate transition from development to market readiness. By focusing on commercialization, fostering connections with market networks, and providing strategic financial support, Ag-West Bio promotes a robust platform for emerging technologies that can redefine Saskatchewan’s bio-science and ag-tech landscapes. Interested parties are encouraged to contact Kyle Adams, the Director of Investment and Commercialization at Ag-West Bio, to explore this extraordinary opportunity further.
