Matching Investment Fund
Canada
Funding for dairy product development
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateMay 17, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- Canadian Dairy Commission (CDC)
- Government of Canada
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Get a non-repayable contribution of up to $150,000 for product development initiatives that help stimulate demand for Canadian dairy products and ingredients.
grant_single_labels|projects
This grant program does not specify any particular eligible geographical areas for application. Eligibility is not limited to specific regions based on the provided context.
grant_single|admissibleProjectsExample
$70,000
Calgary
Developing a dairy-free ice cream substitute using Canadian oat extracts
$95,000
Vancouver
Exploring new opportunities for using milk solids in protein supplements
$55,000
Montreal
Developing a new line of lactose-free cheeses tailored for health-conscious consumers
$85,000
Halifax
Knowledge transfer activities for the development of innovative dairy processing techniques
$70,000
Toronto
Reformulating yogurt to include higher protein content while using local dairy
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed activities.
- Eligible applicants must be companies or Food Technology Centres (FTC) involved in product development initiatives that stimulate demand for Canadian dairy products and ingredients.
grant_eligibility_criteria|who_can_apply
Eligible applicants include companies in the Canadian dairy industry and Food Technology Centres (FTC) that are involved in product development initiatives aimed at increasing demand for Canadian dairy products and ingredients. The funding is intended for those engaging in the development of new or innovative dairy products, reformulating existing products, and facilitating knowledge and technology transfers relevant to the dairy sector.
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for the Matching Investment Fund (MIF) grant. The following types of companies are not eligible:
- Companies that do not meet the eligibility criteria outlined in the program guidelines.
- Companies with projects that do not align with the objectives of the MIF grant.
- Companies that do not operate in the dairy product development industry.
- Companies that have previously received funding through the MIF grant and have not fulfilled their obligations.
grant_eligibility_criteria|eligible_expenses
This grant supports initiatives aimed at advancing the development and innovation of Canadian dairy products and ingredients. The eligible projects are focused on product development, reformulation, and the transfer of knowledge and technology within the dairy industry.
- The development of new or innovative dairy products.
- The reformulation of existing dairy products.
- Knowledge transfer activities related to dairy products.
- Technology transfer projects in the dairy sector.
- Exploring new opportunities for solids non-fat ingredients.
- Consultation services from specialists in management, market research, and food sciences.
- Product development activities including analysis, trials, and technology adoption.
grant_eligibility_criteria|zone
The grant covers specific expenses involved in product development projects aimed at enhancing the demand for Canadian dairy products and ingredients.
- Access to consultation services from specialists in product development, including management, market research, dairy and food science, technical services, and food processing.
- Expenses related to product analysis and trials, including technology adoption, and conducting tests at kitchen, lab, pilot, or industrial scales.
- Costs associated with retrofitting equipment necessary for product development.
- Preparation of samples and costs related to packaging techniques.
grant_single_labels|criteria
There are evaluation and selection criteria for the Matching Investment Fund grant:
- Alignment with program objectives
- Demonstration of innovation and potential market impact
- Technical feasibility and soundness of the project
- Potential for knowledge and technology transfer
- Financial viability and sustainability
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Review Eligibility
- Ensure your company or Food Technology Centre (FTC) meets the eligibility criteria.
- Step 2: Obtain Application Guide and Forms
- Visit the CDC’s Matching Investment Fund webpage to download the application guide and necessary forms.
- Step 3: Prepare Application
- Prepare a comprehensive proposal detailing the product development project, including objectives, expected outcomes, and budget.
- Gather any required supporting documents, such as technical specifications or letters of support.
- Step 4: Complete Online Application
- Access the online application system via the CDC’s website.
- Fill in the application form, ensuring all information is accurate and complete.
- Step 5: Submit Application
- Upload all required documents through the online system.
- Review submission for completeness and accuracy.
- Submit the application before the specified deadline.
- Step 6: Confirmation of Submission
- Receive a confirmation email acknowledging receipt of your application.
- Keep a record of your confirmation number for future correspondence.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Applicants may require a legal representative's authorization to apply on behalf of their organization.
- Confidentiality agreements may be necessary for intellectual property discussions during the project.
- A formal agreement is expected to be signed post-approval, detailing terms and conditions.
- A clearly defined timeline for project completion is essential to ensure timely delivery of milestones.
Apply to this program
Unlocking Opportunities with the Matching Investment Fund
The Matching Investment Fund (MIF) by the Canadian Dairy Commission provides targeted financial support to businesses and Food Technology Centres engaged in innovative dairy product development projects. The program seeks to stimulate demand for Canadian dairy ingredients through contributions that match investments toward creating or reformulating products and advancing technology transfer.
Dive Deep into the Benefits and Structure of the Matching Investment Fund
The Matching Investment Fund (MIF) is a strategic initiative under the auspices of the Canadian Dairy Commission, aimed at bolstering the innovation and market competitiveness of the Canadian dairy industry. By leveraging the MIF, eligible companies and Food Technology Centres can undertake bold steps in product development that emphasize the use of high-quality Canadian dairy ingredients. The fund specifically targets projects that aim to innovate or reformulate dairy products, thereby fostering a fertile ground for economic growth in the dairy sector.
Projects supported by the MIF can access funds for various facets of product development. This includes crucial consultation services from top-tier specialists in areas such as management and market research, dairy and food science, technical expertise, and food processing. Such consultations provide invaluable insights and guidance, ensuring that projects are well-grounded in innovative practices and up-to-date market trends.
Moreover, the fund underscores the importance of practical and technological innovation. It offers support for rigorous product analysis, feasibility trials, and technology transfer operations. This encompasses a wide array of activities, from mastering new technologies to optimizing existing systems, conducting kitchen-to-industrial scale tests, equipment retrofitting, sample preparation costs, and adept packaging solutions. By facilitating these activities, the MIF promotes a seamless integration of cutting-edge scientific and technological advances in everyday food manufacturing processes.
The strategic design of the MIF allows for both consultation and product development services to be accessed independently or in a synergistic manner, tailored to the specific dynamics of a given project. This flexibility ensures that each project can harness the specific competencies needed to maximize their success, encouraging both knowledge transfer and technological advancement across the Canadian dairy industry.
Another critical dimension of the fund is its emphasis on the exploration of new opportunities within the solids non-fat ingredient market. By tapping into this market segment, the fund seeks to diversify the uses of dairy ingredients, potentially leading to innovative products that can expand market reach and consumer base.
Overall, the Matching Investment Fund is designed not only to enhance product development capabilities but also to catalyze greater insights and technological know-how within the Canadian dairy landscape. The non-repayable contributions offered by the fund signify an important recognition of the critical role that innovation and strategic partnership play in achieving sustained growth and competitiveness in today's global food systems.
