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
Eligible activities for this grant include product development initiatives such as developing new products, reformulating existing products, knowledge transfer activities, technology transfer projects, and exploring new opportunities for solids non-fat ingredients.
- Development of new or innovative products
- Reformulation of existing products
- Knowledge transfer activities
- Technology transfer projects
- New opportunities for solids non-fat ingredients
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
The Matching Investment Fund (MIF) provides non-repayable contributions for product development projects on a matching investment basis to eligible companies and Food Technology Centres (FTC) in Canada.
- Eligible companies and Food Technology Centres (FTC) in Canada
- Product development projects that stimulate demand for Canadian dairy products and ingredients
grant_eligibility_criteria|who_can_apply
Eligible companies for the Matching Investment Fund (MIF) grant include Canadian dairy product manufacturers, food processing companies, and Food Technology Centres (FTC) with product development initiatives that promote Canadian dairy products and ingredients.
- Canadian Dairy Product Manufacturers
- Food Processing Companies
- Food Technology Centres (FTC)
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
There are eligible expenses for this grant. Eligible expenses include consultation services for product development advice, product analysis, trials, technology transfer, equipment retrofitting, sample preparation, and packaging techniques.
- Consultation services from specialists and experts
- Product analysis and trials
- Technology transfer projects
- Equipment retrofitting
- Sample preparation costs
- 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
- Step 1: Determine eligibility
- Review the eligibility criteria outlined in the program description.
- Confirm that your company or Food Technology Centre meets the requirements.
- Step 2: Prepare application materials
- Gather all necessary documents and information as specified in the application guidelines.
- Complete the required forms and provide details of the product development project.
- Step 3: Submit application
- Submit the application form and supporting documents by the deadline.
- Ensure all information is accurate and complete to enhance the chances of approval.
Apply to this program
Grant Summary
The Canadian Dairy Commission's Matching Investment Fund (MIF) provides non-repayable contributions for product development projects on a matching investment basis to support growth and innovation in Canadian dairy products and ingredients.
Canadian Dairy Commission's Matching Investment Fund (MIF)
The Canadian Dairy Commission's Matching Investment Fund (MIF) is a funding program dedicated to promoting the development and innovation of Canadian dairy products and ingredients. The MIF offers non-repayable contributions to eligible companies and Food Technology Centres (FTCs) for product development initiatives, focusing on new or innovative products, reformulation of existing products, knowledge transfer, technology transfer projects, and creating opportunities for solids non-fat ingredients.
Eligible recipients can access financial support for activities such as consultation, product development, and technology transfer. Consultation services provide access to specialists and experts for guidance on product development areas, while product development support includes product analysis, trials, technology transfer, and adoption of new technologies. Both types of services aim to encourage knowledge and technology transfer, fostering growth and innovation in the Canadian dairy industry.
The MIF is designed to stimulate demand for Canadian dairy products and ingredients, encouraging companies and FTCs to engage in projects that contribute to the advancement and competitiveness of the dairy sector. By supporting initiatives that drive product development and market expansion, the MIF plays a vital role in fostering a thriving environment for Canadian dairy producers and manufacturers.
Companies and FTCs interested in accessing the MIF can leverage this funding opportunity to enhance their product offerings, explore new market opportunities, and invest in innovative solutions that showcase the quality and versatility of Canadian dairy products. With the support of the MIF, stakeholders in the dairy industry can embark on projects that lead to the creation of cutting-edge products, increased consumer interest, and sustainable growth in line with the evolving demands of the market.
Overall, the Canadian Dairy Commission's Matching Investment Fund serves as a catalyst for innovation and development in the dairy sector, empowering businesses to explore new horizons, collaborate with experts, and elevate the Canadian dairy industry to new heights of excellence.
