Fast-Track to Financing Program

May 17, 2023

In Canada SME's Funding for the Digital Industry Research & Development Funding for Company Expansion Canada Technology
Fast-Track to Financing Program

FUNDING OF UP TO $25,000 TO SUPPORT entrepreneurs!

The Fast-Track to Financing Program supports projects that help to create strong business or commercialization plans to attract public financing or private investment to support the development, and eventual market entry, of natural product or technologies (Technology Readiness Levels (TRL) 4-9).

Funding overview

Successful applicants will receive a contribution of up to 40% of the costs of the expert(s), to a maximum of $25,000.

The applicant is required to contribute at least 60% of the cost over the project period. 

Eligibility Requirements

  • Canadian incorporated SME, start-up company, or academic research institute.
  • The applicant has a novel pre-commercial natural product or technology that aligns with NPC’s definitions of natural products or technologies and must also fit within the TRL 4-9 of the Government of Canada’s established Technology Readiness Levels.
  • SMEs and start-up companies must have the potential to achieve $10MM to $15MM in annual revenue within a reasonable period for the market or sector.
  • Products or technologies being developed within academic research institutes must address an industry/sector challenge that has significant market potential.
  • Potential for significant economic, social, health and/or environmental benefits.
  • Technological advancement and benefits to the natural products ecosystem across Canada.
  • Technical feasibility of the project.
  • Potential for commercialization in Canada.
  • Potential spillover benefits to more than one sector.
  • Potential for improving the representation of women, visible minorities, and Indigenous peoples in the natural products ecosystem.
  • A member of Canada’s Natural Product Innovation Cluster.

Eligible Activities

The Program supports the costs of engaging one or more experts (external consultant or another service provider) to assist in strengthening or revising the business or commercialization plan. This could include all or a subset of the following components:

  • Market, Customer, & Competitive Analysis
  • Value Proposition
  • Regulatory Plan
  • IP Plan
  • Financial Plan
  • Production Plan

Deadline

There is no deadline to apply. Applications made after all annual funding has been distributed may be considered for the next financial year.

Need some advice?

Not sure if your organization qualifies for government funding? Schedule a free assessment with us today.

Let's Connect
Language & Region

EN | FR | USA  

Legal

Privacy Policy

Terms of Use

Our Company

At GrantMatch, we acknowledge that our headquarters are situated on the Treaty Lands of the Mississaugas of the Credit First Nation, as well as the Traditional Territory of the Haudenosaunee, Huron-Wendat, and Anishinabek people. This land is covered by the “Dish With One Spoon” wampum agreement. We respectfully recognize that these lands’ original inhabitants and caretakers are First Nation and Métis people, and we are deeply grateful to be able to work on this land. As a remote team with employees across Turtle Island, also called North America, we would like to acknowledge the importance of the land that each of our team members calls home. GrantMatch actively encourages employees to learn about the history of the land on which they are situated and their local Indigenous peoples.