Proof of Concept Program
GrantCanada — federalUp to $350,000
The Proof of Concept Program supports Canadian SMEs, start-ups, and academic research institutes in establishing the commercial feasibility of innovative natural products or technologies (Technology Readiness Levels 4-9). Applicants can receive up to 40% of project costs to a maximum of $350,000 over an 18-month period, with the applicant contributing 60%. The program funds activities that demonstrate commercial potential through animal, field, demonstration, or human trials.
What you'll need
- Business registration certificate or proof of incorporation
- Project budget and detailed cost breakdown
- Technical specifications of the natural product or technology
- Market analysis and commercialization plan
- Management team qualifications and experience
- Proof of 60% cost contribution commitment
How it works
What it can fund
- Conduct animal, field, or human trials to demonstrate commercial feasibility
- De-risk investment in natural product or bio-based technology development
- Move intellectual property from research stage to near-term spin-out or licensing
- Advance technology from TRL 4-9 toward commercialization
- Develop new product formats or market applications
Related programs
- GrantAboriginal Entrepreneurship Program: Access to CapitalCanada — federal · $1,000 – $250,000
- GrantACOA — Business Development Program — Non-commercial componentNew Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador
- GrantACOA — Regional Artificial Intelligence Initiative (REGI)New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador