Grants and Contributions:

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Title:

815502

Agreement Number:

815502

Agreement Value:

$25,000,000.00

Agreement Date:

Jul 30, 2021 - Sep 30, 2036

Description:

This project supports Natural Products Canada (NPC). NPC is a national innovation network that connects businesses, researchers, investors, academic institutions, and innovation support organizations across Canada’s natural products sector. Through commercialization programs, advisory services, innovation hub activities, and ecosystem-building initiatives, NPC helps accelerate the development, commercialization, and adoption of innovative natural products, technologies, and services. The project supports company growth, technology development, knowledge transfer, and collaboration to strengthen Canada’s natural products ecosystem and enhance its global competitiveness. The project’s work phase is scheduled to end on September 30, 2027.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The project aims to accelerate
innovation and commercialization
within Canada’s natural products
sector by increasing collaboration
among businesses, researchers,
investors, and innovation partners.
Expected outcomes include the
growth and scale-up of innovative
Canadian companies, increased commercialization of natural products
and technologies, strengthened
knowledge transfer and partnerships,
enhanced access to investment and
commercialization expertise, creation
of highly skilled jobs, and increased
domestic and export sales. The
project is also expected to support the
development of a nationally
connected natural products
innovation ecosystem and contribute
to economic, health, and
environmental benefits across
Canada.

Location:

Charlottetown, Prince Edward Island, CA C1A8R8

Reference Number:

033-2021-2022-Q2-815502

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

812179927

Recipient Type:

For-profit organization

Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from (30/09/2033) to the current end date of (30/09/2036). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period.

Amendment Date

Jun 30, 2026

Recipient's Operating Name:

NATURAL PRODUCTS CANADA

Recipient's Legal Name:

NATURAL PRODUCTS CANADA

Federal Riding Name:

Charlottetown

Federal Riding Number:

11002

Program:

SIF Stream 5 - National Innovation Ecosystems

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

111999

Amendments:

See Amendments