Grants and Contributions:

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Title:

820357

Agreement Number:

820357

Agreement Value:

$50,000,000.00

Agreement Date:

Jul 12, 2026 - Jun 25, 2039

Description:

This project supports Natural Products Canada (NPC), a national industry-led innovation network that connects Canadian companies, investors, researchers, academic institutions, and industry partners to accelerate the commercialization and scale-up of innovative bio-based products and technologies. Through advisory services, commercialization programming, funding initiatives, and network development activities, NPC will help early-stage Canadian companies access expertise, financing, market opportunities, and scale-up capacity while strengthening domestic food production, supply chain resilience, and Canada's bioeconomy. The project's work phase is scheduled to end on June 25, 2031.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The project aims to strengthen Canada's bioeconomy by supporting the growth and
scale-up of Canadian companies and increasing commercialization of innovative bio?based products and technologies. This project will create more than 550 jobs, generate over $1.8 billion in GDP and help NPC establish a new Capacity Building Fund that will support investments in food-related manufacturing and processing capacity and strengthen domestic food production, supply chain resilience and food security.

Location:

Charlottetown, Prince Edward Island, CA C1A 8R8

Reference Number:

033-2026-2027-Q2-820357

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

812179927

Recipient Type:

For-profit organization

Additional Information:

N/A

Amendment Date

0001-01-01T00:00:00

Recipient's Operating Name:

NATURAL PRODUCTS CANADA

Recipient's Legal Name:

NATURAL PRODUCTS CANADA

Federal Riding Name:

Charlottetown

Federal Riding Number:

11002

Program:

Pillar II - National Innovation Ecosystem

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. Increasing manufacturing capacity; Improving production efficiency through improvements to plant and equipment.

NAICS Code:

111999

Amendments:

See Amendments