Grants and Contributions:

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Title:

Seaweed Product Development and Commercialization Scale-up

Agreement Number:

1032734

Agreement Value:

$250,054.00

Agreement Date:

Jun 1, 2025 - Mar 31, 2027

Description:

This project will enable 7 Fathoms to scale its marine bioactive skincare business by advancing extract development, strengthening compliant production capacity, validating and expanding market channels, and supporting on-going regulatory readiness. Activities include the development of new products with putative skin protection and healing effects: formalizing extraction, formulation and production documentation: piloting scalable packaging: and preparing for distributor partnerships and marketing channels in the natural health products sector. These activities will drive national and international growth, positioning 7 Fathoms as a leader in marine bioactive skincare.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Grates Cove, Newfoundland & Labrador, CA A0A 2L0

Reference Number:

172-2025-2026-Q2-1032734

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

738128479

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by -61 days. The total amended value is 250,054 dollars.

Amendment Date

Sep 5, 2025

Recipient's Operating Name:

7 Fathoms

Recipient's Legal Name:

7 Fathoms Skin Care, Ltd.

Federal Riding Name:

Bonavista--Burin--Trinity

Federal Riding Number:

10002

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

4461

Amendments:

See Amendments