Grants and Contributions:
Title:
Seaweed Product Development and Commercialization Scale-up
Agreement Number:
1032734
Agreement Value:
$378,147.00
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 expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
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 total amended value is 22,093 dollars.
Amendment Date
Mar 13, 2026
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
Program Purpose:
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Coverage:
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity.
NAICS Code:
4461
Amendments: