Natural Products Canada (NPC) is supporting $4.3M in commercialization activities for seven Canadian companies, including Bactana and Reazent, two Emergence clients. The companies, which are developing innovative solutions to address soil health and food production, food security and food waste, and human and animal health, are the successful applicant to NPC’s highly competitive Commercialization Programs, which support Canadian bio-based innovation.
“This group of innovators demonstrates the expansive range of food, nutrition, and agriculture solutions that can be addressed through bio-based technologies,” says Shelley King, CEO, Natural Products Canada. “The products range from biostimulants that support crop yields for Canadian farmers, to powerful new natural health formulas that can bring hope to those suffering from dementia and stroke.”
Bactana (Prince Edward Island): Bactana tackles the costly issue of obesity and diabetes in companion animals. The company receives $105,208 from the Proof of Concept Program to conduct product trials in cats and dogs.
Reazent (Nova Scotia): Reazent is creating biostimulants and biopesticides to help increase crop yield and soil health. The company receives $15,600 from the Fast Track To Financing Program to develop a regulatory plan.
“Our government continues to support innovation in agri-food, a sector that is benefitting all Canadians. The seven projects selected by Natural Products Canada will help develop ground-breaking food products and technologies to positively and directly impact Canadians in their lives. Congratulations to all recipients, the work you are doing is cementing Canada’s position as a world leader in your industry.” The Honorable François-Philippe Chapagne, Minister of Innovation, Science and Industry
NPC’s financial contribution comes through its Commercialization Programs, supported by the Government of Canada’s Strategic Innovation Fund, designed to help Canadian start-ups address critical gaps along their path to market. The three non-dilutive, non-repayable programs – Fast Track To Financing, Access To Talent, and Proof of Concept – address different needs, with varying maximum amounts ranging from $25,000 to $250,000.