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Natural Products Canada
Wage subsidies for natural product or technology companies
Helps Canadian small businesses and start-ups pay for new employees' salaries while developing natural products or technology. Covers up to 40% of the salary cost, to a maximum of $75,000.
Non-repayable funding, up to 40% of the new employee's salary costs (max $150,000), for Canadian SMEs/startups to hire an experienced individual for up to 18 months. Supports roles in product/technology development, business development, regulatory strategy, scale-up, marketing/sales strategy, and fundraising for natural product/technology projects.
Business Size: small
Industries: natural products, technology
Region: Canada
Revenue Range: $10M - $15M
Other Criteria: Incorporated Canadian company with fewer than 25 employees, Member of Natural Products Canada, Company has a novel natural product or technology that aligns with NPC’s definitions of bio-based innovation (leverages naturally-occurring molecules), Project fits within Technology Readiness Levels (TRL) 4-9, Potential for significant economic, social, health, and/or environmental benefits, Potential for technological advancement and benefits to the natural products ecosystem across Canada, Technical feasibility of the project, Potential for commercialization in Canada, Potential for spillover benefits to more than one sector, Desired outcome: Potential for improving the representation of women, visible minorities, and Indigenous peoples in the natural products ecosystem, Hiring a new full-time employee (not previously a full-time employee with the company), New employee must spend 100% of their time on project-related activities, New employee must have 5-9 years experience (Stream 1) or 10+ years experience at a senior level (Stream 2)
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This program is available to small businesses in natural products, technology industries located in Canada.
This program offers funding up to $150,000.
This program accepts applications on a rolling basis.
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