Funding for high potential companies to hire an experienced individual

Canadian SMEs or start-up companies can receive up to 40% of the cost of a new employee’s salary to a maximum of $75,000 in order to carry out a project that supports the development of a natural product or technology.

Incorporated Canadian SME or start-up company with fewer than 10 employees.

• Company has a novel pre-commercial (TRL 4-9) natural product or technology.
• Potential to achieve $10MM to 15MM in annual revenue within a reasonable period for the market or sector.
• Potential for significant economic, social, health and/or environmental benefits.
• Technological advancement and benefits to the natural products ecosystem across Canada.
• Technical feasibility of the project.
• Potential for commercialization in Canada.
• Potential spillover benefits to more than one sector.
• Potential for improving the representation of women, visible minorities, and Indigenous peoples in the natural products ecosystem.
• Member of Canada’s Natural Product Innovation Cluster.

Give your application the best chance at approval. AKR Consulting has an 99% approval rating across all Canadian funding programs.