Matching Investment Fund (MIF)

By mmuise
Description:

The Matching Investment Fund (MIF) provides eligible companies and Food Technology Centers (FTC) non-repayable contributions for product development projects on a matching investment basis.


Comments on Funding:

Funding is 50% of the eligible costs of the project, up to a maximum of $150,000 (before taxes). Of this amount, a maximum of $25,000 (before taxes) can be allocated to consultation activities, the remaining funds must be allocated to product development activities.

There is a small businesses incentive: funding goes up to 100% of eligible costs (before taxes) for the first $10,000 spent on a project (this includes up to $5,000 for consultation activities and up to $5,000 for product development activities). In the case of a project involving only one activity (consultation or product development), the amount eligible for 100% reimbursement is set at $5,000. Additional eligible costs (before taxes) will be reimbursed on a matching investment basis (50%).

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be dairy processors, finished food product manufacturers,
  • be Food Technology Centers (FTC),
  • be other types of organizations (milk marketing boards, food processor associations) that want to support projects from their members,
  • be registered in Canada;
  • demonstrate, to the satisfaction of the CDC, that the project meets at least one of the following criteria:
    a) incorporates a Canadian dairy ingredient in a product formulation where no dairy ingredient(s) had been previously used.
    b) replaces a substitute ingredient in a product formulation with a Canadian dairy ingredient, or significantly increases the dairy content of an existing product formulation.
    c) develops and markets a new dairy product or a product pursuant to the Dairy Innovation Program (DIP)

  • d) develop and markets a new or innovative further processed product containing Canadian dairy ingredients.
    e) includes technology/knowledge transfer activities having a demonstrated benefit for a company or for the Canadian dairy industry.
    f) the CDC reserves the right to refuse applications or cancel the program if funds are no longer available.
  • demonstrate that the new/innovative dairy product formulation or further processed product satisfies all the following criteria:
    a) the product has the potential to increase the use of raw milk components (in the case of a dairy product manufacturer) or Canadian dairy ingredients.
    b) the project involves a technical challenge associated with incorporating a Canadian dairy ingredient or developing an innovative dairy product.
    c) it uses dairy ingredient(s) which is/are made wholly or mainly from milk.
  • demonstrate that the dairy product formulation or further processed product will not risk displacing existing Canadian dairy product(s) and/or further processed product(s) made with Canadian dairy ingredients. In order to meet this criteria, an applicant must demonstrate that:
    a) the project involves reformulating a product with dairy (rather than developing a new/innovative product); OR
    b) the product is not currently manufactured in Canada; OR
    c) similar Canadian product(s) are not currently manufactured and sold in the province(s) where the organization intends to market the product; OR
    d) similar Canadian product(s) are not currently manufactured and sold to the same clientele under the same distribution channel.
Application Steps:

Applicants must:

1. first complete and submit the online MIF Project Summary Form,

2. submit the Project Application Form, if selected.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Date modified: 2022-11-02

About the author
mmuise