CDC launches renewed Matching Investment Fund
August 1, 2012—The Canadian Dairy Commission (CDC) launched today its renewed Matching Investment Fund (MIF). This fund provides contributions to Canadian companies for product development projects on a matching investment basis.
The CDC has committed $500,000 over 2 years for this program. Through the MIF, dairy processors, food manufacturers and food technology centres can access up to $150,000 per project for consultation and product development.
New program features include:
In addition, many of the great features of the previous MIF remain:
- added flexibility and expanded eligibility criteria;
- simplified application process; and
- special provisions for small businesses.
The MIF benefits the whole supply chain, from producers to consumers. Demand for milk should increase, dairy and food product manufacturers get help with their innovation project and consumers get new and innovative products.
- reformulation projects are eligible for funding;
- innovators have the opportunity to use their own research and development facilities or external facilities;
- activities such as consultations with experts, product analysis, trials and technology transfer, industrial scale tests, retrofitting of facilities, sample preparation and packaging techniques are still eligible for funding;
- Program staff is available to answer questions, provide guidance during the application process and review draft applications prior to submission; and
- Projects which emphasize the use of solids non-fat (SNF) ingredients such as skim milk powder (SMP), milk protein concentrate (MPC) or liquid skim milk will be given priority and may be eligible for an increased level of funding.
The CDC will accept proposals for projects starting August 1, 2012. Information on the application process and the necessary forms are available at www.MILKingredients.ca.
For information regarding the program or how to apply, visit www.MILKingredients.ca or contact: