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Natural Products Canada (NPC) has pledged over $1 million to support 10 emerging Canadian innovations in sustainable bio-based solutions. The recipients, representing a diverse range of start-ups and universities from across Canada, will receive funding for activities spanning from regulatory planning to field trials. NPC's strategic Commercialization Programs are designed to aid early-stage bio-based technologies in overcoming the challenges in bringing their products to the market.
NPC's Commercialization Programs are centered around bio-based innovation, which requires a biological component to the technology. This can range from active compounds found in plants to bacteria that perform crucial activities such as cleaning up contaminated sites. The recipients of NPC's funding are a testament to this focus, with solutions ranging from natural cleaning products and insect repellents to technologies that turn waste materials into fuels.
The Strategic Innovation Fund, a government-funded initiative, supports the Commercialization Programs. NPC requires each applicant to provide a compelling case for their innovation and the key challenge the Program funds will address. The goal of the program is to provide support for early-stage bio-based technologies and help them overcome obstacles to commercialization.
One of the key challenges many emerging technologies face is addressing gaps in their business plans. NPC's Commercialization Program aims to bridge these gaps by providing critical expertise to the teams of innovators. The Program also offers support in validating the technology at an industrial scale. This funding can make a significant difference in bringing a bio-based product to market, which can be a challenging endeavor for even the most innovative ideas.
NPC's contributions go beyond funding, as the Commercialization Program also covers activities such as regulatory planning and field trials. These types of support are often essential for emerging technologies that are subject to regulatory hurdles and need to be tested in real-world settings. With its strategic Commercialization Program, NPC is making significant contributions to the growing field of bio-based innovation.
Nature Recombined Sciences received a $250,000 award from Natural Products Canada to bring ApiSaveTM to market.
A $250,000 contribution from NPC can help fund safety and efficacy trials of Nature Recombined Sciences' natural product. These trials will not only help to protect honey bees from diseases, but they will also help to ensure that the product is effective and safe for human use. This contribution will help to support research into the health and behavior of honey bees, which is essential for understanding the factors that are contributing to their decline.
We are so grateful to Natural Products Canada for supporting us on our journey to save the bees. We are bringing ApiSaveTM to market to help keep our bees in good health and producing for farmers worldwide.
