Prepared by Inflection Venture Partners · Embedded Growth Capital Advisory
Non-Dilutive Funding + SR&ED
📋 July Recap
InvitedISED Strategic Response Fund — invited to full application. The EOI went in Jul 16 on a $10,000,000 ask, and ISED confirmed the same day that the project meets eligibility criteria and issued the full application package under the Food Security Call for Proposals.
SubmittedAAFC AgriScience EOI submitted Jul 16 — $1,500,000 ask (up to 70% cost-share against a $5M program ceiling).
Full SRF dossier built out over the last week of July and delivered for your review Jul 31 — full application, Annexes A through D, contribution agreement, plus eight supporting attachments including three-year financial statements, revenue model and forecast, corporate structure, market research, the GRAS dossier and consensus panel statement, and the Amsterdam Brewery costing proposal.
DeliveredPhase Genomics investment memo delivered Jul 10, drafted against two scenarios given the database sale — either path unlocks funding opportunities, which was the point of running it both ways.
Coefficient Giving Alt-Protein RFP scoped — Round 1 closes Aug 10 at $100K–$1M USD per award against a $10M pool, with Round 2 at $1M–$5M on Sept 15. Full portal question set extracted and mapped.
NPC Proof of Concept greenlit and submitted — worth approximately $350K if approved. Nicely timed against NPC's Jul 28 programs announcement, which you remain eligible for.
Grains Innovation Fund added to the tracker for the fall reopening, and the Jul 14 scan established the binding constraint across the portfolio: match funding. The sequencing implication is to line up debt first, then use committed debt as the match. It also surfaced a real fork — Ontario's OMMITC requires M&P property in Ontario while Alberta's APITC requires the facility in Alberta. Mutually exclusive on the same asset.
🔭 August Outlook
ISED SRF full application — deadline Aug 4.
Coefficient Giving Round 1 — Aug 10, 5:00 p.m. PT.
Clean Agri-Tech Accelerator (CATA) — Aug 19, up to $200,000.
CAAIN Open Competition — Aug 7. Worth a conversation rather than an assumption: CAAIN's mandate centres on on-farm production technology, and precision-fermentation casein reads as food and bio-manufacturing. There is also a gate requiring cash contributions from two or more Canadian SMEs.
Coefficient Giving Round 2 — Sept 15 at the $1M–$5M band.
AgriScience EOI decision expected roughly 30 days from the Jul 16 submission.
Ontario AMIC — Sept 23. Before spending drafting time, we need to resolve whether three years of audited or review-engagement financial statements exist, and confirm the 50% federal-plus-provincial cap does not collide with SRF.
Confirm the CFIN True North report and claim went in — it was due around Jul 14 and remains open on our side.