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CFIN’s Innovation Booster Injects Two B.C. Food-Tech Firms with Fresh Capital

December 11, 2024 by Knowlton Thomas Leave a Comment

The Canadian Food Innovation Network this week revealed that it is awarding a total of $500,000 to 11 food-tech projects across Canada.

The funding, hailing from CFIN’s Innovation Booster Program, is set to be matched by industry for a total of $1M in investments.

The projects span a wide range of innovations, including the digitalization of food processing systems, enhancing the nutritional quality of alternative plant-based proteins, and product development involving sustainably sourced functional food ingredients.

“The diversity and creativity of Canada’s foodtech sector is on full display,” said Dana McCauley, CEO of the Canadian Food Innovation Network. “From cutting-edge AI applications to innovative health-focused products, each project will help aim us towards a more sustainable, efficient, and nutritious food system.”

“Innovations in the Canadian foodtech sector will allow the industry to improve processes through new technologies that will ensure the sustainability of food production for Canadians,” agreed federal minister François-Philippe Champagne.

Among the 11 projects, two hail from British Columbia.

One of those two is Freshline. The company is developing AI solutions to enhance order management for clients. This new technology aims to streamline processes and reduce manual workload for food service operators throughout Canada.

“At Freshline, we’re proud to be pushing the boundaries of what’s possible in foodservice technology,” says founder Robert Kirstiuk. “Our latest work with AI demonstrates our commitment to innovation, helping our clients achieve new levels of efficiency and focus on what matters most—serving their customers.”

“We’re excited about the potential of these tools to simplify complex processes and support food distribution operators across Canada,” the entrepreneur added.

Freshline previously received CFIN funding in 2023.

The other project receiving capital this month is Spoitz Enterprises.

Spoitz is investigating the fermentation of Canadian seaweed to enhance its functional food properties, such as antioxidant strength and gel structure. By optimizing low-cost processing, this project supports the development of seaweed-based products that simultaneously benefit marine habitats and marginalized coastal communities in Western Canada.

“There is tremendous capacity to develop unique bio-based seaweed platforms on Canada’s west coast by focusing on product-based solutions,” believes Spencer Serin, chief executive officer of Spoitz. “We remain committed to playing a role in defining unique properties of this sustainable resource and pushing the boundaries of current Canadian knowledge.”

CFIN’s Innovation Booster provides funding and support to small businesses to help them accelerate product development, overcome innovation hurdles, and validate market fit.

During this 11th round of Innovation Booster funding, CFIN received 58 applications from across the country.

In total, 61 Canadian foodtech companies have received a total of $5M from this program since it was established as part of Canada’s Strategic Innovation Fund in 2021.

Across all programs, the CFIN has awarded more than $20M to 91 Canadian foodtech projects.

Filed Under: News Tagged With: Canadian Food Innovation Network, Freshline, Spoitz

 

About Knowlton Thomas

Knowlton Thomas is Editor-in-Chief of The Midway Advance and Senior Writer for Techcouver. Over more than a decade of journalism, he has penned thousands of articles and dozens of essays on technology, health, and culture across a variety of publications.

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