Natural Products Canada’s new Proof of Concept Program (POC Program) addresses a consistent gap within the Canadian natural product ecosystem; funding to validate commercial applications of natural products or technologies.
“Our network has been telling us that proof of concept testing is a real challenge,” says Shelley King, CEO of Natural Products Canada. “They need to validate their products, but it’s difficult to find the funds from either government programs or private capital.”
“The program targets projects that go beyond basic research or early product development,” says King. “We’re looking at things like preliminary animal, field, demonstration or human trials that verify the commercial potential of the technology.”