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BC Food Tech Companies Cibotica and Freshline Receive New Funding from Canadian Food Innovation Network's Innovation Booster Program
Thursday, June 1, 2023
Two BC Foodtech Projects Receive $175,000 Funding Through Canadian Food Innovation Network's Innovation Booster Program
Vancouver, BC, June 1, 2023--(T-Net)--The Canadian Food Innovation Network (CFIN) is investing $174,649 into two foodtech projects in British Columbia funded through the organization's Innovation Booster Program.
Industry will match these funds to create projects valued at just under $350K.
The Innovation Booster funding recipients in BC are:
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Project Lead: Cibotica Inc. (British Columbia)
Project Title: Universal Food-Safe Dispensing Mechanism for Food Makelines
Funding: $90,741
Cibotica is developing a food-safe version of a universal dispensing mechanism and associated control algorithms to be used in their robotic salad and bowl makeline. The BC-based food tech company has already developed an ingredient-agnostic dispensing mechanism that's capable of dispensing most ingredients regardless of their shape, size, and preparation method. The focus of this project is to ensure the dispensing mechanism is food-safe and optimized for performance using advanced control algorithms.
The successful completion of this project will optimize the speed, accuracy, and reliability of the robotic salad and bowl makeline used in many food service environments, leading to significant increases in productivity and efficiency.
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Project Lead: Freshline (British Columbia)
Project Title: Innovating the Global Food Distribution Supply Chain
Funding: $83,908
Freshline is building out the core functionality of its new B2B e-commerce platform that will enable food distributors and retailers to transact online in ways that were not previously possible. Improvements include a turnkey integration management tool that allows suppliers to connect their ERP, accounting, inventory, or operations management platform to Freshline via API, webhooks, or FTP. Food distributors in Canada and the US will get access to a first-of-its-kind software that streamlines and automates manual sales and operations work.
Souroush Sefidkar, Founder and Co-CEO, Cibotica
"Thanks to the funding from the Canadian Food Innovation Network, we are able to optimize our universal ingredient dispensing and portioning technology. This technology is capable of dispensing most ingredients regardless of their shape, size, and preparation method. This support will expedite the commercialization of our robotic makeline, which has the potential to solve the most prominent pain points and inefficiencies in the restaurant industry" stated Souroush Sefidkar, Founder and Co-CEO, Cibotica.
Robert Kirstiuk, Co-Founder and CEO, Freshline
"We are incredibly excited at Freshline to be backed by CFIN under the Innovation Booster program. We're very optimistic on our ability to use these funds to further advance the Canadian innovation landscape and are grateful to have this support."
said Robert Kirstiuk, Co-Founder and CEO, Freshline.
Dana McCauley, CEO, Canadian Food Innovation Network
"These six projects showcase how diverse, innovative, and ambitious Canadian foodtech companies are. These startups are developing novel processes, creating first-to-market technologies, and tackling some of the biggest challenges facing our food sector. Food innovation is thriving across the country and we're extremely excited about the global potential of these projects." said Dana McCauley, CEO, Canadian Food Innovation Network.
About The Innovation Booster Program
The Innovation Booster provides flexible and rapid support to Small or Medium Enterprises (SMEs) as they address food innovation challenges or technical hurdles that have created barriers to achieving their commercialization goals.
The Innovation Booster is administered by CFIN, which is supported by the Government of Canada's Strategic Innovation Fund.
About The Canadian Food Innovation Network (CFIN)
The Canadian Food Innovation Network (CFIN) is a national, member-based organization that's stimulating transformative and transferrable innovation across the Canadian food sector. We connect the Canadian food ecosystem to fresh insights, ideas, and technologies to elevate their business and increase their innovation capacity.
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