The Canadian Food Innovation Network announced this week that it is awarding $386,078 across four food-tech projects throughout the country, including one project that is based in Alberta.
The capital hails from CFIN through the organization’s Innovation Booster Program.
Industry will match these funds to create projects valued at $772,154, according to CFIN.
The Alberta project, “Scaling and Quantifying Food Rescue,” is being led by local upstart Knead Technologies.
Knead Tech is a software-based company that addresses the global challenge of food waste by streamlining food redirection.
Specifically, their technology automates supply chains, making it more efficient and effective in rescuing food and reducing waste.
Now, partnering with “food sustainability agencies,” Knead intends to launch six-month pilots to validate and test their food rescue lifecycle management platform.
Knead will receive over $96,000 from CFIN’s Booster program to refine their product based on pilot feedback, then build a scalable infrastructure that can handle the demands of the commercial market.
The ultimate goal of the project is to “transform Knead’s platform from a promising idea into a community-focused impact driver that can be commercialized worldwide,” according to a statement from CFIN.
Founded in 2022, Knead graduated from the THRIVE II Canada Accelerator last year.
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