Perennia — Seafood Accelerator Program

📋 Eligible Entities - Small to medium-sized seafood enterprises (primary focus) - Seafood processors and producers - Value-added seafood product developers - Seafood businesses operating in Canada (with priority to Atlantic Canadian companies) - Sole proprietors, partnerships, and corporations in the seafood sector - Businesses with demonstrated seafood production or processing operations ### 💰 Funding Details - Maximum Grant Amount: $15,000 per project - Cost-Share Requirement: 50% matching contribution (your business must cover the remaining 50%) - Total Project Value: Minimum $30,000 (since grant covers 50%) - Repayability: Non-repayable grant (funds do not need to be returned) - Frequency: Typically available on a rolling or annual basis (verify with program administrator) ### 🛠️ Approved Expenses - Product Development: New value-added seafood product formulation and testing - Technical Problem-Solving: Addressing production or quality challenges in existing products - Food Safety Upgrades: Implementation or enhancement of food safety programs and certifications - Market Expansion: Market research, marketing materials, and activities to access new markets - Related Professional Services: Consulting, testing, and technical expertise to support eligible activities - Equipment & Materials: Directly tied to approved project activities ### ⚠️ Conditions & Milestones - Matching Funds: Applicant must secure and document 50% of project costs from own resources or other sources - Project Plan Required: Detailed proposal outlining objectives, timeline, budget, and expected outcomes - Food Safety Focus: Projects must demonstrate commitment to maintaining or improving food safety standards - Reporting & Accountability: Recipients must track expenses and provide progress reports to Perennia - Project Completion: Funds must be used within agreed timeframe (typically 12–18 months) - Documentation: All expenditures require receipts and proof of payment - Eligibility Verification: Business must meet seafood industry criteria and be in good financial standing - Milestone Tracking: Program may require progress updates at predetermined project stages