Canadian businesses and organizations in the Agriculture and Agri-Food sector attracted more than $12 million in funding last week, reveals data gathered by The Funding Portal.
Agriculture and Agri-Food is one of Canada’s leading industry sectors, generating $103.5 billion in revenues in 2012, or 6.7% of the country’s GDP. Of the top 500 companies to secure government funding in 2013, 43 were in the Agriculture and Agri-Food sector. These companies secured a combined $89.7 million, for an average award of $2.1 million.
Last week, Bioindustrial Innovation Canada received $7 million from the federal government to launch a first-of-its-kind national bioproducts cluster. This cluster will help bridge the gap between research and commercialization by connecting technology development projects across the country. The expected results will put farm waste to profitable use. Funding was provided through the Industry-led Research and Development stream of Agriculture and Agri-Food Canada’s AgriInnovation Program. The program will deliver up to $698 million in funding over five years under the Growing Forward 2 policy framework.
The program offers funding under two streams: Industry-led Research and Development, and Enabling Commercialization and Adoption. The total maximum contribution under both streams is $10 million per year per applicant.
Leamington, Ontario-based Competitive Green Technologies also received funding of $3 million under the AgriInnovation Program last week to lead collaborative pilot-scale testing of purpose-grown agricultural fibres and residues in bioplastic and biocomposite products, leading to new uses for non-food crops in industrial materials. Natural fibre composites are rapidly growing in popularity as a recyclable low-cost substitute to synthetic, petroleum-based fibre composites.
Another active fund under Growing Forward 2 is the AgriMarketing Program, a five-year, $341-million initiative. The Canadian Livestock Genetics Association received $1.6 million from the fund last week to help open new export markets for Canadian dairy and small ruminants genetics.
Funding under the AgriMarketing Program is available to both small and medium-sized enterprises (SMEs) and nonprofits. SMEs are eligible to apply for a grant of up to $50,000 per year to support their advertising, branding and promotion activities, as well as their participation in events, such as trade seminars, tradeshows, and exploratory missions.
A third fund is available under Growing Forward 2 – the $114.5 million AgriCompetitiveness Program. The program aims to help the sector adapt to rapidly changing and emerging global and national market trends. The fund is delivered under three streams: Facilitating Sector Capacity, which supports value chain roundtables; Fostering Business Development, which helps nurture entrepreneurial capacity, skills development, and industry leadership; and Facilitating and Supporting a Modern Regulatory Environment, which facilitates collaboration between industry and regulators.
Five more companies in the Agriculture and Agri-Food sector secured funding last week. Learn more about these companies through the portal’s FundingAwardsTM service, or try the portal’s Search Widget to access the 800 government funding programs applicable to organizations in the Agriculture and Agri-Food sector.