“This initiative gives significant support and momentum for the development of the Bioeconomy in Canadian agriculture and will be managed by BIC in its ongoing role to generate exciting new business opportunities and build bioproducts clusters across Canada,” said Dr. Murray McLaughlin, BIC Executive Director. “We have already identified a number of projects and activities that are ready to move forward with this funding. Our aim is to support and lead this research through early stage development with a viable focus on commercialization of the technologies to benefit Canadian agriculture.”
Funding is provided through Agriculture and Agri-Food Canada’s AgriInnovation Program (R&D Stream). The federal government assistance includes up to $5 million of non-repayable contribution funding for several research projects across Canada and up to $2,098,000 of collaborative research and development support for projects within AAFC research facilities.