Feds invest $50-million in agri-food sector
Funding focuses on long-term competitiveness of Canada’s agri-food industry
Research & Development
Saint-Hyacinthe, Que. – The federal government is investing $50 million in the long-term growth of Canada’s agricultural and agri-food sector. The funding will go towards the development and commercialization of new products, technologies and processes.
The national Agricultural Innovation Program (AIP) will support local initiatives and opportunities in industry-led science and technology projects, with the goal of bridging the gap between research and products in the marketplace.
According to the federal government, the program will help promote industry leadership, create jobs and increase profitability, while helping to deliver greater opportunities to producers and processors.
“Investing in innovation helps the agriculture sector exploit new, emerging opportunities and secure and increasing share in the marketplace,” said Jacques Gourde, MP for Lotbinière-Chutes-de-la-Chaudière, in making the announcement on behalf of Agriculture Minister Gerry Ritz, who made the same announcement in Regina, Sask. “Support for local initiatives will help bring innovative solutions directly to producers and communities, which is extremely important for the growth of the economy in Quebec and Canada.”
Funding for AIP comes through the next phase of Canada’s Economic Action Plan.