Federal government invests $20M in Natural Products Canada
By Food in Canada staffFood In Canada Natural Products Canada
Natural Products Canada (NPC) announces a strategic partnership with the federal government that will support its natural product innovation network of advice, connections, programs and investment to advance Canadian natural product innovation.
With $20 million in new support from the Government of Canada, NPC and its partners will help 500 Canadian companies developing natural products and technologies, such as nutrition supplements, feed ingredients, compostable packaging and environmental remediation.
“We are honoured to have the endorsement of the Government of Canada,” says Shelley King, CEO of Natural Products Canada. “With this new funding, NPC and its strategic network can help over 500 Canadian companies bring their innovative products and solutions to market where they can serve the needs of real customers in Canada and around the world.”
“Our government stands behind our brilliant innovators, to make sure they have access to the expertise, knowledge and resources to grow and reach markets all across our country. Our support will help Natural Products Canada bring together businesses, academia and industry players to reach untapped markets, grow their businesses, create jobs and provide natural, sustainable and healthy products for Canadians,” said François-Philippe Champagne, federal minister of innovation, science and industry.
NPC leverages the strengths and resources of multiple partners to support Canada’s Natural Product Innovation Cluster, a diverse and connected network of start-ups and SMEs, research institutes, investors, corporations and others involved in the research, development and commercialization of innovative natural products and technologies. Strategic partnerships include NPC’s node partners (the Prince Edward Island BioAlliance, the Institute of Nutrition and Functional Food, the University of Guelph, Bioscience Association Manitoba, Ag-West Bio, and BioAlberta) as well as many other provincial, regional and international governments, organizations, investors and corporations.
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