Canadian agri-businesses are leading the way in creating new solutions to reduce emissions and make agriculture more resilient. The Government of Canada is supporting this effort by working with Canadian non-for-profit agtech organizations to help science-focused small- and medium-sized businesses develop innovative technologies that grow the economy, while protecting the environment.
Today, Danielle Martin, Member of Parliament for University–Rosedale, announced support of up to $3,250,000 in funding for MaRS Discovery District under the Agricultural Clean Technology Program Research and Innovation Stream – Accelerator (ACT Accelerator). MaRS Discovery District is one of six not-for-profit organizations that will fund projects that advance the development of clean technology for adoption in agriculture across Canada. Earlier today, MP Martin announced the full ACT Accelerator investment of up to $30 million on behalf of the Honourable Heath MacDonald, Minister of Agriculture and Agri-Food.
Through this ACT Accelerator project, MaRS Discovery District will further distribute funding to Canadian companies that are creating clean technologies for farming and the food industry, helping them to test and demonstrate how their ideas work. Additionally, MaRS will provide advice and support to help these companies improve and grow their technologies. This project aims to help make farming and food production more environmentally friendly, while facilitating connections between companies and investors and customers. Farm Credit Canada and other partners are also supporting this project.
This ACT Accelerator investment will help ensure that Canadian producers and agri-food businesses have access to a wider range of advanced technologies, contributing to a more competitive and climate-friendly sector.
Source : Newswire.ca