TORONTO, - 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, Chi Nguyen, Member of Parliament for Spadina–Harbourfront, announced support of up to $7,000,000 in funding for Ontario Genomics under the Agricultural Clean Technology Program Research and Innovation Stream – Accelerator (ACT Accelerator). Ontario Genomics 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, Danielle Martin, Member of Parliament for University–Rosedale, 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, Ontario Genomics will further distribute funding to Canadian companies to support the development and demonstration of clean technologies from start-up to scale-up. Ontario Genomics, in partnership with Genome Prairie and Genome Alberta, will run the HARVEST accelerator project. The goal is to support life science innovations in Canada's agri-food sector that help reduce greenhouse gas emissions and improve environmental sustainability. Additionally, HARVEST will provide advice and support to help these companies improve and grow their technologies.
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