Canadian agri-businesses are leading the way in creating new solutions to reduce emissions and make the agri-food sector more resilient. The Government of Canada is supporting this effort by working with Canadian non-for-profit agri-food organizations to help science-focused small- and medium-sized businesses develop innovative technologies that grow the economy, while protecting the environment.
Today, during her visit to Bioenterprise Canada Corporation in Guelph, Dominique O'Rourke, Member of Parliament for Guelph, announced support of up to $3,250,000 in funding for Canadian Food Innovation Network Inc. (CFIN) under the Agricultural Clean Technology Program Research and Innovation Stream – Accelerator (ACT Accelerator). Canadian Food Innovation Network Inc. is one of six not-for-profit organizations that will fund projects that advance the development of clean technology for adoption in the food and beverage sector across Canada. 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, on May 8.
With support from ACT Accelerator, CFIN will further distribute funding to Canadian companies that are creating new and cleaner technologies for the food industry through its True North Sustainable Food Fund. This project includes reducing greenhouse gas emissions by making food production cleaner and more efficient. It also supports ideas that reuse food waste, turning it into useful products like food ingredients or energy instead of sending it to landfills. Additionally, CFIN will provide these companies with mentoring, coaching, and support to help them grow and succeed.
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.
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