Funding Aims to Enhance Sector Competitiveness and Growth
The Ontario Agri-Food sector is set for a substantial advancement as the governments of Canada and Ontario announce a joint investment of $3.5 million.
The funding aims to spur the development and adoption of innovative technologies that will propel farmers, food processors, and agri-businesses into new realms of competitiveness and market expansion. It is provided through the Sustainable Canadian Agricultural Partnership (Sustainable CAP), targets the Ontario Agri-Food Research Initiative (OAFRI).
Rob Flack, Ontario’s Minister of Agriculture, Food and Agribusiness, highlighted the importance of continual innovation within the sector.
He pointed out that the investment would significantly amplify the innovation efforts of local farmers and food processors, resulting in enhanced growth, job creation, and economic opportunities.
This latest funding initiative will support over 100 research and innovation projects, including 67 applied research and pilot and demonstration projects alongside 10 projects aimed at commercialization.
More than 30 businesses will benefit from specialized expert mentoring provided through the Grow Ontario Accelerator Hub (GOAH).
Among the notable projects funded in the recent OAFRI intake are:
Dave Smardon, President and CEO of Bioenterprise Canada Corporation, stated that innovation is crucial for the long-term competitiveness of the agricultural sector.
The introduction of new technologies and processes is expected to reduce production costs, increase efficiency, and enhance productivity.
The Sustainable CAP represents a five-year, $3.5-billion commitment by federal, provincial, and territorial governments to strengthen the agriculture and agri-food sectors across Canada.
This initiative includes a blend of federal programs and provincially/territorially designed and delivered programs, promoting a robust framework for sustainable growth in agriculture.