Protein Industries Canada will receive $150 million from the federal government to further develop the plant-based food, feed and ingredient sector.
Protein Industries Canada CEO Bill Greuel said the money will be used to support innovation, scale-up of companies and the commercialization of new products.
“As a global agricultural powerhouse, Canada has the means, resources, and skill to turn crops into food – and transform the way the world eats, while also bringing solutions to some of the world’s most pressing challenges, including global food security, the environment and human health,” Greuel said.
The renewed investment brings the total funding to Protein Industries Canada to $353 million from 2018 through to 2028, including $30 million through the Pan Canadian Artificial Intelligence Strategy.
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