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Beyond Food Security: How Agri-Tech Innovation Fuels Social and Economic Prosperity

By Tabitha Caswell for Bioenterprise Canada

When we talk about food security, most people focus on addressing hunger and social inequality. However, it’s time to broaden the conversation. Food security is not only a humanitarian concern but also a regional and national economic necessity. For Canada, food and agri-tech innovation can unlock solutions to help feed more people while also driving growth. 

Richard Cloutier, a Board Director and Innovation Advisor at Bioenterprise Canada, joins the conversation, bringing his expertise in tech transfer, innovation, and early-stage investments. Alongside him is Michael McGee, Director of Innovation at Bioenterprise Canada, who brings over 30 years of experience in small and medium-sized enterprise (SME) investments, with the last eight years dedicated to agri-food. Together, they explore how fostering agri-tech innovation drives Canada’s economic prosperity.

As governments recognize the urgency of food security, they are increasingly prioritizing policies that encourage the development of innovative solutions. Harnessing these solutions to enhance food security also attracts investment, boosts trade, and reduces strain on social systems. Can the push to improve food security be viewed as a catalyst for long-term economic growth and stability? 

Through targeted investments in food and agri-tech innovation, Canada can position itself as a leader in food production and a global economic force. Before we dive in too deep, however, let’s start by examining what we mean by food security.

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OFA Board Tour 2026 Perth County

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From ag retail and grain to egg production, equipment manufacturing, dairy and more, the tour highlighted the incredible diversity of Perth County's agri-food sector and the people behind it. Getting out into communities across the province gives OFA directors valuable firsthand insight into the opportunities and challenges facing farmers and agri-businesses. These perspectives help inform the work of OFA around the board table. A big thank you to the Perth County Federation of Agriculture for hosting us, and to all of our hosts for sharing their operations, experiences and expertise with the OFA board ??