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Lloyd Longfield, MP for Guelph, has announced a Government of Canada investment of nearly $8 million for Bioenterprise Canada, Mapleview Agri Ltd. and Farm Health Guardian Ltd. to support Canadian agrifood producers and businesses. The funding comes through the Federal Economic Development Agency for southern Ontario.
Bioenterprise Canada, a not-for-profit organization dedicated to building and growing innovative companies focused on agricultural technology, is receiving a nearly $6-million investment. With this support, Bioenterprise will be delivering the Sustainable Growth and Adoption Program to which food and agritech businesses in southern Ontario can apply for funding. This funding will help businesses to accelerate their development, while also supporting businesses and organizations to adopt and integrate new clean technologies, practices, and process enhancements into their operations. With this investment, Bioenterprise Canada expects to support up to 45 businesses contributing to clean growth, and accelerate the commercialization of up to 40 new products, services or processes, resulting in up to $20 million in sales. Visit the Bioenterprise Canada website for details and to apply.
Source: Federal Economic Development Agency for Southern Ontario August 16, 2024 news release