In the agriculture and agri-food sector, innovation plays a crucial role in driving progress. It shapes the future of farming practices and brings benefits to both the industry and Canadians. That is why the AgriScience Program is a pioneering initiative that falls under the Sustainable Canadian Agricultural Partnership (Sustainable CAP). The program provides funding and support for pre-commercial science activities and research that contribute to the growth and advancement of the agriculture sector, thus fueling innovation. The AgriScience Program is dedicated to promoting collaboration and addressing national priorities in order to drive transformative advancements in the agricultural industry.
Accelerating Innovation through Collaborative Partnerships:
Two parts of the AgriScience Program stimulate innovation in different ways. The Clusters Component funds strategic collaborations between businesses, government, and academics on national themes and horizontal concerns. This component fosters innovation and solves sector-wide issues by bringing together various stakeholders. The initiatives Component funds smaller research and development initiatives. This adaptable component supports many new farming efforts.
Adaptable Funding Options are Available:
The AgriScience Program offers three funding options for applicants to select from. Non-repayable contribution funding, also referred to as Vote 10, provides support for research activities carried out by the industry. Another important aspect is the collaborative research and development support, also known as Vote 1, which allows Agriculture and Agri-Food Canada (AAFC) scientists to carry out research on behalf of interested parties. Finally, applicants have the option to choose between Vote 10 and Vote 1 funding options. This allows them to take advantage of both collaborative research and industry-led initiatives. The program provides flexibility to accommodate the distinct needs and requirements of various projects.
Partnerships, Funding, and Cost-Sharing are Important Factors to Consider:
AgriScience Program recipients must sign contribution or Collaborative Research and Development Agreements with AAFC. AAFC researchers provide non-repayable contributions or collaboration. The Projects Component’s maximum investment is $10 million, with a $5 million project limit. AAFC covers up to 50% of qualified expenditures, while applicants pay the rest. Non-profits that target greenhouse gas reduction and carbon sequestration may receive a higher cost-sharing ratio. AAFC may cover 70% of qualified expenditures.
The AgriScience Program fosters agricultural and agri-food innovation, research, and cooperation. This initiative supports pre-commercial research to enhance farming. The AgriScience Program empowers researchers, industry professionals, and organizations to explore innovative solutions, address sector-wide challenges, and contribute to a thriving and sustainable Canadian agricultural industry through strategic partnerships, flexible funding options, and cost-sharing initiatives.
To get further detailed information on the above subject, log onto https://agriculture.canada.ca/en/programs/agriscience-projects.
CanadianSME, a magazine for small and medium-sized businesses, is great for companies that appreciate innovation. By subscribing to our magazine, readers can acquire an array of information and market trends. Follow @Canadian_sme on Twitter to stay connected with the CanadianSME community, which values business and entrepreneurship. Visit https://bit.ly/3QslxlH to subscribe to CanadianSME’s magazine and stay current on business trends.