Fund Description

AgriInnovation is a five-year, $468 million program under the Growing Forward 2 initiative to accelerate innovation by supporting R&D activities and facilitating the commercialization and/or adoption of innovative products.

Funding Details

Up to 50% of eligible costs to a maximum of $10 million (interest-free loan) for commercialization or adoption, up to $2 million (interest-free loan) for pre-commercial demonstration.

Eligible Expenditures

  • Salaries/benefits;
  • Contractors;
  • Capital assets;
  • Construction or facility expansion;
  • Training and marketing;
  • Direct project costs.

Eligibility Requirements

Must demonstrate:

  • increased revenues or decreased operating costs in the agricultural sector;
  • increased demand for primary agriculture and/or agri-based inputs;
  • increased employment in the sector.