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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.
