Business and Operations
Ontario food processors and agri-businesses to receive $2M funding to adopt clean technologies
June 13, 2022 By Bakers Journal
Guelph, Ont. – The federal government has announced funding of nearly $2 million for Bioenterprise Canada to deliver a sustainable initiative that will help southern Ontario agri-business and food processers adopt net-zero technologies.
On behalf of Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Lloyd Longfield, Member of Parliament for Guelph, announced an investment of nearly $2 million for Bioenterprise Canada to deliver the FoodShift program; a green initiative that will help southern Ontario agri-business and food processers adopt net-zero technologies.
The project will connect agri-business and food processors looking to adopt clean technologies with cleantech entrepreneurs developing technologies that are ready for market. By creating these linkages, Bioenterprise will help southern Ontario food processors accelerate the adoption of net-zero technologies that will increase efficiency and competitiveness, while also supporting promising cleantech companies to commercialize their products and grow their revenues.
Small and medium-sized enterprises in the food processing sector will be eligible to receive up to $50,000, matched by the SME, to support the cost of adopting new green technologies. By project completion, this investment will support 30 food processors to future-proof their businesses and reduce their carbon footprint, support an additional 30 cleantech companies in growing their revenues and support 200 jobs.
Applications will be accepted starting July 27, 2022, and more information can be found at bioenterprise.ca.
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