BIOTECanada Applauds Government of Canada's Investment for Ag-Biotech Programs

OTTAWA, Ontario--()--Today’s announcement by Agriculture Minister, Gerry Ritz showcases the Government of Canada’s understanding and commitment to new agriculture technologies.

“The industry congratulates the Government for the Growing Forward II strategic funding initiatives. BIOTECanada and its members look forward to working with government to ensure access to these programs which will increase productivity, growth and jobs, delivering benefits to all Canadians.”

Three new federal programs will come into effect on April 1, 2013:

  • The AgriInnovation Program will focus on investments to expand the sector's capacity to develop and commercialize new products and technologies.
  • The AgriMarketing Program will help industry improve its capacity to adopt assurance systems, such as food safety and traceability, to meet consumer and market demands. It will also support industry in maintaining and seizing new markets for their products through branding and promotional activities.
  • The AgriCompetitiveness Program will target investments to help strengthen the agriculture and agri-food industry's capacity to adapt and be profitable in domestic and global markets.

“Canada's biotech industry is at the core of economic growth and transformation for a vast array of agriculture technologies bringing new value from farm gates,” commented Andrew Casey, President and CEO of BIOTECanada. “The industry congratulates the Government for the Growing Forward II strategic funding initiatives. BIOTECanada and its members look forward to working with government to ensure access to these programs which will increase productivity, growth and jobs, delivering benefits to all Canadians.”

The development of Canadian industrial and agricultural biotechnology represents a significant opportunity for the Canadian economy in the context of the emerging global bio-economy. The industry is poised to develop new technologies and processes that will help transform a number of economic cornerstone industries in Canada (e.g.: forestry, mining, agriculture, oil & gas). Access to capital will be essential to successfully move new technologies forward into commercialization.

BIOTECanada is the national industry association with nearly 250 members located nation wide, reflecting the diverse nature of Canada’s health, industrial and agricultural biotechnology sectors.

www.biotech.ca

Contacts

BIOTECanada
Nadine Lunt, 613-230-5585 x257

Website

Release Summary

“Canada's biotech industry is at the core of economic growth and transformation for a vast array of agriculture technologies bringing new value from farm gates,” commented Andrew Casey

BIOTECanada