Canadian Manufacturing

Protein Industries Canada issues first call for projects

PIC, one of Canada's five Superclusters, is allocating $40 million to the first round of eligible projects

April 23, 2019  by CanadianManufacturing.com Staff

Protein Industries Canada has issued a call for proposals in four priority project areas: Create, Grow, Make and Sell.

PIC, an industry-led, not-for-profit organization, and one of Canada’s five Superclusters, is allocating $40 million for co-investment into projects that will position Canada as the centre of high-quality plant-based protein products and co-products.

The investment made by PIC will match up to 50 per cent of industry investments on all eligible expenses for successful projects.

The co-investments are an opportunity to leverage strengths across the value-chain to produce new ingredients and products, said Bill Greuel, CEO, Protein Industries Canada. “We are eager to collaborate with businesses, big and small, to co-invest in projects that have the potential to transform the agriculture and food processing industries in Canada,” said Greuel.

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The deadline to submit an Expression of Interest for the first round of investment is midnight June 28, 2019. A second call for proposals will open September 1.

As part of the initial call for proposals, Protein Industries Canada also released its five-year Supercluster strategy, launched its membership drive and announced a series of events across the Prairies designed to bring companies together to learn about Protein Industries Canada and to begin discussing and collaborating on potential projects.

PIC will invest $153 million, made available by the Government of Canada’s Innovation Superclusters Initiative, across the value chain over the next four years.

To submit a project for co-investment, consortium applicants must be a member of PIC and the project must be aligned with the objectives of the program. Information on membership, the project application process and a listing of upcoming events can be found online at www.proteinindustriescanada.ca.