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
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.
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.