REGINA — The federal and provincial governments have announced a funding agreement with Ag-West Bio provided under the Sustainable Canadian Agricultural Partnership, a federal-provincial-territorial initiative.
Ag-West Bio will receive $9.5 million over the next five years to advance their work in the province's agriculture biotechnology sector.
Ag-West Bio will use the funding to support its new 2023-28 strategic plan. The four main objectives of this plan include direct support to innovative companies on the path to commercialization, creating connections and growing the ecosystem, promoting agriculture biosciences and developing a high-performing team, according to a press release.
Investing in Ag-West Bio supports the growth of innovation ag, food and bioscience businesses, the release states. The ecosystem Ag-West Bio nurtures connects government, industry, scientists and entrepreneurs. Connections like these allow each group to learn and grow from one another to build a strong agriculture sector.
"Nurturing innovation in the bioscience sector takes care, patience and the vision to play the long game," Ag-West Bio President and CEO Karen Churchill said.
"This continued funding shows that the governments see the value of our long-term efforts. This support allows us to focus on helping early-stage companies - Saskatchewan's future success stories."
The Sustainable Canadian Agricultural Partnership is a five-year, $3.5 billion allocation by Canada's federal, provincial and territorial governments that supports Canada's agri-food and agri-products sectors.
For more information on Sustainable CAP, visit www.saskatchewan.ca/S-CAP or www.agriculture.canada.ca/en/department/initiatives/sustainable-canadian-agricultural-partnership.
