aerial photo farmland funding CanadianThe AgriInnovation Program (AIP) is a five-year initiative as a part of Growing Forward 2 beginning April 1, 2013 through March 31, 2018, with a project completion date of January 31, 2018 to allow for a program evaluation to occur.   The AIP Enabling Commercialization and Adoption Stream is focused on helping companies with commercializing or harnessing innovative agri-products, technologies, or services.   Offered through Agriculture and Agri-Food Canada (AAFC), the AgriInnovation Program (AIP) provides agricultural businesses across Canada a fully repayable loan at 0% interest for a variety of expenditures that will improve the company’s productivity or promote innovation.   As the program begins in 2013, the focus will be on pre-commercialization product demonstration and product commercialization. Although this stream was created with Adoption projects in mind, funding can be obtained, initially, through Agri-Processing Initiative, a more established program with remaining funding. Agri-Processing Initiative will remain open until April 2014 or until funding is fully allocated, at which point  the Growing Forward 2 AgriInnovation Program’s Enabling Commercialization and Adoption Stream will focus on adoption projects, in addition to commercialization projects.

Type of Funding for Small Business & Funding Limitations

The following are characteristics and limitations for the use of the Agri-Innovation Program’s Enabling Commercialization & Adoption Stream:

  • This funding is a repayable loan
  • The maximum funding per project is $10 million, while the normal awarded amount is $2 million.
  • Maximum $10 million per year, in total, from any combination of Agri-Innovation steams
  • Stacking funding cannot exceed 75% of the project cost
  • In-kind contributions are not eligible

Canadian Government Funding Terms of Repayment

For this Canadian government funding program the 10-year repayment term begins 1 year after the project is completed. Interest is not charged with the exception of late payments or outstanding debts.

­More Information on the AgriInnovation Program’s Enabling Commercialization & Adoption Stream

For more information on this government funding for business program please choose from one of the following options:

Eligibility-CriteriaProgram-UpdateGet-Started

Also look to our AgriInnovation FAQ’s blog if you have further questions regarding this program.

Again, until April 2014 please projects classified as  “adoption” will be pointed to the Agri-Processing Initiative for funding support.

Looking for More Information on Small Business Loans Ontario & Small Business Grants Canada?

To learn more about support services please contact a Canadian Government Funding Expert.  For the latest information on Canadian government funding news and releases subscribe to our Canadian government funding E-Newsletter, or Sign up for a Free Canadian Government Funding Workshop.   Also, please do not forget to follow us on LinkedIn.

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Ryan has a BA in economics, an MSc in management, and several published works including two books. As Marketing Analyst at Mentor Works, Ryan enjoys communicating with business owners & executives about government grants and funding available to help overcome obstacles to growth.

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