Please Note: Government funding information within this article was accurate as of February, 2014 but may no longer represent the funding landscape. For current B.C. grants and loans, please explore Western Canada small business funding.
Agriculture and Agri-Food businesses in British Columbia have access to a number of lucrative funding programs on both federal and provincial levels. Included among the many options are programs through British Columbia Growing Forward 2 funding which is distributed through two main agents: BC Agricultural Research & Development Corporation (ARDCorp), and Investment Agriculture Foundation of British Columbia, aka, “IAFBC.”
AgriInnovation –Enabling Commercialization & Adoption Stream
Offered through Agriculture and Agri-Food Canada (AAFC) The AIP Enabling Commercialization and Adoption Stream is focused on helping companies with commercializing or harnessing innovative agri-products, technologies, or services.
- Type of Funding: Repayable loan
- Funding Amount: The maximum funding per project is $10 million, while the normal awarded amount is $2 million.
- Project Eligibility: Pre-commercial and commercialization projects.
- Note: Stacking funding cannot exceed 75% of the project cost. In-kind contributions are not eligible
Canada-BC AgriInnovation Program
For small projects, Growing Forward 2 British Columbia’s AgriInnovation program is also available to help accelerate BC’s Agri-food industry. Funding is available to support industry, academia, retailers and others in late stage research and pilot projects that lead to the commercialization and/or adoption of innovative products, technologies and practices.
- Type of Funding: Non-repayable contribution
- Funding Amount: No set maximum, typical projects are around $10,000.
- Project Eligibility: Priority for funding will be given to five areas of activity identified to advance innovation and competitiveness in BC, and include:
- Advancements in plant, animal and food science
- Energy and waste management
- New product development and commercialization
- Improvements in soil, water and air quality
- Climate change adaptation
- Note: Length of application will depend upon size of project (less time for projects <$10K)
Emerging Sectors British Columbia Small Business Grants
This provincial funding program aims to help enable innovation, collaboration and strategic approaches in emerging sectors to identify opportunities, challenges and priorities.
- Type of Funding: Non-repayable contribution
- Funding Amount: No set maximum, typical projects are around $10,000.
- Project Eligibility: Eligible projects will address the gaps in applied scientific knowledge, technology adaptation and transfer, pre-commercialization exploration, skills, business development, collaboration and links with potential partners, in order to seize new business opportunities.
- Note: Grant funding through this program is set aside for emerging sectors in the BC agriculture, agri-food and agri-based products industries.
BC Government Grants for Traceability Adoption Program
The objective of the Traceability Adoption Program (TAP) is to increase the implementation of facility-based traceability systems, helping make BC products among the safest and highest quality in the world. This includes facility-based traceability systems across the agri-food chain and improved production transparency of BC goods, including plants, animals and agri-food products.
- Type of Funding: Non-repayable contribution
- Funding Amount: 75% of project costs to a max of $15K (Small Projects: up to $7500; Large Projects: Up to $15K)
- Project Eligibility: Purchase and installation of traceability infrastructure, and the training of staff to implement traceability systems for plants, animals and agri-food products.
- Note: 75% Consultant fees for assessing, planning and/or implementing your TAP project (Caps: $2K for small projects, $4K for large).
BC Business Grants for Food & Beverage Processing
The BC Food and Beverage Processing Initiative supports the development of the food, beverage and nutraceutical processing industry.
- Type of Funding: Non-repayable contribution
- Funding Amount: No established maximum
- Project Eligibility: Projects are expected to:
- Enhance the competitive position of BC food and beverage processors
- Build BC’s reputation as a leader in health and lifestyle-oriented products
- Build business relationships and collaboration with value chain partners
- Enhance communications and coordination among industry stakeholders
- Note: Start-ups and expansion projects not eligible for funding through this program.
Learn More about Government Funding for Agriculture and Agri-Food
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