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Funding Alert: Agri-Tech Initiative SCAP

Canadian Government Funding and SR&ED Tax Credits > Insights > Funding Alerts > Funding Alert: Agri-Tech Initiative SCAP
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Funding Alerts
January 10, 2024

 

Funding Alert: Agri-Tech Initiative SCAP

The Agri-Tech Innovation Initiative will support businesses within the agriculture and food sector, that are acquiring innovative equipment and technology to improve energy efficiency and production capacity.

 

The Agri-Tech Innovation Initiative will support businesses within the agriculture and food sector, that are acquiring innovative equipment and technology to improve energy efficiency and production capacity.

Intake opens on February 15, 2024

Funding Amount

  • Innovative technology and equipment projects
    • Up to $100,000 with 50% cost-share
  • Larger Projects
    • Up to $100,000 with 35% cost-share

Eligible Applicants

  • Processors and producers incorporated in Canada, based in Ontario (farm and food processing businesses)
  • Must have 65% of matching funds (cash) secured

Eligible Activities

Projects must be helping farms and food processors invest in innovative technology, equipment or processes that will expand production capacity or enhance efficiency.

A focus for this programs is funding projects that also enhance cyber security in the agriculture and food sector.

  • Production capacity
    • Acquiring new, sustainable alternatives
    • Investing in processing equipment, technologies and practices that improve operational efficiency and productivity
  • Energy efficiency
    • Lower overall operational costs
    • Increase competitiveness and sustainability
    • Acquiring equipment and tech that improves, monitor or builds envelope energy efficiency
  • Cybersecurity
    • Enforce security measures to prevent cyber disruptions like cyber extortion, break of confidential information and technology failure
    • Protect on-farm digital system, use a VPN and back up data

Project Objectives

The Agri-Tech Innovation Initiative will support projects that drive efficiencies and greater production for both farmers and processors. The initiative focuses on supporting projects that will have positive impacts across the entire value chain, including:

  • Increased production capacity
  • Greater energy efficiency
  • Enhanced IT security

Thinking of applying for financing? These funds are highly competitive, contact us today to get started!


Find out more about our Grants process here.

 

Contact us today!

One of our experts will be in touch shortly.

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