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Canada puts C$50M into food innovation network to secure supply chains
Industry Minister Mélanie Joly announced at noon in Peterborough a C$50 million federal investment in the Canadian Food Innovation Network, expected to support 200+ SMEs, grow the network to 20,000 members and leverage C$200 million in follow-on investment.
Why it matters
Food prices and supply-chain security rank among Canadians' top everyday concerns. Ottawa says the funding puts research dollars directly into food businesses, strengthening domestic supply chains and reducing reliance on imports.
Full report
Industry Minister Mélanie Joly announced at noon on October 15 in Peterborough, Ontario, a C$50 million federal investment in the Canadian Food Innovation Network (CFIN), drawn from the Strategic Response Fund and the national food security strategy. CFIN is expected to support more than 200 small and mid-sized businesses, grow its network to 20,000 members, leverage C$200 million in follow-on investment, create about 300 new jobs and support more than 450 full-time-equivalent positions.
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