Recently, the federal government announced, as part of Budget 2022, a $750 million investment into Canada’s global innovation clusters. Protein Industries Canada (PIC) is one of Canada’s five innovation clusters.
“We appreciate the continued support of the Government of Canada into the work of the innovation clusters,” said Bill Greuel, CEO, PIC. “Over the past four years, we have made significant progress in building out Canada’s plant-based food, feed and ingredient ecosystem. This renewed funding will allow Protein Industries Canada to continue our work to create an industry that we believe can contribute upward of $25 billion a year to Canada’s economy and employ upward of 17,000 people by 2035.”
The investment will be distributed on a competitive basis amongst the five clusters over a six-year period.
Protein Industries Canada currently has 45 projects, valued at more than $480 million, with more than 400 partners.
“The last four years of been exciting for me and the entire team at Protein Industries Canada,” Greuel said. “I am looking forward to the next six years, and applaud the Government of Canada and Minister François-Philippe Champagne for their ongoing commitment to innovation in Canada. With this renewed funding, Protein Industries Canada will be able to support Canada’s green economy and do our part to reduce GHG emissions, while building out a national supply chain that will support Canada’s food security, and provide food for millions of people around the world for generations to come.”