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Investments & Finance

Protein Industries Canada Receives $150M CAD in Federal Funding for Next Five Years

Protein Industries Canada (PIC) announces it has received $150M CAD in funding from the Canadian government to continue to accelerate plant-based protein innovation. François Philippe Champagne, the country’s Minister of Innovation, Science and Industry, today announced the renewal as part of a $750M investment into the Global Innovation Cluster program. The renewed investment brings the total funding of the consortium to $353M from 2018 through to 2028, including $30 million from the Pan Canadian Artificial Intelligence Strategy.  “As a global agricultural powerhouse, Canada has the means, resources, and skill to turn crops into food – and transform the way the world eats, while also bringing solutions to some of the world’s most pressing challenges, including global food security, the environment and human health,” said Bill …

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