The Canadian Agri-Food Automation and Intelligence Network (CAAIN) today disclosed the final three recipients of two funding competitions it held in 2023.
“In March, we revealed eight successful applicants to our two 2023 funding competitions,” said Darrell Petras, CAAIN’s CEO. “Those projects, in which we will invest about $4M, have a combined total value of roughly $12M. I am pleased to announce that we are putting aside another $1.8M to support these three additional initiatives, whose total value exceeds $6.6M. In other words, our 2023 calls for funding allowed us to identify 11 superb, innovative agtech advancements that will activate almost $13 million of private-sector investment.”
CAAIN’s mandate from Innovation, Science and Economic Development Canada is to focus its funding on technological advancements important to the agri-food sector. The organization says they're committed to supporting the development of technology needed to advance Canadian agriculture and primary food processing.
“Two of these projects applied to our 2023 Open Competition, and the third will be funded through our 2023 Livestock Innovation Program. What’s particularly gratifying,” added Mr. Petras. “Is that while the three teams are targeting completely different areas of the agri-food industry, they share two important elements. All will provide significant environmental benefits, and all of them will leverage Canadian artificial intelligence technology. These factors are part of a trend we’re seeing in the work we continue to support with the money entrusted to us by the Government of Canada.”
For more information on the Canadian Agri-Food Automation and Intelligence Network, you can visit their website at caain.ca.