NewsBusinessOntario Ag Businesses Get Funds for Tech Upgrades

Ontario Ag Businesses Get Funds for Tech Upgrades


The governments of Canada and Ontario are investing  up to $25 million, through the Sustainable Canadian Agricultural Partnership, for Ontario agricultural businesses to upgrade their technology, a Nov. 20 news release said.

“These investments will allow established and emerging businesses to speed up efforts to optimize their operations and help in achieving the ambitious goals we have set out for the agriculture and food sector in our Grow Ontario Strategy,” Lisa Thompson, Ontario Minister of Agriculture, Food and Rural Affairs, said in the release.

Through the Agri-Tech Innovation Initiative, funding will be provided to eligible farm and food processing businesses to help them invest in innovative technology, equipment or processes that will expand production capacity or enhance efficiency.

Projects will be supported by allocating funds for businesses to obtain innovative equipment and technology to increase productivity and efficiency, the release said. Innovative technology and equipment projects, up to $100,000, will be eligible for up to a 50 per cent cost-share. Larger projects will be eligible for a 35 per cent cost-share, up to $100,000 in funding. Applications will be accepted starting Feb. 15, 2024.

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