Governments invest $8.5 million in Saskatchewan’s agricultural biotechnology sector
Ag-West Bio will receive $8.5 million to support the development of the agricultural biotechnology sector in Saskatchewan.
Federal Agriculture Minister Lawrence MacAulay and Saskatchewan Agriculture Minister Lyle Stewart announced on June 18, 2018 that Ag-West Bio will receive $1.7 million per year for the next five years.
The funding will be used to provide advocacy, advice, financing, business attraction, networking and educational events for the agricultural community.
“It’s a fascinating time to be involved in agriculture. Growth is being driven by both bio- and digital technologies. Ag-food is an area with significant potential; this renewed funding gives Ag-West Bio the resources to move this sector to the next level," said Wilf Keller, Ag-West Bio president and CEO in a statement.
Ag-West Bio received $1.5 million per year in funding from the federal and provincial governments under the previous policy framework, Growing Forward 2.
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