PEI Receives Federal Funding to Establish Natural Products Canada Inc.

Minister of Innovation, Science, and Economic Development Navdeep Bains announced today in Charlottetown a $14 million federal contribution to establish Natural Products Canada Inc., a new national Centre for Commercialization and Research (CECR) that will accelerate the commercialization of new products and technologies derived from natural products.

Natural Products Canada will be led from Prince Edward Island and includes key partners in PEI (PEI BioAlliance as NPC Atlantic), Saskatchewan (AgWest Bio as NPC West), Ontario (Ontario Bioscience Innovation Organization as NPC Ontario), and Quebec (Institute for Nutrition and Functional Foods as NPC Quebec). The federal contribution will be matched by over $10 million from industry and other sources, for total funding of over $24 million over the next five years.

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