Type of Program:
The Innovative Research and Development element provides financial assistance to support short to medium term (1-5 years) innovative research and development projects which can improve profitability, competitiveness, sustainability and self-sufficiency of the agriculture, agri-food, agri-product and agri-science sectors in New Brunswick.
The Accelerating Agricultural Innovation element provides financial assistance to accelerate new product, practice or process development leading to their commercialization or adoption which can improve the profitability, competitiveness, sustainability and self-sufficiency of the agriculture, agri-food, agri-product and agri-science sectors in New Brunswick.
Comments on Funding:
Funding for projects with significant potential for sector wide benefit is up to 100% of eligible costs, up to a maximum of $60,000.
Funding for projects with primarily benefit for individual agribusiness, farmer or group of farmers. is up to 50% of eligible costs, up to a maximum of $30,000.
Industry is expected to provide significant in-kind and/or cash contributions towards the project.
Agriculture producers considered New Entrants (individuals who have reported farming income or owned a farm for 5 years or less) are eligible for an additional 10% contribution, provided the contribution does not exceed the established maximums under each program.
When It Ends:
All eligible projects must be science-based and demonstrate sound scientific understanding and leadership.
submit a completed application form and any additional required documentation to any Department of Agriculture, Aquaculture and Fisheries (DAAF) regional office or directly to the CAP Administrator, Industry Financial Programs, Department of Agriculture, Aquaculture and Fisheries, P.O. Box 6000, Fredericton, NB E3B 5H1, or by e-mail to CAP.ADMIN@gnb.ca.
submit the signed Letter of Offer received upon approval within 30 days from receiving it,
pitch their busineprovide DAAF any necessary information related to the evaluation of the project and demonstrate a significant contribution to the project.ss at the Volta Cohort Pitch Event – competing for investment, if selected among fifteen high potential applicants.
Applicants must submit:
Upon project completion, the completed Claim for Reimbursement form must be forwarded to the designated Project Officer together with a detailed invoice and proof of payment (an original receipt, image of cancelled cheque (front and back), or statement from financial institution showing transaction).
Other Things to Note:
This program is part of The Canada / New Brunswick Canadian Agricultural Partnership (CAP).
Approved projects must be completed within the fiscal year for which they were approved (April 1 to March 31).