Protein Industries Supercluster Receives Federal Funding

Congratulations, Protein Industries Canada (PIC)!

PIC has received a $153 million investment through a funding agreement with the Government of Canada.

The investment will be matched dollar for dollar by the private sector and will support the PIC group of businesses in their effort to help Canada increase the value of key crops in premium markets and meet the growing demand for plant-based protein.

The following media release was issued by the Protein Industries Canada Supercluster on November 13, 2018:

Protein Industries Canada Supercluster kicks into high gear

Today, the Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced the signing of an agreement to invest up to nearly $153 million, matched dollar for dollar by the private sector, in the Prairie-based Protein Industries Canada Supercluster. Protein Industries Canada is a group of businesses, post-secondary institutions and non-profits working together to make Canada a world leader in the growing market for plant-based proteins. 

“The Protein Industries Canada Supercluster is great news for the economy of the Prairies and for Canadian agriculture. By bringing together the best brains from business, academia and non-profits, we’re positioning our talented workers to be global leaders in the fast-growing plant protein market,” stated the Honourable Ralph Goodale, Minister of Public Safety and Emergency Preparedness and Member of Parliament for Regina-Wascana 

The funding agreement means Protein Industries Canada can move forward with activities to help Canada increase the value of key crops in premium markets and meet the growing demand for plant-based protein. It is projected that this supercluster will create more than 4,500 jobs and add more than $4.5 billion to Canada’s economy over 10 years.

Read the full media release.


About the Protein Industries Supercluster

Protein Industries Canada (PIC) is an industry-led value chain consortium of small- to large-sized enterprises involved in food and food ingredient manufacturing, agriculture and food-related services, research and development, technology, economic development, finance and investment, education and training.

PIC will build on Canada’s strengths to substantially increase global market share in novel protein (and co-products) fractions, ingredients, food and feed products, and technologies. 

The not-for-profit corporation, headquartered at Innovation Place in Regina, is guided by a board of industry leaders and supported by Ag-West Bio and regional partners.

For more information visit the PIC website.


- November 14, 2018