It was an exciting day for AGT Foods in Regina, as they are now one of nine companies in the running for 950-million dollars in federal funding from the Innovation Supercluster Program.
The program is a new opportunity to help Canada’s business clusters, positioning them for global leadership.
Murad Al-Katib, President of AGT Foods, says there is a growing demand for their product around the world.
“By 2050 we have to feed 10-billion people,” Al-Katib says. “Incomes are rising in emerging markets and protein consumption is on the rise. I think that that becomes the generational opportunity is to take our crop, add value, do what I would call total plant utilization; use all the fractions of the products that we produce to produce food ingredients, feed ingredients, food products, and really capture that value for Canada.”
Ralph Goodale, Minister of Safety and Emergency Preparedness, was on hand to make the announcement.
He says he’s positive in thinking AGT will be one of the five applicants chosen.
“I’m very optimistic, not just because I’m a hometown fan, but also because of the quality of this proposal. It has been put together in a very thoughtful way, with a very broad base of support.”
The nine finalists were chosen from thousands of applicants who went through 50 proposals all across Canada.
Only five superclusters will be selected for innovation supercluster funding.
The final submissions are due November 24th.