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Canadian Food Innovation Network secures $50 million in government funding from Innovation, Science, and Economic Development Canada to advance Food 4.0 strategy.
Amount Raised
C$50 Million
Round Type
Venture
CanadaFood and BeverageAgriculture and FarmingFood ProcessingInvestors
Description
The Government of Canada announced a $50 million investment in the Canadian Food Innovation Network (CFIN) through the Strategic Response Fund to support innovation in Canada's food sector. The funding will be matched by $8 million from CFIN's business activities. The capital will support CFIN's five-year Food 4.0 action plan, which aims to help food manufacturers and processors integrate automation, AI, and digital tools into their operations. CFIN plans to use the funding to expand programming, including its YODL innovation platform and regional innovation director roles.
Fundz sees it the moment Canadian Food Innovation Network raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Canadian Food Innovation Network raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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