Home Uncategorized Government of Canada and Prince Edward Island fund projects to boost innovation in the fish and seafood sectors

Government of Canada and Prince Edward Island fund projects to boost innovation in the fish and seafood sectors

by prince

Backgrounder

Fisheries and Oceans Canada and the Province of Prince Edward Island are pleased to announce funding of $1,876,026 for seven organizations through the Atlantic Fisheries Fund.

The funding will help innovate the fish and seafood sectors in the Province with the development of new products and adoption of new technologies and equipment to improve productivity and sustainability.

Funding for seven organizations through the Atlantic Fisheries Fund
Recipient Location Project description Total project cost AFF funding
Acadian Supreme Inc. Wellington Adoption of new equipment that will automate the net-packaging process for whole, raw lobster. $146,600 $99,900
Atlantic Aqua Farms Ltd. Borden-Carleton To expand the Borden facility to include wet storage equipment for oyster processing, equipment to run an on-site oyster hatchery, and to pilot a mussel hatchery. $5,420,000 $1,368,977
Cape Reef Smoke and Charcoal Murray Harbour To acquire new equipment for the production of smoked salmon and trout products. $148,190 $44,522
Food Island Partnership Charlottetown To administer a program to support development of new value-added products and packaging solutions for oysters and mussels. $266,667 $100,000
JMK Fish Mart Inc. Summerside To acquire new equipment for a lobster holding facility to improve the quality of products. $98,335 $63,253
Prince Edward Aqua Farms Inc. New London To acquire oyster grading equipment to improve productivity. $146,500 $99,474
Raspberry Point Oyster Co. North Rustico To acquire new equipment to expand oyster holding capacity. $401,080 $99,900
Total $6,627,372 $1,876,026

August 2021

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