The federal government will pay for $20 million worth of a $41.8 million initiative spearheaded by industry group Natural Products Canada to fund innovation-based companies, in a deal announced Thursday in Charlottetown, PEI.
The government spend comes via its Strategic Innovation Fund, which is meant to “attract and support high quality businesses” in Canada.
Natural Products Canada, or NPC, is a Charlottetown-based industry group created in 2015 to facilitate co-operative relationships between environmentally friendly chemical, manufacturing and bioscience companies.
“Innovation in