Moncton, New Brunswick - With the longest coastline in the world, Canada's coastal communities rely on the fish and seafood industry as an integral contributor to local and regional economies. This is why the Government of Canada and the Province of New Brunswick are pleased to announce funding support to Atlantique Nord Innovation Inc. in Shippagan for a project benefiting seafood processing through the Atlantic Fisheries Fund (AFF).
The AFF funding represents a total contribution of $99,482 towards total project costs of $126,000, and has been used to fund activities aimed at finalizing the design of a marine collagen-based beverage. These activities included studies on beverage stabilization and shelf life, as well as testing of the product. Project activities helped the company conclude the commercialization of its beverage and positioned it for market entry.
The contribution is from the $400-million AFF, funded by the federal and provincial governments. The AFF focuses on increasing opportunities and market value for sustainably sourced, high-quality fish and seafood products from Atlantic Canada.
Introduced in 2017, the AFF will continue to invest in projects over its seven-year life. The commercial fisheries and aquaculture industry, Indigenous groups, universities and academia, and industry associations and organizations, including research institutions, may apply.
