New bioindustrial funding program launched

Alberta Innovates Bio Solutions (AI Bio) has launched a new funding program – Alberta Bio Future, Research and Innovation – accepting letters of intent from now until October 28,  that aims to advance knowledge that accelerates growth of new bioindustrial products or bioindustrial technologies for the benefit of Albertans.

Discovery and developmental research are strategic priorities of Alberta Bio Future (ABF) – AI Bio’s flagship bioindustrial program.

Bioindustrial products from Alberta – derived from sustainable agricultural or forest biomass – are already being used in several sectors, including the personal care, chemical and energy industries, as well as construction and manufacturing. These bioproducts are helping to meet the world’s growing demand for ‘green’ solutions; they have desirable qualities for the manufacture of goods and materials while also being environmentally friendly.

“Alberta is a prime location for a thriving bioeconomy. We have abundant, renewable agriculture and forest resources, advanced infrastructure and highly qualified personnel,” said Steve Price, CEO of AI Bio. “But this is an emerging field into new areas of science. More investigation is required to increase basic knowledge, and to learn how to take concepts out of the lab and turn them into new industrial bioproducts and biotechnologies.”

The ABF Research and Innovation program has $4.5 million in available funding. Project funding amounts will be determined on a case-by-case basis, depending on the quality and scope of the project. In addition to funding, AI Bio assists researchers and companies with advice and connections. Learn more about eligibility requirements.

Read the full release.

Al Bio ran the Alberta Bio Future Product and Technology Commercialization program earlier this year, now closed to new applications.