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Atlantic Fisheries Fund: Boosting Innovation in Atlantic Canada's Seafood Sector

The Atlantic Fisheries Fund supports the seafood industry in Atlantic Canada through investments in innovation, infrastructure, and science partnerships. This seven-year program aims to enhance productivity, value-added production, and sustainability to meet market demands and ensure future growth. Eligible applicants include commercial enterprises, harvesters, processors, Indigenous organizations, and industry associations. Projects can focus on research and development, infrastructure improvements, and science collaborations to drive industry advancements. The program's assistance includes non-repayable contributions for commercial enterprises and organizations based on need and risk levels. For further details, contact the AFF Secretariat or visit the program's website.

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Atlantic Fisheries Fund: Boosting Innovation in Atlantic Canada's Seafood Sector

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  1. Atlantic Fisheries Fund

  2. Atlantic Fisheries Fund The program will help Atlantic Canada's seafood sector meet growing market demands for products that are: • high quality • value added • sustainably sourced Contributions of more than $400 million will be invested over 7 years to help the sector transition to the future.

  3. Who can Apply? • Commercial Enterprises • Harvesters • Processors • Aquaculturists • Non-Commercial Organizations • Indigenous Organizations or Groups (other than Commercial) • Industry Associations • Research and Academic Institutions

  4. Eligible Projects • Innovation: • Research & Development of new products, processes, technologies and equipment • Pilot & test new innovations • Introduce innovations to market • Initiatives to create partnerships or networks that support innovation activities in the sector • Results: Productivity, Increased Value Added, Sustainability, Marketability • Led by industry with technical or academic partners

  5. Eligible Projects • Infrastructure: • Adopt new technologies, processes or equipment to improve effectiveness and sustainability • Associated training • Results: Productivity, Increased Value Added, Sustainability, Marketability • Direct investment in private companies

  6. Eligible Projects • Science Partnerships: • Science research on impacts of ecosystem shifts • Creation of partnerships or networks that help scientific activities in the sector • Science work on sustainable harvesting, processing and aquaculture technologies • Results: Informed Decisions on Industry Future, Technology Transfer and Research Commercialization • Work by academics and institutions with active participation, commitment and support from Industry.

  7. Program Assistance • Commercial Enterprises: • Contribution Less Than $100,000 – Non-Repayable • Contribution Over $100,000: • Conditionally Repayable Where Risk Justifies • Repayment tied to commercial/technical success (royalty based) • Fixed Repayment Schedule – lower risk/off the shelf new technology and equipment acquisition • Repayment tied to useful life of assets acquired

  8. Program Assistance • Commercial Enterprises: • % Contribution available from all Government sources • Less than 19 employees – up to 80% • 20-99 employees – up to 75% • 100 or more employees – up to 50%

  9. Program Assistance • Non-Commercial Organizations: • Non-repayable Contributions up to 80% (all Government sources) • % Contribution Based on Need: • Priorities for Fisheries, Seafood and Aquaculture Sectors • Level of Risk Involved • Availability of Other Funding

  10. Contact US • AFF Secretariat: • Website: atlanticfisheriesfund.ca • E-mail: RegionalAFF-FPARegional@dfo-mpo.gc.ca • Toll Free: 1-844-795-9718 • Nova Scotia Department of Fisheries and Aquaculture

  11. Fisheries and Aquaculture Clean Technology Adoption Program (FACTAP) • FACTAP is a national contributions program investing up to $20M over four years (2017-2021) which aims to: • Encourage fisheries and aquaculture industries to use clean technologies and measures, without incurring large financial risks. • Reduce the potential environment impacts of their activities.

  12. Fisheries and Aquaculture Clean Technology Adoption Program (FACTAP • Funding will assist the adoption of market-ready clean technologies, processes, and/or sustainable practices in the day-to-day operations of aquaculture facilities and wild capture harvesting. • Adoption can include modification to use in a Canadian context

  13. Fisheries and Aquaculture Clean Technology Adoption Program (FACTAP • Applicants can receive funding from both AFF and FACTAP provided they are for different components. • To align with provincial priorities, 10% of funding must come from the province (in-kind or financial). • Additional information can be found on the DFO website or by emailing: • DFO.ATL.FACTAP-PATTPA.ATL.MPO@dfo-mpo.gc.ca

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