Grand River Agriculture Society is doubling its offer to $100,000 for innovation.
The society is offering up to $10,000 to enable young Ontario companies in ag-tech, green-tech, and agri-food to seize market opportunities and secure sales of their products or services.
Over the last two years, the initiative provided funding for 10 Ontario companies to respond rapidly to global market opportunities.
“Rapid Response for Business Development provided $50,000 last year which led to $3.5 million in new sales, which is an outstanding ROI,” said Deborah Whale, vice-president and chair of the outreach committee.
“We are committed to continuing this support of Ontario entrepreneurs so they can showcase their products, sell them worldwide and continue to thrive right here in Canada!”
The money enables investors to move quickly to take advantage of market opportunities and secure sales. It can be used to pay for eligible travel and associated costs required to “close the deal” with established business connections.
Working with CanLead Solutions, the next round of applications will open on April 1, 2024. The application criteria can be found at: https://grandriveragsociety.com/philanthropy/ .
