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Atlantic Fisheries Fund

Atlantic Fisheries Fund. 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

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Atlantic Fisheries Fund

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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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