A not-for-profit organization that aims to help develop high-tech agriculture businesses will receive provincial funds to continue its work.
Bioenterprise BC, which aims to help promote the creation and expansion of “agri-techonology” businesses, will receive $800,000 over four years, B.C.’s Technology, Innovation and Citizens’ Services minister Amrik Virk announced in Abbotsford Friday.
Friday’s announcement was made at BW Global Structures, an Abbotsford-based business that constructs greenhouses using robotics, and one of many B.C. companies that are driving innovation in the agri-tech sector.
Supported by funding from the BC Investment Council and the federal government’s Canada Accelerator and Incubator Program, Bioenterprise BC will support the commercialization of innovations in agriculture and help increase agri-food revenue. Bioenterprise BC will provide agri-tech entrepreneurs and startups in the Fraser Valley with business plan assistance, market analysis, funding guidance and networking to help accelerate their growth.
Bioenterprise will be included in the BC Accelerationi Network, a group of 14 tech accelerators throughout the province that help early stage entrepreneurs grow their companies. Agri-tech companies working with other BCAN partners will have access to services from Bioenterprise BC.