Fleming College to Receive $4M for New Aquaculture Centre
Ontario’s Fleming College is set to receive funding to help support their new Centre for Innovative Aquaculture Production (CIAP). Fleming College is ranked as one of Canada’s top research colleges, known for their expertise in environmental and ecological studies.
This innovation centre will be funded by:
- Natural Sciences and Engineering Research Council of Canada (NSERC).
- Will provide $2 million in funding for research activities over the next 5 years.
- Canada Foundation for Innovation (CFI) and the Ontario Research Fund College-Industry Innovation Fund (ORF-CIIF)
- Will provide $2 million in funding to create the research spaces and fully-equipped laboratories.
CIAP is advancing innovation in aquaculture through partnerships with members of the industry and supporting sectors, such as fish feed producers and hatchery technology developers. A new custom-designed research facility will be built at the Frost Campus in Lindsay to complement the existing on-campus hatchery. The new CIAP building will provide customisable rearing environments for multiple aquaculture species and projects.
Who We Are:
Swanson Reed is one of Canada’s largest Specialist SR&ED tax advisory firms. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes.
If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.