Farmers Edge Wins Share of $950 Million Supercluster Funding to Support Development of Digital Agriculture Technologies
Creating a digital eco-system for technology across the prairies, federal funds will put Canada at the forefront of disruption in helping to feed world’s growing population.
Winnipeg, MB – February 16, 2018 – On February 15, 2018, The Government of Canada announced Farmers Edge, under the alliance of Protein Industries Canada (PIC), as one of the winning companies to receive federal funding from the Innovative Superclusters Initiative. The investment, shared and matched dollar-for-dollar amongst five technology supercluster groups, is aimed at creating 50,000 middle-class jobs and adding $50 billion to the economy over the next 10 years.
In 2017, Canadian business of all sizes were challenged to collaborate with other innovation actors to propose bold and ambitious strategies that would transform regional innovation ecosystems and develop job-creating superclusters of innovation, like Silicon Valley.
Farmers Edge was invited to join PIC, an industry-led alliance of private-sector companies, academic institutions, and other stakeholders across Western Canada, to guide and support the technological advancement of digital tools in agriculture through machine learning and data analytics.
With the global population expected to increase by 30% by the year 2050, consumers are expected to turn to healthier diets resulting in the demand for crop proteins to increase by a projected 59-98%. The government funding enables alliance members to focus on enhancing their product development to bring significant change to the agriculture industry and help feed an increasingly hungry world through more sustainable and profitable farming practices and value-added processing. The combined federal investment and private investment from PIC will lead to $700 million in new commercial activity and roughly 4700 new jobs across Western Canada.
Wade Barnes, Farmers Edge President and CEO and active PIC Board Member, remarked “This supercluster announcement is game-changing for technology development in Western Canada. Companies can utilize funding to strengthen their businesses, and test and create new digital tools for farmers to improve efficiency and grow more with less. It’s a win-win for both the farming and business communities. On behalf of Farmers Edge, I want to thank Honourable Minister of Innovation, Navdeep Bains for propelling this global initiative forward and for putting Canada at the forefront of disruption. We look forward to leveraging our experience and working closely with PIC to support members in utilizing the funding to transform the agriculture sector in Canada and across the globe through innovation.”
Read the Government of Canada’s media release here.
About Protein Industries Canada
The Protein Industries Canada (PIC) consortium, which includes over 120 private-sector companies, academic institutions, and other stakeholders across Western Canada aimed at fully developing the potential of plant-based proteins from crops such as canola pulses, grains, hemp, and flax. PIC’s work will focus on improvements and opportunities in four areas: crop breeding, crop production, value-added processing, and export development.
About Farmers Edge
Farmers Edge is a global leader in decision agriculture servicing over 20 million acres worldwide with precision digital solutions. Integrating field-centric data, easy-to-use software, state-of-the-art processing technology, predictive modelling, and advanced agronomic analytics, Farmers Edge provides growers with scalable solutions to produce more with less. Using innovative digital agronomic tools, Farmers Edge solutions focus on the sustainable production of high-yielding, high-quality crops and are designed to optimize inputs, minimize environmental impact, and protect economic viability of the farm. From seed selection to yield data analytics, Farmers Edge transforms big data into timely and accurate insights to support informed decision making.