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Multi-Species Research and Development Fund

Q: How much funding can be received?

Multi-Species Research and Development Fund Funds up to 90% of admissible expenses, capped at $50,000 per project.

Q: Who is eligible for the Multi-Species Research and Development Fund program?

To be eligible for the Multi-Species Research and Development Fund program, you must: Businesses involved in aquaculture research and development of new, non-commercialized species in Newfoundland and Labrador.

Q: Who can I contact for more information about the Multi-Species Research and Development Fund?

You can contact Department of Fisheries, Forestry and Agriculture.

Q: Where is the Multi-Species Research and Development Fund available?

The Multi-Species Research and Development Fund program is available the province of Newfoundland and Labrador.

Q: Is the Multi-Species Research and Development Fund a grant, loan, or tax credit?

Multi-Species Research and Development Fund is a Grant and Funding

Last Update: March 4, 2026

Newfoundland and Labrador, Canada

Research and development of aquaculture species

Grant and Funding

Department of Fisheries, Forestry and Agriculture

Overview

Get up to $50,000 to cover up to 90% of eligible expenses to assist in the research and development of specific aquaculture projects and to incentivize farming of culture plants and new species.

At a glance

Funding available

Financing goals

Integrate new technologies

Develop a new product

Research and experimental development

Eligible Funding

Maximum amount : 50,000 $
Up to 90% of project cost

Timeline

Open Date : September 29, 2023

Eligible candidates

Eligible Industries

Agriculture, forestry, fishing and hunting

Location

Newfoundland and Labrador

Legal structures

Non-profit
Public or Parapublic institution
For-profit business
Sole proprietorship

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

Rural or Northern Residents
Startups

Non-profit candidates

Sector of operation

Research
Environment
Economic, Social and Community Development

Target groups

Rural / Remote communities
Business owners / entrepreneurs

Revenue structures

All structures

Scope

Provincial

Activities funded

Research and development of new aquaculture species not currently commercialized in Newfoundland and Labrador.
Initiatives encouraging the farming of cultured plants and diverse species in the provincial aquaculture sector.
Assessment of environmental and biological suitability of sites for cultivating new aquaculture species.
Knowledge and technology transfer projects to introduce and establish various species in aquaculture operations.

Examples of admissible projects:

$ 49,500

Developing technology to cultivate Arctic char

$ 50,000

Introducing mussel cultivation to expand aquaculture

$ 36,000

Knowledge transfer initiative for shrimp farming

$ 50,000

Developing methods for cultivating sea urchins

$ 50,000

Expanding aquaculture to include sea cucumber farming

$ 50,000

Researching cultivation of kelp for biofuel production

Eligibility

The project must involve research and development of aquaculture species that are not currently commercialized in Newfoundland and Labrador.
Applicants can be businesses, organizations, or individuals involved in aquaculture.

Who is eligible?

Aquaculture businesses operating in Newfoundland and Labrador
Organizations involved in research and development of aquaculture species not currently commercialized in the province
Individuals undertaking aquaculture research and development projects in Newfoundland and Labrador

Eligible expenses

Research and development costs related to non-commercialized aquaculture species.
Expenses for environmental and biological site suitability assessments.
Costs associated with knowledge and technology transfer to support the introduction of new aquaculture species.

Eligible geographic areas

Newfoundland and Labrador

How to apply

Understand Eligibility Criteria

Ensure that your business or project aligns with the objectives of the Multi-Species Research and Development Fund.
Confirm your eligibility to apply as a business, organization, or individual involved in aquaculture.

Review Program Details

Familiarize yourself with the objectives and structure of the Multi-Species Research and Development Fund.
Read the program factsheet and news release for comprehensive understanding.

Prepare Your Application

Develop a detailed research and development proposal focusing on non-commercialized aquaculture species.
Highlight the anticipated outcomes, innovations, and environmental impacts of your project.
Include necessary support documents, such as budgets, timelines, and research credentials.

Access Application Materials

Visit the provided links to download the application form for the Multi-Species Research and Development Fund.

Contact Program Officials

Reach out to the Fisheries and Aquaculture Branch to clarify any queries related to the application process.
Utilize the provided contact information for specific inquiries about different support services.

Submit Your Application

Complete and compile your application form and all supporting documents.
Submit the final application package to the fund provider using the instructions provided on their official website or application form.

Await Confirmation

Wait for an official confirmation regarding the receipt of your application.
Keep a record of your submission and any communications for future reference.

Additional information

The program encourages the transfer of knowledge and technology related to aquaculture species diversification.
Focus is also placed on the suitability assessment of specific sites or areas from both environmental and biological perspectives.

Documents and links

Multi-Species Research and Development Fund

Apply to this program

Frequently Asked Questions about the Multi-Species Research and Development Fund Program

Here are answers to the most common questions about the Multi-Species Research and Development Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Multi-Species Research and Development Fund?

How much funding can be received?

Who is eligible for the Multi-Species Research and Development Fund program?

What expenses are eligible under Multi-Species Research and Development Fund?

Research and development of new aquaculture species not currently commercialized in Newfoundland and Labrador. Initiatives encouraging the farming of cultured plants and diverse species in the provincial aquaculture sector. Assessment of environmental and biological suitability of sites for cultivating new aquaculture species. Knowledge and technology transfer projects to introduce and establish various species in aquaculture operations.