Multi-Species Research and Development Fund
Last Update: July 22, 2025
NL, Canada
Research and development of aquaculture species
Multi-Species Research and Development Fund at a glance
Eligible Funding
- Max. $50,000
- Up to 90% of project cost
Timeline
- Open Date : September 29, 2023
Financing Type
Grant and Funding
Eligible Industries
- Agriculture, forestry, fishing and hunting
Grant Providers
- Department of Fisheries, Forestry and Agriculture
Status
Open
Overview of the Multi-Species Research and Development Fund program
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.
Financing terms and conditions
- Successful applicants will receive non-repayable funding to support research and development projects related to aquaculture species not currently commercialized in Newfoundland and Labrador.
Eligible projects & activities
- 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
Developing methods for cultivating sea urchins
$ 50,000
Expanding aquaculture to include sea cucumber farming
$ 50,000
Researching cultivation of kelp for biofuel production
$ 50,000
Introducing mussel cultivation to expand aquaculture
$ 36,000
Knowledge transfer initiative for shrimp farming
Eligibility criteria of the Multi-Species Research and Development Fund program
- 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 to the Multi-Species Research and Development Fund program
1
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.
2
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.
3
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.
4
Access Application Materials
Visit the provided links to download the application form for the Multi-Species Research and Development Fund.
5
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.
6
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.
7
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.
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