**Research Brief: Atlantic Innovation Fund (AIF) - II Grants** The Atlantic Innovation Fund (AIF) - II has disbursed 292 federal government grants, totaling $704,264,460.03. Key recipients of these grants include Memorial University of Newfoundland, University of New Brunswick, and Springboard Atlantic Inc. The Atlantic Canada Opportunities Agency is identified as a primary granting department for these initiatives.
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Atlantic Innovation Fund (AIF) - II
SaveTotal Grants
292
Total Amount
$704.3M
Provinces Served
6
Top Recipients by Funding Amount
| # | Recipient | Grants | Total Amount |
|---|---|---|---|
| 1 | Memorial University of Newfoundland|Memorial University of Newfoundland | 28 | $64.6M |
| 2 | University of New Brunswick|University of New Brunswick | 24 | $48.7M |
| 3 | Springboard Atlantic Inc.|Springboard Atlantic Inc. | 5 | $44.3M |
| 4 | University of Prince Edward Island - Atlantic Veterinary College|University of Prince Edward Island - Atlantic Veterinary College | 9 | $20.8M |
| 5 | Dalhousie University|Dalhousie University | 8 | $16.4M |
| 6 | Institut atlantique de recherche sur le cancer inc. / Atlantic Cancer Research I|Institut atlantique de recherche sur le cancer inc. / Atlantic Cancer Research I | 5 | $15.1M |
| 7 | Capital District Health Authority|Capital District Health Authority | 6 | $14.0M |
| 8 | University of Prince Edward Island|University of Prince Edward Island | 7 | $13.1M |
| 9 | Forest Protection Limited|Forest Protection Limited | 2 | $12.9M |
| 10 | Université de Moncton|Université de Moncton | 4 | $10.4M |
| 11 | Michelin North America (Canada) Inc.|Michelin North America (Canada) Inc. | 1 | $10.0M |
| 12 | Cold Ocean Salmon Inc.|Cold Ocean Salmon Inc. | 1 | $9.4M |
| 13 | Nova Scotia Agricultural College|Nova Scotia Agricultural College | 4 | $9.0M |
| 14 | Genome Atlantic|Genome Atlantic | 3 | $8.9M |
| 15 | BioVectra Inc.|BioVectra Inc. | 3 | $8.9M |
| 16 | MDS Coating Technologies Corporation|MDS Coating Technologies Corporation | 3 | $8.3M |
| 17 | PAL Aerospace Ltd.|PAL Aerospace Ltd. | 2 | $8.0M |
| 18 | Cooke Aquaculture Inc.|Cooke Aquaculture Inc. | 3 | $7.5M |
| 19 | Nova Scotia Health Authority|Nova Scotia Health Authority | 3 | $7.4M |
| 20 | Izaak Walton Killam Health Centre|Izaak Walton Killam Health Centre | 3 | $7.0M |
Geographic Distribution by Province
| Province / Territory | Grants | Total Amount | Share |
|---|---|---|---|
| NS | 82 | $218.4M | 31% |
| NB | 74 | $180.4M | 26% |
| NL | 77 | $173.3M | 25% |
| PE | 51 | $110.4M | 16% |
| ON | 7 | $11.7M | 2% |
| SC | 1 | $10.0M | 1% |
Departments Administering This Program
| # | Department | Grants | Total Amount |
|---|---|---|---|
| 1 | Atlantic Canada Opportunities Agency | 291 | $701.3M |
| 2 | Unknown | 1 | $3.0M |
Recent Grants
Recipient
Amount
Year
Purpose
Forest Protection Limited|Forest Protection Limited
$10.0M
--
Michelin North America (Canada) Inc.|Michelin North America (Canada) Inc.
$10.0M
--
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$9.6M
--
Cold Ocean Salmon Inc.|Cold Ocean Salmon Inc.
$9.4M
--
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$9.2M
--
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$8.5M
--
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$8.5M
--
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$8.5M
--
PAL Aerospace Ltd.|PAL Aerospace Ltd.
$5.0M
--
University of New Brunswick|University of New Brunswick
$5.0M
--
Institut atlantique de recherche sur le cancer inc. / Atlantic Cancer Research I|Institut atlantique de recherche sur le cancer inc. / Atlantic Cancer Research I
$3.4M
--
Soricimed Biopharma Inc.|Soricimed Biopharma Inc.
$3.4M
--
Memorial University of Newfoundland|Memorial University of Newfoundland
$3.0M
--
Consilient Technologies Corp|Consilient Technologies Corp
$3.0M
--
Canadian Health Solutions Inc.|Canadian Health Solutions Inc.
$3.0M
--
Blue Drop Inc.|Blue Drop Inc.
$3.0M
--
Centre for Cold Ocean Resources Engineering|Centre for Cold Ocean Resources Engineering
$3.0M
--
University of Prince Edward Island - Atlantic Veterinary College|University of Prince Edward Island - Atlantic Veterinary College
$3.0M
--
Mara Renewables Corporation|Mara Renewables Corporation
$3.0M
--
Master Merchant Systems Software Limited|Master Merchant Systems Software Limited
$3.0M
--
PAL Aerospace Ltd.|PAL Aerospace Ltd.
$3.0M
--
Forest Protection Limited|Forest Protection Limited
$10.0M--
Early intervention strategies to suppress a Spruce Budworm outbreak
Michelin North America (Canada) Inc.|Michelin North America (Canada) Inc.
$10.0M--
Develop and implement innovative manufacturing equipment
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$9.6M--
Phase 6 of a pan-Atlantic industry engagement and technology commercialization network
Cold Ocean Salmon Inc.|Cold Ocean Salmon Inc.
$9.4M--
Integration of Physiological, Biochemical, Genetic Innovatio
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$9.2M--
Support phase 5 of a pan-Atlantic commercialization network
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$8.5M--
Support Springboard Atlantic - Commercialization Network
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$8.5M--
Post-secondary institutions commercialization network
Springboard Atlantic Inc.|Springboard Atlantic Inc.
$8.5M--
Springboard Atlantic – innovation mobilization network
The University of New Brunswick|The University of New Brunswick
$6.7M--
Atlantic Digital Grids
PAL Aerospace Ltd.|PAL Aerospace Ltd.
$5.0M--
Modify a Dash 8 300 aircraft for a range of roles and applications
University of New Brunswick|University of New Brunswick
$5.0M--
Marine Additive Manufacturing Centre of Excellence (MAMCE)
Institut atlantique de recherche sur le cancer inc. / Atlantic Cancer Research I|Institut atlantique de recherche sur le cancer inc. / Atlantic Cancer Research I
$3.4M--
Delivering Precision Medicine through Liquid Biopsy Technologies
Soricimed Biopharma Inc.|Soricimed Biopharma Inc.
$3.4M--
Soricidin-Derived Peptides for Targeted Cancer Management
Genome Atlantic|Genome Atlantic
$3.1M--
Atlantic Cod Genomics and Broodstock Development
Memorial University of Newfoundland|Memorial University of Newfoundland
$3.0M--
Personalized medicine – bridging the gap
Consilient Technologies Corp|Consilient Technologies Corp
$3.0M--
Develop wireless technologies for mobile computing
Canadian Health Solutions Inc.|Canadian Health Solutions Inc.
$3.0M--
Modularized Health Assessments: steps toward automated platform and AI-enabled services
Blue Drop Inc.|Blue Drop Inc.
$3.0M--
Advanced workplace learning verticals mobile performance support for industry and military
C-Vision Limited|C-Vision Limited
$3.0M--
En.Eff. Command & Controls for LED Roadway Lighting
Verafin Inc.|Verafin Inc.
$3.0M--
Verafin Cross Institution Analysis (CIA)
Centre for Cold Ocean Resources Engineering|Centre for Cold Ocean Resources Engineering
$3.0M--
Develop risk mitigation strategies for subsea infrastructure
University of Prince Edward Island - Atlantic Veterinary College|University of Prince Edward Island - Atlantic Veterinary College
$3.0M--
Atlantic Centre for Bioproducts Valuation (ACBV)
Mara Renewables Corporation|Mara Renewables Corporation
$3.0M--
Develop fast-growing algae for human indirect nutrition enhancement
Master Merchant Systems Software Limited|Master Merchant Systems Software Limited
$3.0M--
Next generation Communication Service Provider management suite
PAL Aerospace Ltd.|PAL Aerospace Ltd.
$3.0M--
Modify a Dash 8 300 aircraft for a range of roles and applications
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