Grants and Contributions:

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Title:

Establishing Sustainable Seaweed Cultivation and Production Capacity in NL

Agreement Number:

1032732

Agreement Value:

$74,896.00

Agreement Date:

Jun 30, 2025 - Jan 29, 2027

Description:

This project is designed to develop and validate a commercially viable seaweed-based biostimulant through: - growing and processing of the seaweed, - efficacy testing of the extracts in commercial and scientific applications, and - undertaking market research. The overall goals are to enable commercialization of a high-quality seaweed biostimulant sourced from Newfoundland and to establish a replicable business model that supports coastal economic development and environmental sustainability.

Organization:

National Research Council Canada

Expected Results:

The expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.

Location:

St. John's, Newfoundland & Labrador, CA A1E 3H2

Reference Number:

172-2025-2026-Q2-1032732

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

776450017

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by 277 days.

Amendment Date

Apr 24, 2026

Recipient's Operating Name:

HoldFastNL

Recipient's Legal Name:

HoldFastNL Seaweed Farm Inc.

Federal Riding Name:

St. John's South--Mount Pearl

Federal Riding Number:

10007

Program:

Industrial Research Assistance Program

Program Purpose:

The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.

Coverage:

Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity.

NAICS Code:

112510

Amendments:

See Amendments