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 - Apr 27, 2026

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 purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

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

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 – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

112510