AVAC (Alberta Value Added Corporation) is an Alberta-based private, not-for-profit company that invests in research initiatives and early stage commercial businesses that expand Alberta's value-added industry, with a particular focus on the agrivalue, renewable resource, ICT, life sciences and other industrial technology sectorsAVAC was created to grow agrivalue in Alberta with initial financial support of $35 million from the Alberta government in March 1997, and a federal commitment of nearly $10 million from the Government of Canada in 1998. A subsequent $10 million was advanced from Agriculture and Agri-food Canada in October 2005. The Ag Research Fund within AVAC was created in September 2005 upon the receipt of $24 million from the Alberta Government. Most recently, the new IVAC initiative was created with an additional $30 million from the Alberta Government.
AVAC Headquarter Location
220, 6815-8 Street NE
Calgary, Alberta, T2E 7H7,
4 Team Members
AVAC has 4 team members, including current Chief Executive Officer, President, Michael Raymont.
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