The underlying purpose of this facility is:
- To assist with the start-up of new food businesses, providing facilities and programs to help manage the transition from new product development through commercialization, market launch and growth in sales, resulting in graduation and the establishment of their own facilities.
- To provide a centre of excellence for agrivalue venture scale up, which will assist established food manufacturers in new product/process development, refinement, testing and manufacturing of market entry product volumes.
- To attract product/process development initiatives of established food industry companies to Alberta.
A key component of this initiative is the opportunity to provide a range of services to Incubator clients in a shared environment. It is essential that business planning, cost accounting, legal advice, marketing, distribution, quality assurance and other related services are available. The Agrivalue Processing Business Incubator is much more than the building itself.