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POS lauds new funding for ‘one of the fastest-growing segments of our economy’

POS Bio-Sciences President & CEO Dale Kelly released the following statement on today’s landmark funding announcement to establish Natural Products Canada (NPC) — the country’s newest Centre of Excellence for Commercialization and Research:

As one of seven organizations designated as a contributing partner in NPC’s western node, POS Bio-Sciences recognizes the unique importance of this federal investment, and commends the government for its commitment to one of the fastest-growing segments of our economy.

The development and commercialization of consumer, food, health, industrial and other products made from natural ingredients represents a significant growth opportunity for Saskatchewan and Canada. The global demand for these goods has skyrocketed, and markets will only continue to expand and mature over the next decade.

That is precisely why it is imperative we remain at the forefront of this industry. While today’s announcement is truly groundbreaking, it must only be a start of things to come. Players in both the public and private sectors must multiply their efforts to encourage new research, strengthen industry partnerships, and stimulate leading-edge innovation.

That focus can help chart our nation’s future path to prosperity.