The Innovative Seafood Program will concentrate on advancements in harvesting, processing, and aquaculture while addressing research and development and strategic market opportunities, particularly niche markets and added value products.

The maximum funding contribution per project is $100,000 and the level of contribution for industry-led projects will not exceed a maximum of 60% of eligible expenses. Small enterprises (vessels under 40 feet) will be covered up to 80% of eligible expenses.