Bioindustrial Innovation Canada joins Bioenterprise Canada
Guelph ON/Sarnia ON, 16 March 2023 – Canada’s clean, green, sustainable chemistry business accelerator and Canada’s Food & Agri-Tech Engine are collaborating to enhance support for cleantech innovators. Bioindustrial Innovation Canada (BIC) has joined Bioenterprise Canada as a Knowledge & Development Partner.
The two organizations have signed a Memorandum of Understanding (MOU) to help entrepreneurs and growth-oriented businesses with sustainable green technologies access more resources to support development and commercialization of their innovations.
BIC’s portfolio companies gain access to Bioenterprise’s national network of mentors, resources and funding while Bioenterprise members and partners across Canada can explore opportunities in the sustainable chemistry space through BIC’s national and international network.
“There’s no doubt that sustainable cleantech will play a significant role in the future of the Canadian economy and we welcome the opportunity to join forces with Bioindustrial Innovation Canada to help advance innovation and development in this space,” says Dave Smardon, Bioenterprise Canada CEO. “Sustainable innovation is one of our key priority pillars at Bioenterprise and greater collaboration among like-minded organizations and businesses will yield benefits for the entire Canadian economy.”
BIC provides critical technical and business advice and services to clean, green and sustainable technology developers to help remove barriers to commercialization so the developers can scale their businesses in Canada. BIC is focused on enabling Canada to become a globally recognized leader in sustainability by investing in companies that:
convert renewable biomass resources into value-added bioenergy, biofuels, biochemicals and biomaterials;
efficiently use the world’s limited resources through innovative technologies; and
recover and reuse the world’s limited resources within the circular economy
for use in a multitude of commercial applications along the sustainable chemistry value chain.
“We welcome the opportunity to partner with Bioenterprise Canada and leverage the resources and opportunities of the Engine’s growing national network to further support our technology developers and portfolio companies in their growth and commercialization efforts,” says BIC Executive Director Meaghan Seagrave.
About Bioenterprise Canada
Bioenterprise is Canada’s Food & Agri-Tech Engine. As the country’s national agri-technology focused commercialization accelerator, Bioenterprise uses its 20 years of industry experience and its national and international network of experts, mentors, funders, advisors, researchers, government and industry partners to help small and medium-sized agri-food businesses connect, innovate and grow.
Since its inception in 2003, Bioenterprise has supported over 2,500 innovative ag-tech companies, helped launch 2,000 technologies, generated $285 million in follow-on investment in Canadian agriculture and agri-food, and yielded a 200:1 return on invested dollars. The organization has six locations across Canada and more than 350 members and partners nationwide.
About Bioindustrial Innovation Canada Bioindustrial Innovation Canada (BIC) is Canada’s sustainable chemistry business accelerator focused on providing critical strategic investment, advice and services to business developers with clean, green and sustainable technology. Through its Sustainable Chemistry Alliance Investment Fund, BIC has invested over $20 million in 32 companies, leveraged over $355 million in third-party investment, created over 5,000 jobs for Canadians and supported the reduction of over 1 megaton in CO2 emissions through its portfolio companies. BIC-supported companies are on track to reduce over 13 megatons of greenhouse gas emissions by 2030 while growing Canada’s clean, green and sustainable innovation economy.
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For more information:
Dave Smardon, Bioenterprise Canada
dave.smardon@bioenterprise.ca or (519) 821-2960
Meaghan Seagrave, Bioindustrial Innovation Canada
mseagrave@bincanada.ca or (506) 471-5676
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