Bioindustrial Innovation Canada, Bioenterprise Canada join forces on cleantech
March 16, 2023
By Bioenterprise Canada
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.
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