Bioindustrial Innovation Canada partners with IDETR
By BIC and IDETR
Oct. 15, 2018 – Bioindustrial Innovation Canada (BIC), a national not-for-profit organization based in Sarnia, Ont., with a goal to help Canada become a globally recognized leader in the field of sustainable technologies, and Innovation et Développement économique Trois-Riviéres (IDETR), an economic development agency incorporated under the laws of Quebec, have signed a Memorandum of Understanding.
By BIC and IDETR
BIC provides critical investment, advice and services to early stage companies with clean, green and sustainable technologies. BIC is funded by federal government agencies with matching support from the provinces.
IDETR is a provincially funded economic development agency with a mission to help business leaders successfully implement their projects in Trois-Riviéres.
BIC and IDETR recognize that they share a mandate and priority to provide services to early stage, Canadian companies developing sustainable, chemistry-based technologies.
Together, BIC and IDETR offer an enhanced, integrated services package to small-medium enterprises (SME) clients and enable them to accelerate commercialization within this regional hybrid chemistry cluster.
The Memorandum of Understanding (MOU) – with immediate effect – was signed by BIC’s executive director, A.J. (Sandy) Marshall, and IDETR’s executive director, Mario De Tilly, in Quebec.
The goals of this partnership are to develop greater business relationships between their respective networks, work together to support and fund the development of a hybrid chemistry cluster in the Trois Riviéres and Bécancour region and jointly promote each other’s activities to federal and provincial funding agencies.
“From the first visit to the region in 2017, we recognized that the Trois Riviéres and Bécancour region had a real opportunity to develop a strong hybrid chemistry cluster. We look forward to working together to establish a Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) which can support early stage companies to successfully commercialize within Quebec,” said Marshall.
“In recent years, BIC has helped position the City of Sarnia as an international leader in environmental technologies, a niche that is currently emerging in both Trois-Rivières and Bécancour. This new partnership will help take our regional ecosystem to another level,” said De Tilly.